<ul><li>Ethereum is facing pressure as it mirrors the general performance of the crypto market, with a 2% drop and the total market cap at $2.17 trillion.</li><li>The $2,350 level has emerged as a support level for Ethereum, with 1.89 million ETH bought at that price range by 1.8 million addresses.</li><li>The $2,100 to $2,350 zone will determine the medium to long-term trend for Ethereum, with the possibility of a rally above $2,800 or a sharp dump below August and September lows.</li><li>Sellers currently have the upper hand, as evidenced by massive outflows from centralized exchanges and the selling activity of market makers.</li></ul>

Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?

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