$BTC ETH maintains support at $2,400 despite a 15% drop in price and $277 million in liquidations.

The growth of layer 2 networks and inflows into spot ETH ETFs sustain investor confidence in Ether.

Ether (ETH) failed to maintain the bullish momentum that reached a high of $2,880 on Wednesday, although it also showed resilience near the $2,450 level. While investors are not particularly enthusiastic about the current price, derivatives metrics indicate growing confidence.