Ethereum Faces Second-Highest Yearly Sell Wave — Is $5,000 Still In Play?

Ethereum corrected by over 2% in the past 24 hours, briefly dipping below $4,500 before rebounding to trade above $4,600. The drop came amid a broader crypto market slide that erased over $240 billion in value and triggered nearly $1 billion in liquidations. Yet, despite the heavy selling pressure, Ethereum’s on-chain and technical signals suggest bulls still hold the upper hand. Second-Highest Yearly Exchange Inflow Signals Selling Pressure Ethereum saw 2,594,168 ETH move into exchanges on August 14, marking the second-highest single-day exchange inflow of 2025, trailing only February 3’s 3,264,688 ETH spike source: https://beincrypto.com/ethereum-price-yearly-sell-wave-5000-target/