Ethereum Price Drops Below $1,900 Amidst Broad Tech Sell-Off

Ethereum's price retreated to $1,880 after failing to break the psychological $2,000 resistance level. The decline erased part of the recovery that started near $1,560 in late June.

Sellers emerged after ETH reached the $1,935 to $1,950 region earlier this week, and the broader technology-stock sell-off weakened risk appetite. Major U.S. technology companies lost nearly $797 billion in market value during Thursday's session.

The rising open interest and negative funding rates increase liquidation risks as traders build leveraged positions near key price levels.