Can the 2000 hold or not? We'll see by the end of this week.

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.