Ethereum Tanks to 2-Month Low: Whales Return but Sub-$2K Fears Mount

Ethereum’s native token has taken the most recent crypto market correction hard, with the asset diving to just over $2,000 earlier today, which became its lowest price point in almost two months.

Moreover, it has dropped by 17% since its monthly high at $2,425, and the overall landscape seems quite bearish. Although Santiment Intelligence believes this could be the necessary factor for a major trend reversal, the current environment is nothing short of underwhelming, to say the least.