Ethereum's Price Remains Weak Despite Decreased Profit-Taking Pressure, Signaling Potential Bottom
Ethereum's Price Remains Weak Despite Decreased Profit-Taking Pressure, Signaling Potential Bottom
Ethereum (ETH) is exhibiting one of its lowest profit-taking incentives in recent months, suggesting a potential market bottom. However, this promising signal is overshadowed by significant long-liquidation pressure and a persistent falling channel, which continue to impede any meaningful price recovery. Analysts suggest ETH requires substantial confirmations before a true reversal can materialize.
The Ethereum price is showing one of its weakest profit-taking incentives in months, hinting at a possible bottom. But heavy long-liquidation pressure and a falling channel still limit any recovery. ETH needs major confirmations before any real reversal can take shape.
The post Ethereum’s Profit-Taking Pressure Dips — So Why Does Price Still Look Weak? appeared first on BeInCrypto.