Ethereum (ETH) is trading at $2,372 today
, following a sharp 6% market correction over the last 24 hours. This sudden drop was triggered by hotter-than-expected U.S. inflation data, sparking massive liquidations that wiped out nearly $270 million in long positions.
Despite the immediate bearish macro pressure, the ecosystem shows resilience. Ethereum's decentralized exchange (DEX) volume has steadily grown to $41.5 billion, indicating robust network health. Bulls are now aggressively defending the critical $2,300 support zone to prevent further downside and spark a recovery.
#ETH
, following a sharp 6% market correction over the last 24 hours. This sudden drop was triggered by hotter-than-expected U.S. inflation data, sparking massive liquidations that wiped out nearly $270 million in long positions.
Despite the immediate bearish macro pressure, the ecosystem shows resilience. Ethereum's decentralized exchange (DEX) volume has steadily grown to $41.5 billion, indicating robust network health. Bulls are now aggressively defending the critical $2,300 support zone to prevent further downside and spark a recovery.
#ETH