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Ethereum Drops Below $2,500 as Broad Market Correction Takes Hold
Ethereum (ETH) declined 1.35% to $2,420.60, extending the broader weakness across major cryptocurrencies. The asset fell below $2,500 as the crypto market entered a broad correction following a consecutive rally. ETH briefly rebounded toward $79K over the weekend, but renewed pressure from oil, rates, and geopolitical risks pushed it down to approximately $2,430 before a modest recovery. The Fear and Greed Index dropped to 62 from the previous reading of 73, indicating that market sentiment remains in "greed" territory but has cooled significantly. The Fed's hawkish signals and rising U.S. Treasury yields continue to weigh on the second-largest cryptocurrency.