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Ethereum Stumbles 9% – Is This a Dip or Deeper Trouble?

  • Ethereum has fallen over 9%, slipping into the $2.1K zone.
  • The market experienced a surge in liquidations, with $195.40 million worth of ETH wiped out.
  • ETH is forming a sturdy bearish trend line and could start a recovery wave only if it moves above $2,200.
  • The on-chain data reports that the Bybit hacker has already laundered over 50% of the stolen 499K ETH within a week.

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