Massive ETH Exit: Will Ethereum Plunge to $2,800 This Week?

Ethereum price dropped by 0.7% in the past 24 hours, trading at $3,640 on July 24. The sudden validator exit raised concerns of a deeper correction, possibly to $2,800. Meanwhile, LF Labs (LF Coin) celebrates its fourth anniversary with strong fundamentals and promising long-term tokenomics.

Ethereum Faces Bearish Pressure Amid Record Validator Exit

Ethereum experienced a sharp fall from $3,681 to $3,515, unsettling long buyers across the market. The surge in validator exits, now over 640,000 ETH, indicates potential selling pressure. If ETH continues downward, it may revisit the $2,800 level, a critical former resistance zone.

This area has not been retested since ETH broke above it earlier this month, making it a technical level to watch closely. Should Ethereum fail to hold $2,800, the demand zone between $2,500 and $2,600 could act as support. A strong rebound from either level might fuel a rally toward the $6,000 target.

However, ETH’s Chaikin Money Flow (CMF) remains positive, indicating that bulls still have market control. This suggests Ethereum could skip the retest entirely and maintain its uptrend. Regardless, short-term volatility may persist until validator activity stabilizes.

Source: TradingView

LF Coin Holds Long-Term Promise with Strategic Ecosystem Growth

LF Labs offers a more structured and utility-driven proposition compared to speculative tokens. The platform powers real products including crypto-to-fiat PoS machines, LF Wallet use, and market-making support for startups. These features create sustainable value and give LF Coin a strong foundation.

LF Coin trades at $0.000663, down 10.19% today, with a market cap of $1.97 million and over 2.98 billion coins in circulation. Despite the short-term dip, LF Labs is preparing for 20 exchange listings on July 30 to celebrate its anniversary. This momentum aligns with LF Labs’ mission to back real utility and liquidity in Web3.

LF Coin’s tokenomics reflect a clear focus on community ownership and decentralization. With 60% of tokens allocated to the public, the team and contributors will each receive 15%, while 10% is reserved for public sales. This distribution model encourages grassroots support and long-term adoption across its ecosystem.

Ethereum Still Bullish, but Watch for Key Price Levels

While Ethereum remains in a bullish structure, the validator exit queue could lead to near-term downside risk. If whales or institutions buy the dumped ETH, support at $2,800 could hold strong. A sustained defense here would reaffirm bullish momentum and pave the way toward higher targets in Q3.

Related: Massive Gains Ahead? LF Coin Rides Litecoin Wave Toward $200+