Ethereum

The cryptocurrency market is currently experiencing a familiar lull, reminiscent of previous cycles at the start of the month. After a brief surge on Saturday, activity has slowed down significantly over the past day. Traders are keeping a close eye on the US crypto scene, especially with potential influences like Federal Reserve rate cuts and upcoming elections that could sway prices.<a href="https://optimisus.com/news/crypto-news/investors-withdraw-over-750m-in-ethereum-from-exchanges/" rel="noopener noreferrer nofollow">Ethereum, the leading altcoin</a>, has been on a downward trend, recently hitting a crucial support level of around $2,400. While it saw a slight uptick of 0.54% in the last 24 hours, it remains firmly at that $2.4K mark.The price movement over the past day started at $2,452, peaking at $2,470, with current trading sitting at approximately $2,460. Notably, trading volume for Ethereum has jumped by over 26%.Recent days have seen significant sell-offs, with the Relative Strength Index (RSI) indicating a value of 43.77. In a noteworthy development, prominent trader Wintermute transferred a substantial amount of Ethereum—29,317 ETH valued at around $71.85 million—into Binance, reducing his holdings to 4,921 ETH.https://twitter.com/OnchainDataNerd/status/1853283519197557167Looking ahead, market analyst Ali (&#64;ali_charts) has shared insights on Ethereum&#39;s risk-to-rewar

Ethereum plummets to a critical support level of around $2,400

Optimisus

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