Ethereum Tanks to 2-Month Low: Whales Return but Sub-$2K Fears Mount

📉 Ethereum's price has plunged to just over $2,000, marking its lowest point in nearly two months and a 17% drop from its recent high of $2,425.

🔍 Analysts warn that if ETH falls below the psychological support of $2,000, further significant corrections could follow, as over $250 million in ETH long positions were liquidated during the decline.

🐋 A notable OG whale has re-entered the market, purchasing over $8 million worth of ETH at around $2,050, signaling potential confidence amidst the downturn.