$ETH Counterattack! Ethereum Falls Below $2000, Is It a Buying Opportunity or a Abyss Trap?

Ethereum has recently suffered a heavy blow, with prices dropping below the $2000 mark, plummeting over 21% from recent highs, now hovering around $1590, close to bear market lows. Market sentiment is gloomy, and investors are seeking safety due to global economic uncertainty, putting pressure on the cryptocurrency market as a whole. Although the upgrade in exchange rates has temporarily postponed tariffs in the trade war with China for 90 days, it has not quelled the panic, with high-risk assets like Ethereum taking the brunt.