🚀 Crypto Market Update: Ethereum and other altcoins faced a pullback, with ETH dropping to $1,560 from its high of $1,700. Bitcoin also slipped, reflecting broader market concerns as the Dow and Nasdaq fell significantly. 📉
Key driver? Recession fears loom large, fueled by ongoing US-China trade tensions and tariffs. Moody's economist Mark Zandi warns of a 60% chance of recession this year.
Technical analysis shows Ethereum in a downtrend, with indicators pointing to further declines. Will ETH hit $1,000? Share your thoughts below!