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Ethereum Slumps Below $2,000 Amid Tech Sell-Off

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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.

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