According to OKX, Ethereum declined 2.52% during the day on May 7, slipping under the closely watched $2,300 price level.
Ethereum fell below $2,300 on May 7 and was trading at $2,299.50, according to OKX market data. The token was down 2.52% on an intraday basis. The move placed Ethereum under a round-number price level that traders often monitor for short-term market sentiment and momentum.