June 17, 2025 — Small Cap Network

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has fallen sharply in the last 24 hours, dropping 5.30% and slipping below the critical $2,500 USDT threshold.

This sudden decline comes amid a wave of profit-taking and broader risk-off sentiment in the crypto market, which has seen many altcoins follow Bitcoin’s retreat from recent highs.

Key Takeaways:

Current Price: As of this writing, ETH trades near $2,485, marking its lowest level in two weeks.

24-Hour Range: $2,470 — $2,645.

Market Context: Recent macroeconomic concerns, combined with a slowdown in DeFi activity, have weighed on investor sentiment.

Technical analysts note that Ethereum has broken below its short-term support zone at $2,500, raising concerns about a potential test of deeper support near the $2,350–$2,400 range if selling pressure persists.

Despite the pullback, long-term bulls remain cautiously optimistic, pointing to upcoming network upgrades and increasing institutional interest as catalysts for future recovery.

What’s Next:
Market watchers will keep an eye on broader market sentiment and Ethereum’s ability to reclaim the $2,500–$2,550 level. Sustained trading below this zone could signal further weakness in the near term.

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