The iShares Russell 2000 ETF ($IWM) is experiencing notable declines, having touched its lowest level since mid-October 2024, reflecting a 11% decrease from its November high. The ETF has seen a peak-to-trough decline of 13% from its all-time highs set just 1.5 months ago. Analysts suggest that the current environment, characterized by high interest rates and a strong dollar, is unfavorable for small-cap stocks. A potential support level is identified near the 200-day moving average, with some traders anticipating a possible rebound if rates stabilize and economic indicators such as the Consumer Price Index (CPI) show improvement.