Ethereum drops below $2,300 as crypto momentum fades
Ethereum fell below the important $2,300 level after Bitcoin failed to hold its recent pump toward $79K. The move came during a broader crypto market pullback, where Bitcoin dropped below $77K and several major altcoins turned red within a short period.
The latest market data shows ETH trading around $2,277, down nearly 3% over 24 hours. This drop is important because Ethereum had recently been supported by bullish institutional headlines, including reports of major ETH accumulation by BitMine. However, the market reaction shows that short-term traders are still focused more on Bitcoin’s price action, liquidations and weak market structure than on long-term accumulation news.
In simple terms, Ethereum did not drop because of one isolated ETH-specific event. It dropped because the broader crypto market lost momentum.
Why did Ethereum drop below $2,300?
The main reason Ethereum dropped is that Bitcoin rejected a key resistance zone. BTC briefly pushed toward $79K, but the move failed quickly. Once Bitcoin lost strength and fell back below
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