Ethereum Price Prediction: ETH Dropped 7.3% This Week Following BTC’s Nose Dive – What Do the Whales Do?

“`json
{
“title”: “Ether Market Analysis: 7.3% Weekly Decline Tests Key Support Levels Amid Bitcoin Volatility”,
“content”: “Ethereum experienced a significant 7.3% price correction over the past week, mirroring broader market turbulence initiated by Bitcoin’s substantial sell-off. The second-largest cryptocurrency by market capitalization breached crucial technical trendlines and is currently testing the critical $2,730 support level, a threshold that market analysts are closely monitoring for potential directional signals.\n\nThe recent market movement has triggered notable activity among major Ethereum holders, with blockchain data revealing whale transaction volumes reaching their highest levels in multiple years. This substantial increase in large-scale transactions suggests sophisticated investors are actively repositioning their portfolios during this period of heightened volatility.\n\nTechnical analysts highlight that maintaining the $2,730 support zone is essential for preventing further downside momentum. Should this level fail to hold, the next significant support appears near the $2,550 range. Conversely, a successful defense of current levels could pave the way for consolidation and potential recovery toward the $3,000 psychological barrier.\n\nMarket observers are carefully analyzing on-chain metrics and exchange flow data to gauge whether current whale activity represents accumulation or distribution patterns. The coming trading sessions will be crucial in determining whether Ethereum can establish a solid foundation for recovery or faces additional pressure from the broader cryptocurrency market correction.”,
“tags”: [“Ethereum Price Analysis”, “Cryptocurrency Markets”, “Technical Analysis”, “Market Volatility”, “Blockchain Metrics”]
}
“`