Weak US Labor Data Adds Pressure to ETH Sentiment

[mendez]

U.S. employers announced 25,000+ layoffs in November, signaling economic strain and amplifying risk aversion. While a softer economy could push the Fed toward easing — historically positive for crypto — traders remain wary. Until liquidity improves and macro uncertainty fades, ETH faces an uphill battle reclaiming the $4,000 mark.

[Nahid Hossen]

Macro weakness still weighing on crypto—ETH feeling the pressure.

[Rimon Khan]

Labor data shocks usually spill into risk assets, and ETH isn’t immune.