Ether Drops Below $2,400

The breach of the $2,400 level is less about the number itself and more about what it signals for sentiment in a market already under pressure. This move underscores how quickly downside momentum can build when broader risk appetite fades, and it puts focus on whether ether can find stable footing or if further erosion tests key support zones. For traders and liquidity providers, the immediate watch is on volume and order-book depth around this area, as thin bids could amplify swings. The open question is whether this is a short-term shakeout or the start of a more sustained corrective phase, which will depend on macro cues and ether-specific catalysts in the coming sessions.