- **Major Holders Sold Ethereum Worth $570 Million**, raising concerns about a possible decline in ETH price. Technical indicators show a bearish sentiment, but the support level around $2,500 is currently holding.

- **Ethereum Futures Show Growth in Long Positions**, indicating positive sentiment among traders. The ratio of long to short positions has risen above 1 for the first time in 11 days, which may indicate a potential price increase.

- **Ethereum Price Forecast**: analysts believe that the rebound from $2,400 is forming a bullish pattern that could lead to a rise to $3,700 in the near future.

- **Ethereum Jumped to $2,700** amid accumulation by large investors. This may signal a shift in the market and increased interest in ETH.

- **Ethereum Pectra Update** has made the network faster and cheaper, but has not yet reduced the risk of correction. Investors are anticipating the second phase of the update at the end of 2025 or the beginning of 2026.

#Ethereum #EarnFreeCrypto2024