Ethereum Faces Market Jitters as $570M Sell-Off Pressures Price Stability

Ethereum (ETH), the second-largest cryptocurrency by market cap, is under pressure this week following a sharp wave of selling that has put its price on shaky ground. Despite a generally bullish tone across the broader crypto market, Ethereum has remained stagnant — a concerning sign for investors watching for signs of strength.

Over the past 48 hours, more than 225,000 ETH — worth roughly $576 million — has been sold off by holders. This sudden dump points to growing short-term caution and a clear shift toward risk-off sentiment among traders.

Analysts say this sell-off is more than just a blip. It reflects broader uncertainty about Ethereum’s near-term prospects. With ETH currently trading around $2,553 and clinging to a key support level near $2,500, the next few days could prove pivotal.

Technical indicators are backing up the cautious outlook. The Moving Average Convergence Divergence (MACD), a tool often used to gauge market momentum, has flipped bearish after nearly two months of bullish behavior. This crossover often precedes increased volatility or downward pressure — and traders are taking notice.

If Ethereum fails to hold above the $2,500 support line, the next major level to watch is $2,344. A dip below that could spark further selling and dent investor confidence even more. On the flip side, if demand picks back up and ETH can push through resistance near $2,654, the path could reopen toward $2,814 — a level that might revive bullish sentiment.

For now, Ethereum sits at a crossroads. The market is watching closely to see whether the recent wave of profit-taking signals a deeper correction or just a temporary breather in an otherwise resilient uptrend.