According to Glassnode data, this rise shows LTHs losing confidence and liquidating their coins. Ethereum Liveliness is calculated as the ratio of coin days destroyed to coin days accumulated. When this ratio increases, distribution rises, and the accumulation phase ends. 

CMF Remains in Negative Territory 

The Chaikin Money Flow (CMF) indicator is currently at -0.08. A negative CMF signals reduced capital inflow to ETH and declining buying interest. This decline suggests most Ethereum investors prefer to stay on the sidelines due to market stagnation. Falling buying interest combined with selling pressure increases downward price pressure on ETH. 

New Lows Possible for Ethereum Price 

ETH is currently trading around $2,429. If LTH selling continues, the price could drop to $2,185 and then to $2,027. These levels are short-term support zones. According to FXStreet data, 72,000 ETH entered exchanges on June 20, indicating LTHs are preparing to sell and increasing market selling pressure. TradingView data shows Ethereum is the second most traded cryptocurrency with about 552K active addresses, reflecting direct trading activity only. 

Additionally, the daily (14-period) RSI for Ethereum was about 46.5 on June 21, 2025, a neutral zone around 50, indicating neither oversold (<30) nor overbought (>70) conditions. 

However, a potential demand rebound could reverse this downtrend. With renewed investor interest, ETH price could rise up to $2,745. For this scenario, market momentum must strengthen. 

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The post Ethereum Liveliness Record and Selling Pressure Together! appeared first on Coin Engineer.

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Traders More Likely to Short BONK Rather Than Long

As reported by CoinMarketCap, BONK, previously prominent in the Memecoin space, has suffered a significant drop in value, losing 10.30% in the last 24 hours. At the same time, BONK’s trading volume decreased by 45.24% to 121.65 million at the time of writing.

This significant price drop follows a brief rally earlier in the year, and BONK has struggled to gain momentum since January 11. During this time, the cryptocurrency has exhibited numerous lower highs and lower lows, indicating a bearish trend.

In terms of technical indicators, BONK’s Relative Strength Index (RSI) has dropped from 68.30 to 52.95 in recent days. The decline in RSI signals weakening upside momentum and a potential increase in selling pressure. Additionally, Chaikin Money Flow (CMF) for BONK fell from 0.22 to 0.03, indicating a decrease in the strength of money flowing into the asset and a potential shift in market sentiment towards selling.

As for investor sentiment, short positions against BONK increased to 52.6% at the time of writing. This increase in short positions indicates a growing bearish sentiment, with traders expecting its price to fall further.

The post Short Positions Increase for BONK appeared first on Coin Engineer.