Ethereum (ETH) is at risk of having its worst February if its price falls below the critical $2,400 support level. Currently, ETH is facing downward pressure, with analysts warning that a sustained drop below this level could trigger further declines, potentially testing $2,100. While on-chain activity, including a rise in new addresses, suggests underlying network strength, declining whale activity and outflows from Ethereum ETFs indicate bearish sentiment. If ETH fails to hold above $2,400, it could lead to increased volatility and further downside in the near term.$ETH

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