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Ethereum Defends Key $2,370 Support as Exchange Reserves Drop to Multi-Year Lows

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The Story

News Summary

  • Ethereum consolidates near key support around $2,370 following leverage liquidations.
  • Despite recent ETF outflows and lagging volume indicators, declining exchange reserves and reduced leverage ratios offer a constructive backdrop for a sustained recovery if critical levels hold.
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ETHUSD price history

2515.30 +30.28% over the displayed period

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