🆕📰 🔸After losing a major weekly support level near $2,360, the price of Ethereum is now entering a critical phase. This caused a wave of liquidations across derivatives markets and increased the chance of a deeper correction. 🔹The price of $ETH is now close to $1,977 after a high-volume drop that confirmed a lower-high structure on the weekly chart. At the same time, open interest on all exchanges has dropped by almost 50%, the number of active addresses has gone down since early February, and exchange reserves have started to rise again after months of steady losses. 🔸The way they are put together makes it look like this isn't just a normal pullback. Momentum has changed, participation is decreasing, and short-term risk is still skewed downwards unless bulls quickly take back levels they lost. @EdgenTech @ethereum