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TechFlow, Nov 15 — According to a Glassnode data report cited by Cointelegraph, long-term holders (addresses holding for over 155 days) are currently selling approximately 45,000 ETH per day, worth around $140 million.
The analysis indicates this is the highest level since February 2021, suggesting weakening bullish momentum.
Technically, if the key support level of $3,000 is breached, it could trigger a downward move targeting around $2,500 or even lower.
According to a Glassnode data report cited by Cointelegraph, long-term holders (addresses holding for over 155 days) are currently selling approximately 45,000 ETH per day, equivalent to about $140 million. Analysis indicates this is the highest level since February 2021, suggesting weakening bullish momentum. Technically, if the key support level of $3,000 is breached, it could trigger a downward move toward targets around $2,500 or even lower.
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