Ethereum drops below $2400, hitting a 7-month low, due to a market-wide crash. It has fallen over 10% in 24 hours and approximately 18% in a week. The Federal Reserve pauses rate cuts, and Middle East geopolitical tensions intensify. Over 70,000 ETH transferred to exchanges within 3 days, support at $2700 was broken, and $550 million long positions were liquidated.
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Ethereum drops below $2400, hitting a 7-month low, due to a market-wide crash. It has fallen over 10% in 24 hours and approximately 18% in a week. The Federal Reserve pauses rate cuts, and Middle East geopolitical tensions intensify. Over 70,000 ETH transferred to exchanges within 3 days, support at $2700 was broken, and $550 million long positions were liquidated.