Ethereum’s Market Order Imbalance Hits Record Negatives: $1,850 Is Now The Line In The Sand

Ethereum's Net Taker Volume hit record negative levels in February, indicating severe liquidation-driven selling from $3,300 to $1,850 levels. While ETH attempts to stabilize around $2,000, the technical structure remains bearish with price below all major moving averages and $1,850 serving as a critical support level.

• →Ethereum's Net Taker Volume reached its most negative reading since November, reflecting panic-driven selling and forced liquidations.
• →ETH declined sharply from $3,300 highs to around $1,850, with aggressive sellers dominating order books throughout the move.
• →The cryptocurrency is currently struggling to reclaim $2,000 while trading below all major moving averages in a confirmed downtrend.
• →Extreme negative taker volume often signals capitulation but does not guarantee a reversal without sustained aggressive buying.
• →The $1,850 level represents critical support, with failure to hold current ranges potentially reopening deeper downside risk.