Ethereum price today: $2,110
- ETH and the broader crypto market face major sell-offs as rising inflation and Treasury yields pressure risk assets.
- Ethereum was hit the hardest, declining more than 10% and incurring more than $700 million in long liquidations over the past week.
- ETH is retesting the $2,108 support level amid persistent downside risk.
Ethereum (ETH) is hovering around $2,110, up 0.5% on Tuesday after facing strong selling pressure over the past week. The top altcoin declined from above $2,300 after retail wallet distributions.
The distribution wasn’t peculiar to ETH, as several top cryptos witnessed major sell-offs following soaring inflation and rising US Treasury yields. The US 30Y Note Yield reached 5.19%, offsetting the…
