Ethereum Dips Below $2,000 for the First Time Since 2023
Ethereum (ETH) has fallen sharply, breaching the $2,000 support level and confirming a bearish outlook. The broader cryptocurrency market has faced heavy selling pressure, with ETH at risk of further losses.
Macroeconomic Concerns Dominate Market Sentiment
Economic policies under the Trump administration are contributing to investor uncertainty. While some experts argue that reducing the national deficit is necessary, the potential for a near-term recession is weighing heavily on markets. The Federal Reserve’s cautious approach to rate cuts is adding to the lack of confidence.
Ethereum’s Path Forward
With ETH trading below key moving averages, analysts warn that the next major support level is at $1,500. If bearish momentum continues, Ethereum could struggle to regain strength in the near term.
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