**Ether Faces Resistance and Potential Sell-Off: What’s Cooking? 🍳**

- **Price Check**: Ether hit a roadblock at £2,768 on Oct. 21, dropping 6.5%. The ETH Coinbase Premium Index dipped below its 14-day SMA, hinting at a potential sell-off.

- **Supply Surge**: ETH supply on exchanges hit a four-week high of 15.8 million, signaling possible selling intentions.

- **TVL Woes**: Ethereum’s total value locked (TVL) has been on a rollercoaster, dropping 57% since June. High transaction fees aren’t helping either.

- **Bearish Pattern**: An inverted V-shaped pattern suggests a potential 10% drop ahead, with key levels to watch at £2,660 and £2,768.

Stay tuned, and keep those wallets ready!