{"id":3138,"date":"2026-05-15T21:06:22","date_gmt":"2026-05-15T21:06:22","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3138"},"modified":"2026-05-15T21:06:22","modified_gmt":"2026-05-15T21:06:22","slug":"key-ethereum-indicator-signals-possible-correction-as-eth-gives-back-monthly-gains","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/15\/key-ethereum-indicator-signals-possible-correction-as-eth-gives-back-monthly-gains\/","title":{"rendered":"Key Ethereum Indicator Signals Possible Correction as ETH Gives Back Monthly Gains"},"content":{"rendered":"\n
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Ethereum has surrendered most of the gains it recorded earlier this month as renewed market weakness triggered another wave of selling pressure.<\/p>\n\n\n\n

A fresh weekly sell signal is now raising concerns among traders that ETH could be entering another significant correction similar to previous downturns.<\/p>\n\n\n\n

Analyst Identifies Major Ethereum Support Levels<\/strong><\/p>\n\n\n\n

Crypto analyst Ali Martinez revealed that Ethereum has printed a new weekly TD Sequential sell signal, an indicator that has accurately identified several major ETH reversals over the past year.<\/p>\n\n\n\n

According to Martinez, previous buy signals generated on April 14 and June 16, 2025, were followed by rallies of 87% and 134% respectively. He also pointed to a sell signal from August 25, 2025, which correctly preceded a 63% market decline.<\/p>\n\n\n\n

Based on the latest signal, Martinez warned that Ethereum could face deeper losses if bearish momentum intensifies. He highlighted $1,900 as the first major support level, followed by additional downside targets near $1,565 and $1,090.<\/p>\n\n\n\n

The analyst added that the $1,071 area, positioned close to the lower boundary of a broader trading channel, could emerge as a strong long term accumulation zone for ETH buyers.<\/p>\n\n\n\n

Profit Taking Activity Increases on Ethereum Network<\/strong><\/p>\n\n\n\n

Blockchain analytics platform Santiment reported that Ethereum recently recorded its highest realized profits in three weeks, with traders locking in approximately $74.58 million in gains despite the ongoing correction.<\/p>\n\n\n\n

The data suggests many investors who accumulated ETH earlier in the year at significantly lower prices are now taking profits during the latest pullback.<\/p>\n\n\n\n

Santiment noted that Ethereum traded below $2,000 throughout much of February and March, a period when some market participants continued buying despite broader economic uncertainty and geopolitical tensions.<\/p>\n\n\n\n

Many of those holders remain profitable even after ETH\u2019s recent decline and are now beginning to reduce exposure.<\/p>\n\n\n\n

The analytics firm also observed rising on chain transaction activity alongside price compression near the $2,240 region on four hour charts, a pattern that may indicate elevated distribution activity across the network.<\/p>\n\n\n\n

Higher transaction volume often leads to increased realized profits, even when individual trade gains are relatively small.<\/p>\n\n\n\n

Ethereum ETFs Extend Outflow Streak<\/strong><\/p>\n\n\n\n

At the same time, US spot Ethereum exchange traded funds continue experiencing capital outflows.<\/p>\n\n\n\n

Data from SoSoValue showed Ethereum ETFs recorded four consecutive days of withdrawals this week.<\/p>\n\n\n\n

The funds posted $17 million in outflows on May 11 before seeing a much larger $130.6 million exit on May 12, marking the biggest single day withdrawal level since March.<\/p>\n\n\n\n

Negative flows continued with another $36.3 million leaving the market on May 13, followed by an additional $5.65 million in outflows on May 14.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum has surrendered most of the gains it recorded earlier this month as renewed market weakness triggered another wave of selling pressure. A fresh weekly sell...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3138","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3138"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3138\/revisions"}],"predecessor-version":[{"id":3140,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3138\/revisions\/3140"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}