Crypto
Will Ethereum hold $2,700 as selling pressure builds in spot and derivatives markets
Ethereum is testing support around $2,700 as selling pressure rises in both spot and derivatives markets. After sliding to $2,660 it rebounded to the $2,700s, but analysts see the level as a key near-term pivot. Open interest has climbed again, and ETH/BTC has recovered from April lows. Data from Binance points to stronger market-sell activity, while reports of whale selling add to pressure alongside a greed reading in sentiment indicators.
