The Ethereum cryptocurrency has recently experienced a pullback after failing to surpass the $2,500 resistance level. However, there are signs of a potential recovery. Investor behavior, particularly among whale addresses holding between 10,000 to 100,000 ETH, has shifted, with selling pressure easing in the past 24 hours. This change in sentiment and the pause in selling by long-term holders (LTHs) could provide support for Ethereum's price stability and potential upward momentum. ETH is currently attempting to secure $2,344 as a support level and if successful, it could target $2,549 and potentially rally further. On the other hand, failing to hold $2,344 could lead to a decline with $2,170 as the next major support level.



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