Ethereum Faces $418.8M Sell-Off, Testing Critical $4K Resistance

* Ethereum's Net Taker Volume drops to -$418.8 million, the second-largest daily sell imbalance on record. * Analysts warn of a 25%-35% decline as ETH tests critical resistance near $4,000. Ethereum's native token, ETH, is facing significant selling pressure that could mark a local top in its price. This concern follows a report from Cointelegraph on August 6, 2025, that the Net Taker Volume for ETH plunged to -$418.8 million. This figure represents the second-largest daily sell imbalance ever recorded, with traders selling 115,400 more ETH than they purchased through market orders in a single day. This sell-off comes as ETH tests a key resistance zone between $3,600 and $4,000, a level that has historically acted as a price ceiling and has often preceded major pullbacks. For instance, after ETH faced significant resistance in this range in December 2024, its price subsequently declined by 66%. Pointing to bearish indicators, analysts suggest ETH could see a sharp 25%-35% correction in the coming months, a move that would align its price with key exponential moving averages (EMAs). These levels, with the 50-week EMA currently at $2,736 and the 200-week EMA at $2,333, may act as potential support zones if a decline occurs. If the current selling pressure continues, analysts project this drop could happen as early as September or October. According to CoinMarketCap on August 6, Ethereum (ETH) traded at $3,627.16 as of 15:09 UTC, while its 24-hour trading volume increased by 0.9%.