Ethereum (ETH) has officially dropped below the $2,600 threshold. The price fell significantly all the way to $2400, which is a big reduction from its peak of $4,100 in December 2024. This huge drop has made things hard for bulls, because Ethereum is having trouble finding equilibrium as selling pressure rises.
The crypto market as a whole is going down because of macroeconomic uncertainty and a risk-off mood. This puts ETH in a weak position since traders aren't sure whether a bottom has formed or if further losses are coming. Ethereum's value has dropped sharply, which has made many even more negative. This has made it one of the worst-performing major cryptocurrencies in the previous several months.
Ethereum Tests Critical Support As Market Struggles
The market has seen a big crash. Since the U.S. elections in November 2024, macroeconomic unpredictability and volatility have been the main drivers of the market. Current circumstances imply that this trend is far from done. The U.S. stock market has hit its lowest point since September 2024 because of rising worries about a global trade war and the U.S. government's inconsistent decision-making. Because of this risk-off climate, there is further selling pressure in the crypto market, and
Ethereum (ETH) is having a hard time holding key support levels. Ethereum is now worth $2,490, which is a big drop from where it was a few days ago when there was a lot of selling pressure. Bulls are currently attempting to stabilize price action and transfer momentum toward a possible recovery phase while the market remains under negative grip.
How Remittix Is Revolutionizing PayFi
Remittix (RTX) is different from other crypto projects since it wants to fix a significant problem: the high cost of wiring. Some observers say that crypto projects having real-world uses, like Remittix (RTX), tend to go up more steadily than meme-based tokens.
If remittances from overseas continue to be a major source, the project may be able to retain a steady user base instead of going through short periods of enthusiasm. Another great thing about the project is its open flat-fee policy, which saves you money and is more open than the crazy rates of exchange that most banks charge.
Consequently, investors looking for dependability are gravitating towards the Remittix project. The project is set to address actual payment problems in the PayFi sector.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials:https://linktr.ee/remittix
Disclaimer: Any information written in this press release does not constitute investment advice. Coin Futura does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Coin Futura is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release. For more details, visit our disclaimer page.
The post Ethereum Price Prediction: ETH May Struggle To Hold $2,000 If Bitcoin Leads Another Market Correction appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
