Ethereum Price Drops Toward $2,500: Could Key Support Spark a Rebound to $3,000?
Key Highlights: Rising geopolitical tensions near the Strait of Hormuz and a spike in Brent crude to $101.50 triggered a broad risk-off move, wiping out over $400 million in leveraged long crypto positions. Ethereum dropped from roughly $2,700 into the mid-$2,500s, breaching its 20-day simple moving average and testing critical support at its 50-day SMA ...
