**Cryptocurrency News**

- Ethereum (ETH) has seen a sharp 37% drop, hitting the $2.1K support level, triggering heavy buying and a bullish pullback.

- The daily chart shows that ETH price may be completing a pullback to the lower boundary of the wedge at $2.8K, which may signal a continuation of the bearish trend.

- On the 4-hour chart, ETH has reached a critical resistance zone, which may trigger a further decline towards the $2K support level.

- Futures market analysis shows significant liquidations of long positions, which may indicate a possible bullish reversal in the long term.

Source: CryptoPotato