Ethereum
Why Ethereum is down 3.8% today
Analysis
Ethereum (ETH) fell 3.8% over the past 24 hours as ETF-related selling pressure weighed on sentiment, with reports highlighting continued outflows and large-scale sales activity. U.Today reported BlackRock extending Bitcoin and Ethereum selling totaling about $217 million, alongside another report citing over $610 million in combined BTC and ETH dumped, reinforcing near-term downside pressure.
Contributing Factors (3)
Traders Predict More Pain for Bitcoin and Ethereum After Monthly Drops Above 20%
Bitcoin touched its lowest price in 21 months early Thursday—and prediction market users don't see the crypto carnage ceasing imminently.
BlackRock Extends Bitcoin and Ethereum Sale for $217 Million
BlackRock makes another Bitcoin and Ethereum deposit, sparking concerns about its continued sell attempts as the price of both crypto assets plunges lower.
Over $610 Million in Bitcoin and Ethereum Dumped by BlackRock
BlackRock continues selling Bitcoin and Ethereum as ETF performances remain weak amid sustained market volatility and bearish on-chain movements.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.