Posted 11/27/2023, 11:06:50 PM
Ethereum Faces Mounting Headwinds as Price Slides Below $2,000
- Ether (ETH) struggling to maintain $2,000 support level as crypto market sentiment deteriorates
- Regulatory worries around Binance and Tether negatively impacting investor outlook
- Recent KyberSwap exploit and concerns over DeFi vulnerabilities dampening Ethereum demand
- Declining volumes for Ethereum dApps and increasing costs deterring users
- On-chain data reflecting weakness - staking yields down, fees down, outflows from ETH products