Ethereum Breaks Below Crucial $2,000 Level
Ethereum ’s (ETH) price has fallen sharply, breaking below $2,000 and signaling continued bearish pressure in the crypto market. This decline comes amid a wave of selling that has affected most major digital assets, raising concerns about where ETH is headed next.
Recession Fears Dominate Market Sentiment
Investors are increasingly worried about economic instability as the Trump administration pushes for aggressive fiscal policies. While reducing the national deficit is a long-term positive, the potential short-term recession is driving uncertainty. The Federal Reserve’s approach to rate cuts remains cautious, leaving the market without clear direction.
Ethereum’s Next Support Zone Lies at $1,500
With Ethereum struggling below key technical levels, traders are watching the $1,500 support zone closely. If market conditions remain weak, ETH could face further declines, testing its mid-2023 lows.
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