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Ether holds $2,000, but may remain under pressure as traders watch corporate earnings, US government debt and growing global tensions.

Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill.

Traders say Ether’s declining open interest and futures funding rates could set the groundwork for a significant short squeeze on bearish leveraged positions and a rally to $2,500.

Bitcoin and several major altcoins are attempting a relief rally, signaling that the bulls are trying to form a higher low.