Ethereum (ETH) is experiencing downward pressure, currently trading around $2,726 after a 3.68% decline. The recent Binance security breach, which resulted in the theft of 401,346 ETH ($1.5B), has contributed to the drop, triggering market uncertainty. Despite Binance securing a bridged loan, concerns remain about potential volatility. If ETH holds support at $2,300, analysts predict a possible rebound to $4,000. However, failure to sustain key levels could lead to further declines. Market sentiment, whale activity, and macroeconomic factors will play a crucial role in ETH’s short-term direction. Traders should watch on-chain signals and technical levels closely.
