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ETH started to fluctuate after failing to hold resistance above the key, and the bar became heavy. The price collapsed again after a push higher at the beginning of the month, bringing a bearish structure into play.
While long-term holders still provide some support, increased selling pressure and broader weak market conditions are testing this supply.
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Can Ethereum’s LTH Systems Prevent a Collapse?
Series data appears Those who are long-term holders of Ethereum They are still largely in accumulation mode. The Chairman’s Net Position Change (HODLer Net Position) has been printing stable green bars since late December, indicating lower distribution and continued accumulation from stronger hands. This behavior helped to mitigate the recent declines and slow down the downside momentum.
However, even stable demand for LTH could be affected if macroeconomic and derivative pressures continue to rise. If risk aversion persists, long-term support alone may not be sufficient to prevent further deterioration.
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Ethereum initiatives make more losses
ETH derivatives market Show warning signs. Futures positions are heavily biased on the call, with more than 83% of open exposure tilted toward the downside. This type of imbalance tends to exacerbate volatility once the price reaches, especially near key psychological levels.
Liquidation data shows a clear danger zone around $3,000. A push into that territory could translate into a long playoff run worth about $368 million. If this is enforced, the downside momentum can accelerate quickly as the bullish situation is removed.
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Ethereum selling pressure continues to improve
Momentum indicators support the bearish reading. The Money Flow Index has fallen below the mid-50 line, which indicates that capital has begun to cycle. After being briefly labeled as overbought earlier this month, See ETH Gradual decrease in buying pressure.
A decline in distressed investors generally means the sellers are in control until proven otherwise. Until the flows stabilize or return to positivity, the price of Ethereum remains vulnerable to further decline.
The collapse of the ETH price below $3,000 is possible
The price of Ethereum is trading near $3,109 at the time of writing. The 12 hour chart shows a double top pattern developing, which is a bearish formation. This setup foresees a potential decline of 7.5%, aimed at a move towards the $2,900 level if confirmed.
Technical and chain factors support this bearish scenario. Losing the $3,085 support would confirm a failure. Sales pressure may increase When ETH goes down Below the psychological level of $3,000, where liquidation risks increase sharply and bullish defenses weaken.
A bullish reversal is still possible if long-term holders retain control. A successful bounce from $3,085 can restore confidence. In this scenario, You can try Ethereum Recovered about $3,287. The restoration of this level will eliminate the hypothesis of negative expectations and indicate renewed demand.
