Ethereum ($ETH) is in a dangerous zone as it trades just above the $4,000 mark. After a sharp drop that briefly pushed the coin to $3,800, ETH has managed to claw back some ground — but the recovery looks fragile. With Bitcoin collapsing below $110,000, the pressure across the entire crypto market is weighing heavily on Ethereum, sparking fears of another breakdown toward $3,500.
Several key factors are driving the current crash in Ethereum and the broader crypto market:
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