Ethereum’s price is currently about 2,476 USD, struggling against resistance levels. Increased selling activity from long-term holders, with substantial ETH sent to exchanges, indicates waning investor confidence. If ETH falls below 2,344 USD, it may decline further to around 2,205 USD.
Despite current bearish signals, there remains potential for Ethereum to rebound. A positive sentiment shift could see prices rally toward 2,606 USD or 2,681 USD, countering the prevailing bearish trend if selling pressure decreases.
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