Ethereum Price Volatility Continues Amid Bearish Trends

Ethereum is navigating a challenging phase, with prices lingering below $2,000 amid bearish technicals and macro uncertainty. The current price of around $1,974 represents a modest increase of 0.5% over the past 24 hours, but this uptick does not change the overall downward trend.

The broader market context is also under pressure, with Bitcoin and Ethereum struggling to recover from recent losses. Macroeconomic uncertainty and weak momentum are weighing on both cryptocurrencies, with some analysts warning of potential drops in price.

However, Ethereum's supply dynamics are tightening, with Binance reserves at their lowest level since 2024 and staking participation increasing steadily. This could potentially support price stability over time, but the long-term outlook remains uncertain.