$ETH has slipped below the $2,600 mark, experiencing a 2.33% decline in the past 24 hours. The dip reflects broader market uncertainty as traders react to macroeconomic signals and shifting investor sentiment across the digital asset landscape.
As of early Friday trading, $ETH was priced at approximately $2,585, down from the $2,650 range seen just a day prior. The decline is part of a moderate correction phase that has affected many major cryptocurrencies, including Bitcoin (BTC), which also faced downward pressure.
Trading volume for $ETH saw a slight increase, suggesting that the price drop may have triggered profit-taking and sell-offs among short-term holders. However, Ethereum’s fundamentals remain strong, with ongoing development on the Ethereum 2.0 upgrade and consistent activity in the decentralized finance (DeFi) and non-fungible token (NFT) sectors.