Ethereum ETH Faces Renewed Pressure While EV2 Presale Progresses During Market Consolidation

Ethereum moved lower over the past 24 hours after once again failing to sustain a move above the $3,000 level, extending a period of short-term weakness across the broader digital asset market. The pullback unfolded due to rising trading activity, increased derivatives participation, and renewed liquidation pressure, while developments in the Web3 gaming sector continued to advance during the same phase of market consolidation.

Ethereum Price Decline Accompanied by Higher Activity

Ethereum declined by 3.7% over the past day, with trading volumes rising 16% and reaching roughly 6% of the asset’s circulating market capitalization. The downturn coincided with $266 million in long liquidations across the crypto market, with Ethereum accounting for a large share of the wiped positions.

ETF-linked flows recorded a shift despite the price weakness. After seven consecutive days of net outflows totaling nearly $700 million, Ethereum-focused exchange-traded funds recorded $86 million in net inflows during the most recent session. The reversal occurred as overall market sentiment remained subdued following the Federal Reserve’s latest interest rate cut. The Fear and Greed Index stayed in panic territory at 29, although this marked an improvement from a recent low of 11.

Futures Market Signals Increased Participation

Derivatives data points to rising trader engagement even as spot prices continued to trend lower. Data from CoinGlass shows Ethereum open interest increasing from 10.9 million contracts in mid-October to 12.9 million contracts at the time of reporting. The rise shows higher participation levels in the futures market, though the data does not show whether new positions are predominantly long or short.

According to CoinMarketCap, Ethereum was trading at $2,931.38, with a 24-hour trading volume of $20.54 billion. The asset remains ranked second by market capitalization at approximately $354.0 billion, supported by a circulating supply of about 120.7 million ETH.

EV2 Presale Developments During Market Consolidation

Alongside Ethereum’s price movement, activity in the Web3 gaming market continued to progress. The EV2 (Earth Version 2) presale advanced during the broader market consolidation, operating under a staged structure that differentiates early and later participation. 

The token is priced at $0.02, with a minimum purchase requirement of 5,000 tokens, with the project reporting raising more than $2 million during the current market cycle.

EV2 is positioned within the blockchain gaming space with plans for multi-platform distribution, including PC releases and later console availability. The development roadmap outlines early access targeted for Q4 2025, followed by expanded marketing initiatives in Q1 2026 and a broader game release alongside a token-generation event in Q2 2026.

The project allocates 40% of a fixed 2.88 billion token supply to presale participants, with the remaining supply designated for development, ecosystem growth, and long-term sustainability. EV2’s design approach focuses on simplifying blockchain mechanics for users while integrating token utility into gameplay elements such as upgrades, crafting, and in-game marketplaces.

For More Information about EV2, visit:

Website: https://ev2.funtico.com/       

Telegram: https://t.me/EV2_Official  

 Twitter/X: https://x.com/EV2_Official