Ethereum Drops Below $2,400 Amid Broader Crypto Market Liquidation
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Ethereum fell below the $2,400 mark as macroeconomic pressures and a broader crypto market sell-off triggered significant liquidations across derivatives. Ethereum dropped below the $2,400 threshold during the morning trading session, reflecting a severe wave of selling pressure that swept across the wider cryptocurrency market. The second-largest digital asset by market capitalization shed significant value over a 24-hour window, dragging total market valuations lower and testing key technical support levels monitored closely by traders and analysts. According to market tracking data, the sharp downturn triggered a cascade of forced liquidations across major derivatives exchanges.
Source: Cryptopress
