Recently, Ethereum’s staking balance decreased by 120K ETH, equating to 192 million USD. Meanwhile, whales have resumed buying 320K ETH, indicating bullish sentiment, which may help stabilize prices despite the potential risks.
If ETH fails to hold the ascending triangle support, it could drop to 1,522 USD. Current market dynamics and futures liquidations of 34.30 million USD heighten volatility, with ETH potentially testing resistance levels of 1,688 USD or 1,800 USD.
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