币界网报道：Ethereum's price has plunged to a 30-month low, dropping below $1,500 as a bearish "death cross" technical pattern emerges on its charts. The second-largest cryptocurrency by market cap has lost over 20% in the past week amid broader market declines, with its 50-day moving average crossing below the 200-day average - a signal traders often interpret as confirmation of a prolonged downtrend. The sell-off comes despite Ethereum's successful transition to proof-of-stake consensus in September, with network activity slowing as decentralized finance (DeFi) total value locked sinks to $25 billion from its $110 billion peak in November 2021. Analysts note increased selling pressure from Ethereum miners liquidating holdings after the Merge rendered their equipment obsolete, while macroeconomic uncertainty continues weighing on risk assets. Some traders anticipate further downside toward $1,000 support levels if Bitcoin's weakness persists.