Long-term holders of Ether have been selling 45,000 ETH daily, adding to sell-side pressure. The 50-week EMA and bear flag breakdown signal a target of $2,500 for Ether. Analysis shows seasoned investors are offloading ETH, with $140 million leaving wallets daily, marking the highest spending level since 2021.

Ethereum ETFs experienced $259 million in net outflows on Thursday, the worst day since October. A cumulative $1.42 billion outflow from Ethereum ETFs since early November indicates strong institutional selling pressure. Onchain data shows a 21% drop in Ethereum’s total value locked over the last 30 days, with network fees decreasing by 42%.

Ethereum’s price weakness around $3,000 is reinforced by declining fees and rising market fear levels. Analysts warn that a clear bullish shift is needed to prevent further downside, with the 50-week EMA at $3,350 as a key level to watch. A bear flag breakdown could lead to a 23% drop to $2,280 if $3,000 support is lost.

Read more at Cointelegraph: Long-term holders offload 45K in ETH per day: Will Ether’s price crash?