Ether could see a significant amount of sell pressure unlock at 8:00 p.m., despite ETH fractals pointing at an imminent breakout.
Over $350 million worth of Ether tokens are set to be unlocked in the next nine hours, threatening to lower the ETH price below a critical support level.
A total of 145,380 Ether (ETH) is set for withdrawal at 8:00 pm UTC, threatening an additional $353 million worth of selling pressure for the world’s second-largest cryptocurrency, according to Token Unlocks data.
While Ether withdrawals don’t necessarily translate into selling, a significant part of these tokens could still end up being sold on the open market.
