Ethereum's price recently surged, trading at $3,672, but heavy sell pressure in futures markets might prevent further gains. Indicators suggest more sell orders are affecting market sentiment, bringing bearish trends.
CryptoQuant data show's ETH's taker buy-sell ratio below one, indicating sellers’ dominance. Negative weighted sentiment since December implies possible downturns.
If sell-offs continue, support levels like $3,332 could be tested, risking drops to $2,509. Yet, halting sell pressures and renewed buying might push ETH beyond $4,000.
