The price of Ethereum has dropped 13% in the past week, reaching its lowest level since December 2023 at $1,997. The cryptocurrency is trading below its Ichimoku Cloud and may soon drop below the critical $2,000 support level. The falling prices have resulted in many holders incurring losses, with only 50% of ETH wallet addresses currently in profit. If the selling pressure continues, the $2,000 support may not hold, potentially leading to further losses. However, if market sentiment improves, there is a possibility of a positive shift and the price could reach $2,224 or even $2,500.



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