Ethereum (ETH) showed signs of cooling volatility after failing to break above the $4,000 resistance level over the weekend. Despite strong momentum earlier this month, the price was firmly rejected near this psychological level, raising concerns about a potential selloff. This is due to weakening buying pressure and low volatility, according to on-chain data. Some traders see the rejection as a signal to take profits, especially after ETH’s steady climb over the past few weeks.
Ethereum’s Volatility Drops Below 50%
In the past 24 hours, Ethereum (ETH) has seen a spike in price swings. According to Coinglass, about $124.5 million worth of ETH positions were liquidated, with both buyers and sellers affected equally.
The price drop came after a…
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