Ethereum
Why Ethereum is down 9.2% today
Analysis
Ethereum (ETH) fell 9.2% over the past 24 hours as broader market sentiment toward BTC and ETH turned negative, weighing on risk appetite and triggering selling pressure. Cointelegraph cited Santiment data showing the “mood turns sour” for BTC and ETH even as XRP sentiment improved, reinforcing the shift away from ETH.
Contributing Factors (3)
XRP traders more optimistic as BTC, ETH mood turns sour: Santiment
Social media sentiment has turned “extremely bearish” toward Bitcoin and Ethereum this week, according to analytics platform Santiment.
Bitmine Chair Tom Lee Shrugs Off ETH Treasury Losses, Asks If ETFs Should Face Same Scrutiny
Bitmine chair Tom Lee brushed off criticism of its ETH treasury, saying unrealized losses are part of tracking Ethereum through market cycles. The post Bitmine Chair Tom Lee Shrugs Off ETH Treasury Lo...
UBS CEO Details Crypto Plans Following Report of Bitcoin, Ethereum Trading for Wealthy Clients
Publicly traded Swiss bank UBS is working on plans to offer digital assets trading and tokenized service offerings for users, its CEO said.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.