Ethereum
Why Ethereum is down 1.5% in the last hour
Analysis
Ethereum (ETH) slipped about 1.5% over the past hour amid reports that Bank of America rotated out of ETH (and Solana) into Bitcoin, which likely weighed on near-term sentiment toward ETH. While CryptoPotato noted a broader rebound in BTC, ETH, and XRP, the headline flow around institutional preference shifting to BTC may have pressured ETH during this window.
Contributing Factors (2)
Bank of America Dumps Ethereum and Solana for Bitcoin
America's second-largest bank is officially picking sides in the crypto market. According to its latest Q1 13F filing with the SEC.
HYPE Hits New All-Time High as BTC, ETH, and XRP Rebound: Weekend Watch
The other massive gainers today include NEAR, WLD, MORPHO, and ONDO.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.