Ethereum
Why Ethereum is down 1.7% today
Analysis
Ethereum (ETH) slipped 1.7% over the past 24 hours as sentiment took a hit from governance and institutional headlines. The Block reported that Peter Thiel and Founders Fund exited Ethereum treasury firm ETHZilla per an SEC filing, a development that can be read as reduced high-profile backing.
Contributing Factors (3)
ETH Denver 2026 Opens With Builder Energy Despite Crypto Slump
ETH Denver founder John Paller says serious interest has replaced hype-driven crowds.
Peter Thiel and Founders Fund exit Ethereum treasury firm ETHZilla, SEC filing shows
Peter Thiel fully exits ETHZilla, filing shows, as shares slide and the firm shifts from ether buildup to tokenization.
Coinbase-Backed Ethereum Network Base to Dump Optimism Tech as Potential Token Looms
Ethereum layer-2 network Base is leaving behind the Optimism technology stack as it seeks faster upgrades and reduced overhead.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.