Ethereum (ETH) mirrors the weakness. ETH broke below $2,400 and is now hovering near $1,975, testing the key $2,000 – $2,100 support zone. The breakdown from its descending channel confirms trend continuation lower. ETH trades far beneath its 200-day SMA (~$3,580). RSI sits at 29, marking very oversold territory, while MACD momentum continues to deteriorate. If $1,800 fails, downside risk accelerates.