Ethereum breaks below $2,650 support after two weeks of range trading
- —ETH trades at $2,612.33, down 3.4% in 24 hours
- —Price broke below the two-week range of $2,650–$2,775
- —Trading volume rose to $12 billion; market cap at $319 billion
- —ETH sits 44% below its October high near $4,690
Why it matters: The breakdown on rising volume risks spilling over into altcoins and DeFi tokens tied to the Ethereum ecosystem.
Source: Siam Blockchain