Ethereum (ETH) has experienced an 8% drop and is currently holding at the $1.8K mark.The decline led to liquidations worth $252.09 million worth of ETH.Escalating fears in the global trading conditions have led to losses for Bitcoin and Ethereum.Ethereum faces resistance at the $2.5K mark and needs to clear the support zones between $1.9K-$2.2K for a positive breakout.