Crypto news: The price of Ethereum faces downside risk in the near term and could fall to $1,800 due to the break of its ascending channel. On Wednesday, the Ethereum price came under pressure, trading at about $2,129, down roughly 12% from the recent high of $2,420. Market risk appetite has declined, driven by rising U.S. Treasury yields and ETF outflows, and traders are closely watching whether Ethereum can hold the psychological support level of $2,000. Analysts said weak ETF demand is related to the lack of staking rewards, leading institutions to be more inclined to invest in Bitcoin.

ETH0.18%
BTC0.16%
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BridgeAnxiety
· 3h ago
1800? If it hits that level, I'll go all in.
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PerpNightwatch
· 3h ago
The term "psychological support level" has become tiresome; actual support depends on the funds.
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AprWhisperer
· 3h ago
Fell from 2420 down by 12%, and a further 10% drop would bring it to 1800, math is really great.
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WatchingWhalesUnderTheNeon
· 4h ago
ETFs without pledge rewards indeed discourage institutions; Ethereum needs to find a solution.
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GoldfishOnIce
· 4h ago
I think it will break 2000, then V rebound.
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BridgeBurner
· 4h ago
Position 2129 is very awkward, neither high nor low.
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GateUser-76dcd439
· 4h ago
U.S. Treasury yields are acting up again, risk-off mode triggers a full sell-off.
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