The crypto market has experienced a significant crash, with a loss of over 10% in the last 24 hours. Ethereum's price dropped below $2,500, and Bitcoin broke below $90,000, sparking concerns about further declines. Analysts are warning that Ethereum could potentially fall to as low as $1,800 if selling pressure persists. Several factors have contributed to this downturn, including uncertainty around the approval of a spot Ethereum ETF by the U.S. SEC, profit-taking from the previous bull market, and a major hack on the exchange Bybit. With Bitcoin's weakness and the aforementioned factors, Ethereum faces the risk of additional losses in the near future.



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