Ethereum
Why Ethereum is down 1.1% in the last hour
Analysis
Ethereum (ETH) slipped 1.1% over the past hour as broader crypto risk-off sentiment intensified, with a “painful” Bitcoin-led sell-off dragging major altcoins lower. At the same time, reports of continued ETF-related selling pressure—including BlackRock extending Bitcoin and Ethereum sales—reinforced the bearish tone and weighed on ETH.
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.
'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive
Bitcoin's slide to its lowest point in 21 months slammed the price of leading altcoins, while pressuring crypto stocks on Wall Street.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.