Ethereum Price Prediction: February Accumulators Are Selling Into the Dip as ETH Drops 5.5%
Ethereum Ethereum Price Prediction: February Accumulators Are Selling Into the Dip as ETH Drops 5.5%Santiment recorded $74.58M in ETH realized profits, the highest in three weeks, as February accumulators sell into the current decline while still in profitFour straight days of ETF outflows totaled over $156M, with BlackRocks ETHA leading exits as institutional holders reduce exposure near $2,300Open interest fell 4.40% to $33.19B with longs absorbing $41.65M in 24h liquidations, double the $21.03M shorts lost in the same window Ethereum trades at $2,256 on May 15, down 5.5% in three days, as Santiment flags $74.58M in realized profits from wallets that bought during Februarys sub-$2,000 lows and are now distributing into the dip while they still can. ETH Daily Chart: Lower Wedge Rail Is the Only Thing Holding This Together ETH price is pressing the lower rail of the rising wedge near $2,236, the line that has defined ETHs recovery since the February low at $1,800. The 20 EMA at $2,300 and 50 EMA at $2,273 have both flipped back above price after acting as support through most of May. That is a near-term bearish shift and the first time both EMAs have been overhead simultaneously since early April. The MACD crossed below its signal