Ethereum
Why Ethereum is down 1.1% in the last hour
Analysis
Ethereum (ETH) slipped about 1.1% over the past hour as ETF-flow headlines stayed bearish, with traders warning of continued downside pressure for both BTC and ETH after steep monthly declines. Adding to the risk-off tone, reports that BlackRock extended sales of Bitcoin and Ethereum totaling $217 million likely reinforced near-term selling 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.
160,480 ETH Staked: Is Bitmine Controlling All of Ethereum's Liquidity?
Bitmine is close to essentially controlling the major part of Ethereum's liquidity on the market.
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.