Ethereum slides near $1,760 as "7 Siblings" borrows $20M USDT to buy 2,254 ETH
Ethereum has broken below key support and is trading near $1,760 after rejecting the $2,300-$2,400 zone, while momentum gauges sit in deeply oversold territory. Amid the selloff, the on-chain entity known as "7 Siblings" borrowed an extra $20 million in USDT from Spark and has bought 2,254 ETH for about $4 million, with roughly $16 million still available for future buys.