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Ethereum drops below $2,100 as whale moves $128M amid bearish U.S. investor sentiment

Market News
07 Apr 2026
AMBCrypto
View Source
Bearish
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Ethereum's price fell from $2,171 to around $2,100, slipping below its 50-day EMA and signaling a potential bearish trend. A whale transferred 60,001 ETH worth $128.8 million to Coinbase, indicating possible selling pressure that could deepen the market decline. U.S. investors show bearish sentiment with a negative Coinbase Premium Gap, while some whales accumulate around the $2,100 level. If bearish pressure continues, Ethereum may trade between $2,100 and $2,300 or drop to $1,980 if demand weakens further.

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