Key Notes

Ethereum’s net take volumes highlight that ETH price could see a drop below $4,000.

Analysts highlighted key ETH support levels at $3,960 and $3,360, stressing the need to hold these zones to maintain the current market structure.

Traders expect Bitcoin to outperform in the near term as ETH/BTC weakens amid current capital rotation.

The Ethereum price continues to remain under selling pressure after rejecting its all-time highs. Derivatives data show that any near-term recovery in ETH seems difficult, as sellers exert greater pressure, pushing the price lower. Market analysts believe that the altcoin could see sub $4,000 levels, falling all the way to $3,300.

Ethereum Price In Pressure as Futures Data Shows Sellers’ Dominance

Looking at the derivatives data, Ethereum futur

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