Ethereum Price Looks ‘Dead’ – Yet More People Use ETH Now Than During the Last Two Bull Markets

Ethereum is down 3% in one day to $1,618.28. The rest of crypto is weak too. Investors are reacting to a stronger-than-expected US jobs report for May. That made people think the Fed may keep interest rates higher for longer.  Bond yields went up. The Bitcoin price fell 2.4%. Total crypto market value dropped 2.2%.