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Ethereum Price Drops Further Amid Surging Market SellOffs

  • Ethereum has seen a modest price increase of 0.54% in the last 24 hours.
  • The altcoin remains at the $2.4K level after hitting key support levels at $2,400.
  • Major sell-offs have been observed in Ethereum, with a prominent trader depositing 29,317 ETH worth $71.85 million into Binance.
  • Analysts predict a risk-to-reward ratio for Ethereum ranging from $1,880 to $6,110, indicating potential capital influx and loss.

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