Ethereum top is in? ETH sell-pressure hits $419M, second-highest level ever

ETH is retesting a multiyear distribution resistance zone that preceded a 66% drop in December 2024.

Key takeaways:

ETH Net Taker Volume hit -$418.8 million, the second-largest daily sell imbalance ever.

Price is retesting a major resistance zone near $4,000, echoing the December 2024 top.

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