Data: Long-term holders of ETH are selling 45,000 ETH daily, and Ethereum is approaching the key support level of $3,000

According to a report by Cointelegraph citing Glassnode data, long-term holders (addresses holding for more than 155 days) are currently selling approximately 45,000 ETH daily, equivalent to about $140 million. Analysis indicates that this is the highest level since 2021, suggesting a weakening bullish momentum.

Technical trends show that if the key support level of $3,000 is broken, it could trigger a downward target of around $2,500 or even lower.