Ether traders said ETH price could see further downside after bulls failed to defend the $2,000 support as signs of declining demand were apparent.

Bitcoin long-term holders continued to expand their holdings, while increased withdrawal from exchanges flashed a classic supply shock warning.

Goldman Sachs revealed a $152 million exposure to spot XRP ETFs, while volatility contracted to levels seen ahead of strong price moves.

Bitcoin was down 44% from its $126,000 all-time highs as key onchain and technical indicators suggested BTC is entering the late phase of the bear market.

Bitcoin price remains stuck below $72,000 as investor distribution, low whale activity and declining network growth cast doubt on BTC's short term prospects.

Bitcoin bounced back above $71,000 after US President Donald Trump’s administration sent a proposal to Iran aimed at ending the war.

A resurgence in institutional demand and spot ETF inflow return could put Ethereum price in a better position to overcome the next hurdle at $2,200.