ETH long-term holders dump 45K Ether per day: Is a price drop to $2.5K next?
Ether price is at risk of a 23% drop to $2,500 if long-term investors maintain their current pace of selling. Cointelegraph explains what must happen for a bullish reversal to take place.
Key takeaways:
Long-term investors have been selling 45,000 ETH daily, increasing sell-side pressure.
Ether’s 50-week EMA and bear flag breakdown target $2,500.
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