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The crypto market is in freefall, with its total market capitalization dropping to $2.67 trillion, down from over $3 trillion just days ago. In the past 24 hours alone, the market has lost over 7% in value, continuing a brutal sell-off that has left many investors worried.
Total crypto market cap in USD 1-day chart - TradingView
Ethereum has taken a major hit, currently trading at $2,150, dangerously close to the crucial $2,000 support level. ETH has lost 9% in the past 24 hours and 23% in the past week, making it one of the worst-performing major cryptocurrencies.
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Ethereum Price Prediction: Will ETH Crash Below $2,000?
If Ethereum breaks below $2,000, the next key support areas to watch are:
- $1,800 – A psychological level that previously acted as strong support.
- $1,500 – A major demand zone from previous cycles.
- $1,200 – A deeper crash level that could trigger even more panic selling.
ETH/USDT 1-day chart - TradingView
Ethereum’s future largely depends on whether Bitcoin can hold its own key support at $80,000. If BTC falls further, ETH could follow, dragging the rest of the altcoin market down with it.
Will Ethereum recover, or is this just the beginning of a deeper crypto market collapse?
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