The price of Ethereum (ETH) has dropped significantly, with a decrease of around 8.86% to $2,512.97. This drop is attributed to increased selling pressure and a decline in institutional investor confidence, as reflected in the decrease in the number of Ethereum whales over the past 7 consecutive days. Key support levels to watch are $2,679 and $2,479. If ETH manages to break through the resistance at $2,900, the potential for a rise towards $3,000 opens up. However, if selling pressure continues to increase, further declines may occur. Investors need to monitor these key levels to determine the appropriate trading strategy ¹ ².$ETH