Summary
Ethereum (ETH) was US$2681.77, down 0.19% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Ethereum is down 0.82% to $2,664.20 in 24h, closely tracking a broader market pullback led by Bitcoin's 1.8% decline. The move was primarily driven by a risk-off sentiment across crypto, amplified by a derivatives liquidation cascade. 1. **Primary reason:** Broader market correction, as Ethereum moved in lockstep with Bitcoin amid heightened macro uncertainty and a flash liquidation event. 2. **Secondary reasons:** Technical rejection from a key supply zone ($2,722–$2,822) and cooling momentum after last week's strong ETF inflows. 3. **Near-term market outlook:** If ETH holds above the $2,635 swing low, it could retest $2,700; a break below risks a drop toward $2,500. The key trigger is Wednesday's U.S. PCE inflation data.