Ethereum has declined by over 2%, recently slipping into the $1.9K range. This downturn is reflective of a broader trend as the market faces a wave of liquidations, which has resulted in a staggering $33.12 million worth of ETH being wiped out.

The struggle to maintain a position above $2K highlights the ongoing challenges facing the cryptocurrency. Market players are keenly observing whether Ethereum can rally back from this significant support level.

The fluctuations demonstrate the volatility inherent in cryptocurrency trading. As investors remain vigilant, they will be looking for signs of recovery or further declines.