Ethereum stays under pressure after $1,505 low and 15%+ weekly drop

Ethereum remained weak after last week's selloff, briefly testing $1,505 and continuing to trade below key support zones. BitMine Immersion Technologies said it bought 126,971 ETH last week, lifting total holdings to 5.54 million ETH and about 4.59% of circulating supply. ETH was trading around $1,684, with technicians watching $1,747 and $2,000 as resistance and $1,385 as the next notable support.