Ethereum has dropped to the $2,300 region after briefly reclaiming $2,400 on Thursday. The top altcoin has been facing pressure near $2,380, which aligns with a key technical resistance, closing the daily candle below this psychological level. The key resistance level is stuck between the cost basis of two cohorts, wallets with a balance of 10K-100K ETH and 1K-10K ETH at $2,324 and $2,436. Ethereum faces selling pressure around $2,400 Ethereum is down by 1.5% in the last 24 hours and is now trading below $2,400. The price rejection comes as whales are starting to book profits following Ether’s recent rally.
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