This next Ethereum price move could push 3 million addresses into the red

• Ethereum price is breaking below a significant trend line, hinting at a crash.
• Transaction data shows that roughly 9 million ETH held by 3 million addresses will slip into “Out of the Money” territory.
• A four-hour candlestick close above $1,646 will invalidate the bearish thesisfor ETH.

Ethereum price shows a lack of buying pressure that has resulted in a slip below a significant support structure. If bulls fail to make a comeback at this juncture, things could…