Ethereum Slides Under $2,700 as Jobs Data Dampens Rate-Cut Hopes

Published at 2025-11-21 13:15:15

Ethereum slipped under $2,700 Friday following a US jobs report that reduced expectations for an imminent interest-rate cut, contributing to a sharp market-wide pullback. The broader crypto market registered about a 10% decline over the past 24 hours and roughly 15% for the week, putting renewed pressure on Ether and other large-cap tokens.

The move highlights crypto’s sensitivity to macroeconomic signals: firmer labor data tends to bolster yields and weigh on risk assets. Traders and investors will be watching upcoming Fed remarks and economic releases for direction; without clearer signs of policy easing, volatility could persist and recent support levels for ETH may be tested further.

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Binance plans to secure five additional operational licenses across the Asia-Pacific by the end of 2026, intensifying its regional expansion and regulatory engagement. The move follows the exchange's broader strategy to normalize local operations and grow product access.

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Vitalik: Ethereum Not the Right Tool to Solve Global Problems

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