<ul data-eligibleForWebStory="true"><li>Ethereum's price has dropped below $2,300, currently at $2,286.84, marking a 14.02% decline over the past month.</li><li>Factors influencing Ethereum's price include protocol-specific catalysts like the Pectra upgrade and market/macroeconomic headwinds.</li><li>The recent Pectra upgrade in May 2025 introduced key improvements, aiming to enhance network activities and attract institutional interest.</li><li>Market challenges such as the U.S. Federal Reserve's decision on interest rates and geopolitical tensions impact Ethereum's price.</li><li>Technically, Ethereum faces resistance at $2,723 and support at $2,222, with the need to hold the $2,400 level to avoid further decline.</li><li>Institutional interest in Ethereum remains strong, with notable players holding significant amounts of ETH through ETFs despite recent sell-side risks.</li><li>A balance between macroeconomic hurdles and technological advancements will determine Ethereum's price movement, with potential for a rebound driven by ETF inflows and staking demand.</li></ul>

Ethereum Struggles Below $2,300: What Could Spark a Price Rebound?

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