Ethereum ($ETH) is facing critical pressure as its price approaches key support at $2,400. Currently trading at $2,418, it has seen an 8.56% drop over the past week. Market analysis suggests that if Ethereum breaks below this level, it could decline further, potentially testing support at $2,350, $2,150, and $1,900. Indicators like the MACD and EMAs show a bearish outlook, with growing selling pressure. The market is also seeing heightened volatility in Ethereum options, reflecting broader uncertainty.

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