Ethereum (ETH) traded under $2,000 on Thursday, Feb. 5, for the first time since May 2025, amid a broader sell-off across crypto markets.
ETH fell about 10% over the past 24 hours to trade near $1,925, extending its weekly losses to 30%. Paul Howard, senior director at Wincent, said Ethereum’s move lower was driven by a broader shift away from risk in global markets, rather than a crypto-specific event.
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