$ETH 🚨Breaking JUST IN: ETH falls under $2,100
This move has all the fingerprints of a risk-off reset, not an Ethereum specific failure. Leverage is unwinding, alt beta is doing what alt beta always does, and ETH is absorbing the spillover from broader market de-risking.
From a market-structure lens, $2,100 is psychological, not existential. What matters is whether spot demand steps in and whether ETH holds higher time-frame support. If this level fails to reclaim, expect rotational capital to sit on the sidelines or migrate to BTC until volatility compresses.
Translation for operators: this is a stress test, not a death spiral. Fundamentals didn’t change in a candle. Price did. Markets care about follow through.
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