Ethereum Price Falls to $1,880 as Tech Rout Tests Support

Ethereum's price retreated to $1,880 after failing to break through the key resistance at $2,000. The tech rout on Wall Street added pressure during Thursday's session, with the Magnificent Seven stocks falling 4.8% and erasing about $797 billion in market value.

The S&P 500 dropped 1.2%, while the Nasdaq 100 lost 1.9%. Alphabet's decision to raise its 2026 capital-spending forecast to as much as $205 billion and weaker-than-expected profits at Tesla drove the equity decline.

Ethereum absorbed a steeper loss than Bitcoin, which held near $65,400 with a decline of less than 1%. The difference showed that investors remained more cautious toward altcoins as capital moved away from riskier trades.