Ethereum price analysis: Bearish trend persists as long-term holders sell 45K ETH daily

The current bearish trend in Ethereum's price is compounded by a significant increase in selling activity from long-term holders, who are offloading 45,000 ETH daily. As Ethereum trades around $3,211, it faces challenges in maintaining momentum, particularly as trading activity declines and investor confidence wanes. Related articles highlight the risk of breaking the $3,300 support level, with Ethereum's price fluctuating between $3,350 and $3,550 recently. This context underscores a broader pattern of weakening market sentiment, suggesting that unless trading dynamics improve, Ethereum may continue to struggle in the near term.