Ethereum is under significant selling pressure, trading near $2,120 after losing key support levels. The recent $11.5 million exploit of the Verus-Ethereum bridge has added uncertainty, weakening market sentiment. Technical indicators show Ethereum struggling below major exponential moving averages, with the $2,000 support zone at risk. Open interest remains high at nearly $30 billion, indicating potential for liquidation-driven volatility. The Verus bridge exploit, which involved a flaw in payout validation, has further dampened investor confidence. Ethereum's immediate support is at $2,089, with resistance at $2,168 and $2,217. A failure to hold current support levels could see Ethereum testing the critical $2,000 mark.