Ethereum dips below $2,400 as hot inflation fuels selling and long liquidations

Ethereum traded below $2,400, down 5.3% over 24 hours, after stronger-than-expected US inflation unsettled crypto markets. Higher Treasury yields, a stronger dollar, and rising rate hike expectations added pressure to ETH. Key support sits around $2,353–$2,355, while resistance at $2,498 and $2,548 could challenge recovery attempts.