Ethereum (ETH) has entered a decisive phase after a sharp sell-off erased much of its recent gains and pushed the price toward the closely watched $2,200 level. The move followed repeated failures to break above the $2,500–$2,550 zone, triggering liquidations. Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers With large holders taking opposing positions and on-chain data flashing caution, ETH is now at a point where both downside risk and rebound potential remain firmly in play. ETH's price records major losses across the board
source: https://www.newsbtc.com/news/ethereum/ethereum-faces-high-stakes-moment-at-2200-as-whale-longs-clash-with-bearish-flow-data/