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Ethereum rallies 11.7% but signs suggest short-term holders may sell, risking deeper price drop.

Technical Signals
06 Jul 2026
AMBCrypto
View Source
Bearish
Ethereum rallies 11.7% but signs suggest short-term holders may sell, risking deeper price drop.

Ethereum's price rose 11.7% in the past week, triggering over $300 million in short liquidations. However, on-chain data shows a shift of assets back to exchanges, indicating holders might be preparing to sell. Other metrics like declining open interest and a negative Coinbase Premium Index suggest bearish sentiment among investors. Despite recent gains, these trends point to potential further price declines for Ethereum.

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