Ethereum ($ETH ) has faced a significant drop below $3,300, with short-term holders selling off more than 120K ETH amid recent market pressure.

🔥 Despite this, large whales have accumulated 210K ETH, which could provide support. However, the formation of a rounded top pattern suggests that ETH may continue its decline towards $3,110, particularly if the $3,216 support level fails. Traders should monitor the $3,110 to $3,350 range for potential buying opportunities, as the accumulation in this area could act as a price floor.

💸✨If ETH manages to break through resistance near $3,550, it may signal a reversal, offering a profitable entry for those watching closely.

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