 
 
Ethereum (ETH) price has dropped below multiple resistance following increased sell pressures. ETH price drop is linked to wider crypto outflows in the same time frame after Bitcoin slumped below the $100K mark. At press time, ETH trades at $3,392, a 1% gain in the last 24 hours and a huge 14% weekly decline.
The drop below $3,500 sparked outflows and negative reactions from the community. However, this led to new trade positions and speculations among traders with few days to 2025. This month, Ethereum bulls market $5,000 as a price to end the year; while this looked high, a slight recovery can propel the asset in the coming days.
Analyst Flags Bullish ETH Metrics
Despite sell pressures, a new CryptoQuant report shows several green zone metrics for Ethereum. The asset’s funding rates are averagely positive. This becomes crucial to know the long-term sentiment in…
