Ethereum ’s Price Drops to 2023 Levels
Ethereum (ETH) has dropped below $2,000, marking its lowest level since late 2023. This selloff has rattled the crypto market, which had hoped for a stronger recovery following recent bullish developments. However, macroeconomic uncertainties have overshadowed these factors, leading to renewed selling pressure.
Market Worries Over U.S. Economic Policies
The Trump administration’s economic strategy, which includes trade restrictions and deficit reductions, has fueled recession fears. While these policies could benefit the economy in the long term, they are causing short-term uncertainty. Meanwhile, the Federal Reserve’s stance on rate cuts remains unclear, limiting hopes of immediate financial relief.
Ethereum’s Support Levels Under Threat
With ETH struggling to hold its ground, analysts are eyeing the next major support level at $1,500. If bearish momentum continues, Ethereum could face further losses in the coming weeks, leaving investors cautious about its near-term prospects.
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