Ethereum
Why Ethereum is down 4.3% today
Analysis
Ethereum (ETH) fell 4.3% over the past 24 hours as sentiment weakened around continued ETF-related outflows, with traders bracing for further downside after sharp monthly declines in both BTC and ETH. Reports highlighting large ETF selling pressure—such as BlackRock-linked dumping totaling over $610 million and an additional $217 million in sales—likely added to near-term selling pressure and 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.
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.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.