The crypto market is experiencing increased fear and volatility, with Bitcoin retracing and Ethereum retesting its bullish dominance. Ethereum is down 4.17% in the past 24 hours and 16.49% over the past week. ETH price analysis suggests a possible rally following a triangle breakout pattern. Institutional support for Ethereum remains strong, with BlackRock acquiring $10.65 million worth of ETH and investors purchasing over $500 million worth of Ethereum through Ethereum ETFs in the past week. Ethereum's whale holdings have seen a decline, but holdings in the $1 million to $10 million range have shown stronger hands. The future price direction of Ethereum will depend on whether the local support trend line holds or if it experiences a significant drop.



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