Ethereum (ETH) is under pressure, with forecasts suggesting a 15% drop to 1,500 USD if it breaches the support level of 1,770 USD. Intraday traders are predominantly shorting ETH, indicating strong bearish sentiment.
The recent U.S. Tariffs have negatively impacted cryptocurrencies. A crypto whale recently withdrew 2,774 ETH, suggesting opportunistic accumulation despite the bearish market outlook.
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