ETH dropped today, now just above 2000.
It dropped together with the market, not due to ETH's own issues. The main reason is BTC leading the way, plus the recent unstable news from the Middle East, causing risk assets to be sold off.
Technically, ETH is facing pressure at 2100, making it difficult to surpass in the short term. The support below is at 1900, which is a critical position; if it can't hold, it will drop to 1800.
The staking aspect is still okay; institutions sticking to the staking route are still holding on, indicating that long-term optimistic investors haven't fled.
The current strategy is similar to BTC, holding light positions and waiting for clearer macro signals before taking action.
ETH
1,973.23
-1.79%