Ethereum may fall to $2,000 as whale holdings drop and support breaks

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, may be headed for a decline toward $2,000 based on recent on-chain trends and key support level breakdowns observed by market analysts. ETH traded at $2,320 after experiencing a 1.37% drop in the past 24 hours as broader macroeconomic concerns weighed on the crypto market. The Federal Reserve’s decision to maintain interest rates during its most recent meeting appears to have contributed to the cautious sentiment among investors. The cryptocurrency faced resistance near $2,400 on October 28, 2026, after its on-chain transaction volume exceeded $100 billion.

Source: CoinTurk News