Ethereum
Why Ethereum is down 2.9% today
Analysis
Ethereum (ETH) fell 2.9% over the past 24 hours as sentiment weakened around continued ETF-related selling pressure and expectations of further downside after steep monthly declines. Decrypt reported traders predicting “more pain” for Bitcoin and Ethereum amid heavy drawdowns, reinforcing risk-off positioning.
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.