Analysis: The surge in Ethereum's downward token transfer volume may indicate that selling pressure is exhausted and a local bottom is forming.
CryptoOnchain stated that when the Ethereum price drops to the $2000 range, Token Transfers (14-day moving average) surged to 2.75 million, the highest since August 2025, indicating panic selling and weak hand clearing. This kind of extreme activity usually signals the exhaustion of selling pressure and may form a local bottom.
ETH-3,7%
GateNewsBot·3m ago

