Ethereum Slumps Below $2,000 Amid Tech Sell-Off
Ethereum's price fell to $1,880 as it failed to break through the $2,000 resistance level, weighed down by profit-taking and a sharp sell-off in U.S. tech stocks.
The cryptocurrency market sentiment weakened, with Ether showing more caution than Bitcoin, despite $26.3 million inflows into U.S. spot ETH ETFs.
A key support level at $1,850 is crucial to maintain the recovery channel, and if buyers regain strength, Ethereum could rebound towards $1,950 and $2,060.