Ethereum treasury demand collapses: Will it delay ETH’s recovery to $4K?
NegativeCryptocurrency
- Ethereum's treasury demand has collapsed, creating significant overhead resistance between $3,100 and $3,200, which hinders Ether's recovery towards the $4,000 mark. This decline follows a broader trend of decreasing investor sentiment and market instability.
- The drop in treasury demand is critical as it reflects a lack of confidence among investors, particularly the major players or 'whales' in the Ethereum market. This situation raises concerns about the potential for a price rally and the overall health of the Ethereum ecosystem.
- This development is part of a larger narrative where Ethereum has faced a series of downward trends since its all-time high in August, compounded by a market crash in October. Analysts are now questioning the sustainability of the current bull market, as ETH has recently fallen below $3,000 for the first time in four months, indicating a potential liquidity reset and further complications for future price recovery.
— via World Pulse Now AI Editorial System
