Over the last four hours, Ethereum (ETH) has seen some fluctuations, trading around $2,371. In the wider 24-hour period, ETH has dropped approximately 1%, reflecting a broader dip in the cryptocurrency market, which is likely driven by ongoing concerns about macroeconomic conditions and upcoming events like the US elections. Within the past 24 hours, ETH's price has ranged between $2,310 and $2,400.
Trading volumes remain high, but there are signs that Ethereum may face further downside risks in the short term, as indicated by both technical analysis and external factors, such as market uncertainty surrounding regulatory developments.
