Crypto Market Correction Intensifies: ETH Tests $2.8K as Sector Indices Plunge

The digital asset sell-off isn't letting up. Ethereum is flirting with the $2,800 level, while broad-based sector indices are painting the tape red with steep, double-digit declines.

Where's the bottom?

This isn't a gentle pullback—it's a cascade. The momentum that propelled major assets to recent highs has reversed violently. Traders are watching key support levels like $2.8K for ETH, a breach of which could signal deeper losses ahead. The fear isn't isolated; it's spread across the entire crypto board.

Sector-wide bloodbath

Look beyond the blue chips. The pain is amplified in sector-specific indices. DeFi, gaming, and infrastructure tokens are getting hit hardest, suggesting a flight to safety—or just a flight. It's a classic risk-off move, where even promising narratives get sold first. The usual 'buy the dip' chatter is notably quieter this time.

The market's message is clear: the easy money phase is over. Now comes the grind. For every true believer HODLing through the storm, there's a leveraged fund getting liquidated—proving once again that in crypto, the most reliable indicator is often the margin call.