Ethereum (ETH) Price: Whales Buy the Dip as ETH Slides Below $2,400
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TLDR ETH fell about 5% in 24 hours to roughly $2,370, with $93 million in liquidations. Exchange reserves dropped by 170K ETH to 14.882M ETH over 48 hours. Whale wallets are buying ETH, including one that swapped 246.25 BTC for 8,286 ETH. ETH is trading below its 20-day and 50-day moving averages, with $2,355 as near-term support. Analysts Ted and Aralez see different paths: a possible 7%-10% drop or a move toward $3,000. Ethereum (ETH) dropped below $2,400 on Thursday as renewed US-Iran tensions and concerns about AI-related spending hit the crypto market. The second-largest cryptocurrency fell about 5% in 24 hours and traded near $2,370. That erased gains from the previous two days. According to Coinglass, the drop triggered $93 million in ETH liquidations.
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