Ethereum Price Below $2,300: Is $2,000 Next or Is This the Bottom?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Ethereum price slips toward $2,250 as $3 billion leaves DeFi. Whales are buying the dip. Does ETH hold $2,200 or test $2,000 next?Add as a preferred source on GoogleFollow on Google News$Ethereum is trading around $2,250 today, down about 2% in 24 hours and roughly 12% below where it stood before the Binance hack. It has now lost the $2,300 level that held through most of October. Live prices are on our crypto prices page.ETH/USD chartThe question every $ETH holder is typing into Google right now: does it stop here, or is $2,000 the next stop?Why Is Ethereum Price Falling?Three things are hitting ETH harder than Bitcoin this week:DeFi outflows: roughly 1.39 million ETH, worth about $3.2 billion, has been pulled from DeFi protocols in a week. Part of that is the KelpDAO and LayerZero exploit fallout, part is simple de-risking.The Ethereum reorg: a chain reorganisation over the weekend forced THORChain to pause several networks. Technically minor, but it adds to the "infrastructur...