The Ethereum price has dropped by 5% to trade at $3,057, amid concerns over a broader market downturn due to the Chinese AI advancement "DeepSeek." Two notable transactions, including one by Cumberland worth $54.41 million and another by the Ethereum Foundation, have raised concerns about a prolonged downfall. The series of highs and lows in the Ethereum price indicate a sustained downfall and the formation of a falling wedge pattern. If large holders continue to sell, the price may further correct below $3,000 and seek support near $2,700. Conversely, an upside breakout of key resistance could accelerate buying pressure and lead to a $4,600 rally.



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