5 hour ago
1 0
BEARISH 📉 : Ethereum Transfer Surge Signals Potential Market Downturn
Ethereum Faces Continued Pressure Amid Market Sell-Off
- Ethereum struggles to maintain levels above $2,300 as selling pressure dominates the crypto market.
- Analysts warn of potential further downside due to weakening price structure and reduced risk appetite.
- The Ethereum Transfer Count surged sharply to 1.17 million on January 29, 2026, a significant rise indicating market stress.
- Historically, similar spikes have coincided with major market turning points, often preceding price corrections.
Transfer Count Spikes Indicate Potential Market Shift
- CryptoQuant report highlights recurring pattern of transfer count spikes at critical network history points.
- Similar spikes in 2018 and 2021 marked the beginning of prolonged bear markets following cycle peaks.
- Current spike suggests possible distribution or defensive repositioning by long-term holders or institutions.
- Investors should be cautious, monitoring for confirmation signals before assuming market stability.
Bearish Weekly Structure Suggests Ongoing Downside Risk
- Ethereum's weekly chart shows a shift from expansion to distribution, struggling to stabilize after breaching $2,300–$2,400 support zones.
- ETH trades below short- and medium-term moving averages, indicating loss of upside momentum.
- Recent sell-off accompanied by elevated volume suggests conviction behind the move, not just low liquidity.
- Sequence of lower highs confirms broader bearish structure; path likely remains sideways to lower without a recovery above $2,400–$2,500.