Crypto
Ethereum Corrects Lower Amid Macro Uncertainty
Ethereum (ETH) is experiencing a correction lower toward support at $2,400 on Friday as volatility rises in the broader cryptocurrency market.
The largest smart contract token faced rejection after rising to $2,546 earlier, hinting at profit-taking and investors adopting a cautious stance amid macroeconomic uncertainty.
Despite this, Ethereum's outlook remains grounded in risk-on sentiment, with the Fear & Greed Index sitting at 74 in the Greed territory on Friday, up from 65 the previous day.