ETH Rally Faces Early Selling Pressure — Monitor for Consolidation
I see Ethereum's ongoing bullrun showing early signs of distribution as short-term traders take profits and sell orders pick up near recent highs.
I'm watching on-chain flows and technical momentum for confirmation: if selling volume and RSI divergence persist, the rally could pause or consolidate before resuming.
For now I remain cautious but open to re-entry on clear weakness or a validated breakout with renewed buying volume.
Analysis
Recommendation
I recommend watching price action closely and avoiding aggressive new longs now; consider adding on confirmed weakness or on a breakout backed by higher buying volume.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.