Ethereum has fallen roughly 15% over the past month and currently trades just above $2,300. According to analyst Ali Martinez, large investors reduced their exposure by 160,000 ETH, worth nearly $350 million, in five days, while exchange balances increased by 100,000 ETH. The loss of the $2,385 support level and a weakening daily technical setup could push ETH toward $2,000 if selling pressure persists. Conversely, an anonymous investor opened a $45 million long position with 25x leverage, while the relative strength index, at just above 30, indicates that the asset is near oversold territory and could rebound in the short term.
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