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Ethereum traders should know this reason behind ETH’s latest sell-off

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Ethereum [ETH] concluded June with a 27% bearish push in the last five days of the month after enjoying a brief relief rally. The bearish end of June resulted in the token dropping below $1,000, followed by a pullback. Could this be a sign of a strong buy wall within the $1,000 price level? June […]

concluded June with a 27% bearish push in the last five days of the month after enjoying a brief relief rally. The bearish end of June resulted in the token dropping below $1,000, followed by a pullback. Could this be a sign of a strong buy wall within the $1,000 price level?

A look at ETH addresses confirms that accumulation outweighed the sell-off in the last 24 hours, resulting in strong support near $1,000. However, it also reveals that active addresses have reduced, reflecting the volatile market conditions.

 

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