#ETH🔥🔥🔥🔥🔥🔥

Why is ETH price dropping today?

@Ethereum price is showing a slight decline or stability today, but broader market pressure is the main reason behind the drop.

## Reasons for Today's Decline

- **Long Liquidations**: $255 million in ETH long positions were liquidated, representing 78% of total liquidations—this triggered cascade selling.

- **Market Sell-Off**: BTC down 1%, XRP/SOL down 2-4.5%; total crypto cap down 1.4% to $3.25T.

- **Macro Factors**: Moody's US credit downgrade (Aa1), $36T debt, high yields, risk-off sentiment due to lack of Fed rate cuts.

## $ETH Support Levels

Price has tested the $1,923 low; next support is $1,900-$2,274. The RSI shows bearish momentum at 38. Holding #ETH $2,000 is crucial in the short term