Crypto

Ethereum Price Drops Below $2,700 Amid Weak US Jobs Report

Guavy AI Editorial Team Published October 2, 2026

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ETH

Ethereum's price has declined below $2,700 after a weak US jobs report failed to lift market sentiment.

The economy added only 29,000 jobs in September, falling short of expectations and causing rate-hike expectations to drop from above 70% to 23.8%, according to the CME FedWatch Tool.

US spot ETH exchange-traded funds (ETFs) have seen three consecutive days of net outflows totaling $117.7 million, per SoSoValue data.

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