Ethereum (ETH) has just experienced a sharp downturn, dropping below the $3,400 mark on Binance with a significant 24-hour decrease of 5.21% as of August 2. The price touched approximately $3,394 USDT, representing its lowest level since late July. This dip follows intensified selling pressure across the crypto markets, with technical momentum flipping bearish and market sentiment turning cautious. Traders are watching closely to see if support around $3,300–$3,400 will hold or if further declines are ahead.

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