Ethereum Plunges 29% Weekly, Falls Below $2,000 as Early Rebound Signals Appear
Ethereum plunged almost 29% over the last week, slipping beneath the $2,000 mark and marking its lowest price in about nine months. The move underscores broad weakness across crypto markets and has pressured risk sentiment among traders and holders. Liquidity and derivatives desks have seen heightened activity as participants adjust positions to the sharp drawdown.
Despite the sell-off, early rebound signals have emerged — short-term buying interest and technical oversold readings are producing modest upticks. That said, any recovery looks tentative: market watchers will be focused on whether $2,000 can act as support, if trading volume lifts to confirm a rally, and how macro headlines influence flows. Investors are advised to manage risk and monitor on-chain and market indicators for confirmation before assuming a sustained turnaround.