The Ethereum (ETH) price has been under selling pressure and struggling to reclaim the $2,300 support level, leading to concerns of a potential crash to $2,000. However, despite the price decline, there has been a significant increase in network activity on the Ethereum blockchain, with a spike in new ETH wallets being created. Ethereum whales are also making a comeback, with one accumulating 5,000 ETH tokens. The current price is at $2,297, and the support levels are at $2,150 and $1,930. Additionally, there has been attention on a multi-signature wallet associated with Ethereum co-founder Vitalik Buterin, which has been selling ETH tokens. The rising supply and bearish sentiment within the Ethereum community are contributing to downward price pressure. Maintaining key support levels will be crucial in determining Ethereum's next move.



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