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Ethereum Price Analysis: Vitalik’s Network Updates Disrupt ETH Markets as Whale Demand Plunges 22% in January 2025

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Summary
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71% Informative

ETH price plunged below $ 3,150 on Saturday, Feb. 1 , as crypto markets retreated after a volatile week .

On-chain data trends suggest declining whale demand for ETH could exacerbate the market dip in the days ahead .

Bitcoin dropped below $ 102,000 and other leading altcoins facing similar sell-offs.

If buyers regain control and push ETH above the $ 3,272 resistance, it could trigger a short-term recovery.

However, unless sentiment shifts decisively, ETH remains vulnerable to further downside.

The critical support level for ETH right now is$3,100, the key support level.

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