Why Ethereum Price May Hold $4,000 Despite Big Player Dump Rumors

The post Why Ethereum Price May Hold $4,000 Despite Big Player Dump Rumors appeared on BitcoinEthereumNews.com.

Ethereum price dropped to just under $4,140 this week, falling nearly 9.5% over the past seven days. Traders have been watching closely as selling pressure builds, but not all signs are bearish. Despite the sharp correction, data suggest this might be the end of the dip, not the start of a deeper fall. Big Player Selling, but Ethereum Price May Hold $4,030 There’s talk that Binance, one of the biggest crypto exchanges, is behind Ethereum’s price dump. Some reports say the exchange continues to push ETH lower to wipe out traders using high leverage. This might sound strange, but it’s not the first time we’ve seen something like this. Binance’s Key Liquidation Zone | Source: Coinglass Binance could be selling just enough to trigger long liquidations. These are price levels where leveraged buyers get forced out of the market. When that happens, their assets get sold off, which pushes the price even lower. Some of the data shows that the last leg of the leveraged long liquidation level is around $4030. That could explain why the Ethereum price has been falling, but only up to a point. Chatter About Binance Behind The Ethereum Price Drop | Source: X Also, some smart traders are tracking the wallet flows tied to Binance. They’ve noticed some big withdrawals and sell activity right before every major ETH price dip. That makes these rumors feel a bit more real. CMF Flashes Strength, Not Panic Despite the Ethereum price drop, ETH’s Chaikin Money Flow (CMF) has not turned red. In fact, it’s still above zero. That means there’s more money flowing into Ethereum than out of it, even during this correction. If CMF were below zero, it would mean traders were taking money out fast. But since CMF held above the line, we know that some…