Ethereum
Why Ethereum is down 9.3% today
Analysis
Ethereum (ETH) fell 9.3% over the past 24 hours amid a broader crypto selloff that pushed major assets lower and left some corporate crypto treasuries “deeply underwater,” weighing on sentiment and risk appetite. While on-chain activity reportedly hit record levels, that strength didn’t translate into near-term price support as ETH “stalled” alongside ETF-flow-focused narratives, keeping the market’s attention on drawdowns and positioning rather than usage metrics.
Contributing Factors (3)
Ethereum Network Activity Breaks Records Even As ETH Price Stalls
The Ethereum network and its price are moving in separate directions as the market faces continued bearish action. On-chain data are showing that the ETH network is performing at one of its most remar...
Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
Bitmine Chair Tom Lee Shrugs Off ETH Treasury Losses, Asks If ETFs Should Face Same Scrutiny
Bitmine chair Tom Lee brushed off criticism of its ETH treasury, saying unrealized losses are part of tracking Ethereum through market cycles. The post Bitmine Chair Tom Lee Shrugs Off ETH Treasury Lo...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.