Hedge funds are offloading tech stocks at the fastest rate in two years, reflecting heightened market volatility and risk-averse sentiment. This sell-off has contributed to pessimistic market expectations, with the S&P 500 index experiencing a notable peak of 23 points on April 24, driven by institutional block orders. Despite the turmoil in tech stocks, the probability of Ether's price falling below $2,000 remains low at 0.1%, suggesting limited short-term downside potential for the cryptocurrency. However, ongoing geopolitical uncertainties, such as U.S.-China tensions, could impact market dynamics. Traders are also eyeing Federal Reserve Chair Jerome Powell's upcoming monetary policy speech for potential market stabilization cues.