Ethereum slides 14.5% from May 11 to May 23 as buy activity rises

Ethereum fell from about $2,375 on May 11 to nearly $2,031 as of May 23, a 14.5% drop that puts the $2,000 level in focus. Despite aggressive buying across spot and futures markets, sell orders reportedly absorbed incoming demand while spot volume slipped from 470,770 ETH to 256,963 ETH. Futures participation rose slightly, with open interest up 0.69% from about $15.43 billion to $15.54 billion as funding rates stayed positive.