ETH, which has recently retested the psychological $2,000 level, briefly rose above it but retreated due to selling pressure. Analysts note that on-chain data indicates that most of the selling is behind us and that volatility could pave the way for a significant upward move. However, overall risk appetite in the crypto market is low, with Fed expectations and liquidations creating pressure. The Ethereum market has experienced a sharp correction in the last 24 hours! Its market capitalization is around $232 billion, while trading volume remains high in the $20-21 billion range.