Ethereum pulled back to around $2,100 on Friday, failing to hold onto the gains from the February high near $2,390. Despite support from institutional buying and whale accumulation (including BitMine Immersion purchasing nearly 61,000 ETH), macro headwinds and net outflows of approximately $192 million from US spot ETFs over two days have weighed on the price. The price is currently testing the key support level at $2,110. Should this support break, it could decline further to $1,740. Resistance remains near the recent high of $2,390.

ETH0.49%
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