Ethereum drops below $2,500 as rising Treasury yields trigger selling pressure
- —ETH fell below $2,500, down nearly 4% on the day
- —10-year US Treasury yield hit a 24-year high of 5.35%
- —Spot ETH ETFs saw $565 million in outflows over seven straight days
- —ETH exchange reserves rose by 132K coins since Monday
Why it matters: Rising yields and ETF outflows are pressuring ETH; the $2,355 level and 100-day EMA are the next support, with a break exposing $2,204.
Source: FXStreet Crypto