Ethereum
Why Ethereum is down 8.3% today
Analysis
Ethereum (ETH) fell about 8.3% over the past 24 hours as a broader weekend risk-off move hit major cryptocurrencies, wiping roughly $200B from the total crypto market and dragging BTC, ETH, and XRP lower. The pullback was also accompanied by worsening market sentiment and continued ETF-related outflow concerns noted alongside the broader decline.
Contributing Factors (2)
$200 Billion Gone From Crypto Markets as BTC, ETH, XRP Tanked on Saturday: Weekend Watch
HASH and WLFI are among the poorest performers, while HYPE is actually in the green daily.
Crypto fear deepens as Bitcoin and Ethereum extend pullback
Bitcoin and Ethereum continued their decline as crypto market sentiment slipped further into fear, with traders turning cautious amid fading momentum.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.