Ethereum Price Tumbles Below $1,900 Amid Tech Rout

Ethereum's price has retreated to $1,880 after failing to clear the $2,000 barrier, as profit-taking and a sharp U.S. technology-stock sell-off weakened market sentiment.

The Magnificent Seven stocks fell 4.8% on Thursday, erasing about $797 billion in market value, while the S&P 500 dropped 1.2% and the Nasdaq 100 lost 1.9%, according to CoinDesk.

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.