Ethereum
Why Ethereum is down 10.0% today
Analysis
Ethereum (ETH) fell about 10% over the past 24 hours as broader crypto markets sold off, leaving crypto-treasury holdings “deeply underwater” and weighing on risk sentiment across major assets, including ETH. While on-chain activity reportedly hit record levels, that strength didn’t translate into price support as ETH “stalled,” suggesting network usage wasn’t enough to offset the wider drawdown.
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.
XRP traders more optimistic as BTC, ETH mood turns sour: Santiment
Social media sentiment has turned “extremely bearish” toward Bitcoin and Ethereum this week, according to analytics platform Santiment.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.