### **1. The price has significantly fallen, dropping below $3,500**
- On August 2, the price of ETH fell to $3,431, marking a recent low, down over 5% from the previous day.
- Market analysis suggests that this fall is mainly influenced by the overall weakness of the cryptocurrency market, including:
- **Macroeconomic Factors**: Weak U.S. non-farm payroll data (only an increase of 73,000) triggered market panic, causing Bitcoin (BTC) to fall to $113,000, driving ETH down.
- **Political Uncertainty**: Former U.S. President Trump announced the dismissal of the Director of the Bureau of Labo
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