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Ethereum dipped below $2,000, triggering a surge in retail 'buy-the-dip' sentiment. Analysts warned of a potential bull trap as Ethereum breached the $2,000 support level. Additionally, Ethereum entered oversold territory amid heavy selling pressure.

On May 28, Tyson Foods announced the appointment of board member Jeff Schomburger as its new president and chief executive officer. Schomburger will succeed Donnie King in leading the meat processing company.