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Forex

Ethereum Price Hits 6-Month Low Amid Macroeconomic Headwinds

Guavy AI Editorial Team
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USD
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The Ethereum price has declined to $1,844.64 USD on August 3, amid growing concerns about macroeconomic headwinds and slowing institutional demand.

The cryptocurrency's recent pullback has been attributed to higher US Treasury yields, weaker spot ETF flows, and softer blockchain activity.

Despite holding above key support levels, Ethereum continues to trade below the $1,900 resistance level, limiting its chances of a near-term breakout.

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