Ether Falls Below $3,590 Support Amidst Increased Trading Volume

Ethereum experienced a notable decline, dropping 1.5% and breaching the crucial support level at $3,590. The increased trading activity indicates growing bearish sentiment in the market, as evident from rising trading volumes. Notably, major institutional investors like BitMine Immersion Technologies and Republic Technologies continue to accumulate ETH despite this market volatility. This suggests a long-term perspective on Ethereum’s future performance.