Overview

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The current selling pressure could potentially set the stage for a rebound, similar to what occurred in the past. Despite Ethereum’s struggles in this cycle, the interplay These two numbers represent nearly 1.3m ETH or approximately $2.4bn worth of potential sell-side pressure to face the market, analysts at K33 Research said in a Hace 2 días On May 30, $2.4 billion in Ether (ETH) options will expirean event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months. Hace 1 día On the 4-hour chart, Ethereum is currently trading within an ascending channela structure that typically signals bullish continuation. However, a closer look at the Money Flow Ethereum is trading at $2,120 after enduring days of massive selling pressure that pushed the price to its lowest level in months. ETH is currently holding above a high-timeframe demand Ethereum (ETH) has plunged 44% in Q1, with record levels of selling pressure and market dominance dropping to 8.5%, its lowest since 2025. Layer-2 scaling Hace 1 día Explore Ethereum price prediction, 2. Technical Outlook. ETH faces a decisive battle at $2,700–$2,800: (May 30) and ETH spot ETF holders’ average cost basis at Hace 3 días Ethereum struggles under $2,700 due to a $4.4 billion supply zone of 1.67 million ETH creating strong selling pressure. Increased ETH transfers to exchanges signal rising

Will Ethereum Face a $2.4 Billion Sell Pressure? Understanding the Market Dynamics

Ethereum (ETH) has been navigating a complex market landscape, facing significant fluctuations in price and experiencing bouts of intense selling pressure. Recent reports suggest that Ethereum is trading at $2,120 after enduring days of massive selling pressure that pushed the price to its lowest level in months. A key concern for investors is the looming possibility of a $2.4 billion sell-off, potentially exacerbating these challenges.

Analyzing the Potential $2.4 Billion Sell-Off

Analyst reports, such as those from K33 Research, highlight that the interplay between ETH options expirations and spot ETF holders\' cost basis could introduce substantial sell-side pressure. Specifically, analysts at K33 Research said, "These two numbers represent nearly 1.3m ETH or approximately $2.4bn worth of potential sell-side pressure to face the market." This significant volume of ETH potentially hitting the market could put downward pressure on the price.

On May 30, a critical event is set to occur: "$2.4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700 mark for the first time in over three months." The outcome of this expiration will be crucial in determining whether Ethereum can overcome existing resistance or succumb to further selling.

Technical Outlook and Key Resistance Levels

Ethereum currently faces a decisive battle at the $2,700–$2,800 range. This zone represents a significant area of resistance, partly attributed to a $4.4 billion supply zone consisting of 1.67 million ETH creating strong selling pressure. Ethereum struggles under $2,700, making a breakthrough challenging. Increased ETH transfers to exchanges also signal rising selling interest.

Examining the 4-hour chart, "Ethereum is currently trading within an ascending channel—a structure that typically signals bullish continuation." However, the Money Flow Index needs careful monitoring to gauge the strength of this potential bullish trend. Maintaining position above a high-timeframe demand zone is also crucial for stability.

Historical Context and Potential for Rebound

It\'s worth noting that Ethereum (ETH) has plunged 44% in Q1, with record levels of selling pressure and market dominance dropping to 8.5%, its lowest since 2025. Layer-2 scaling solutions and other advancements are being developed to address some of the network\'s limitations.
However, "The current selling pressure could potentially set the stage for a rebound, similar to what occurred in the past. Despite Ethereum’s struggles in this cycle." A potential rebound is always on the cards.

Conclusion

The looming $2.4 billion sell pressure represents a significant hurdle for Ethereum. While technical indicators offer mixed signals, the expiration of ETH options and the presence of strong resistance levels warrant close attention. Whether Ethereum can overcome these challenges and break above $2,700 remains to be seen, but understanding the market dynamics is key for informed investment decisions.

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