Ethereum
Why Ethereum is down 6.2% today
Analysis
Ethereum (ETH) fell 6.2% over the past 24 hours amid broad, risk-off selling across crypto over the weekend, with reports noting roughly $200B wiped from the total market as major coins slid in tandem. At the same time, AMBCrypto highlighted “FTX-era” liquidation stress and signs of deleveraging in ETH markets, which can amplify downside as forced selling accelerates.
Contributing Factors (3)
Ethereum enters FTX-era stress: Is this structural deleveraging?
Risk-off flows drive liquidations, negative Funding Rates, and structural market stress.
Ethereum Founder Vitalik Buterin Made $70K Betting Against 'Crazy Mode' on Polymarket
The Ethereum founder claims his strategy of betting against extreme market sentiment "usually makes money" on Polymarket.
$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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.