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Ethereum fails to break above $2,400 as on-chain, ETF and derivatives metrics weaken

Ethereum failed to clear resistance at $2,400, prompting warnings it could slide below $2,000. Cointelegraph reported that as prices corrected, network activity, staking flows and U.S.-linked selling indicators worsened at the same time. On-chain transactions, active addresses and fees fell, while Ethereum-based DEX volumes and total value locked declined. Unstaking queues surged, though staking entry demand remained. U.S. spot ETFs posted net outflows, and derivatives data pointed to selling dominance.