ET
Ethereum
ETH
1 Hour Move
+1.75%
$2,422.76 → $2,465.09
Why Ethereum is up 1.7% in the last hour
Analysis
Ethereum (ETH) rose about 1.7% over the past hour, likely reflecting a short-term bounce after the broader selloff highlighted in recent coverage. CryptoPotato reported that BTC, ETH, and XRP had tumbled as market maker Wintermute built heavy short positions, and ETH’s move higher may be a modest rebound from that pressure.
Contributing Factors (1)
#1
CryptoPotato
10 hours ago
BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions
Nearly $100 million in longs were wrecked in the past hour.
Confidence
61%
Read source
Move Details
Asset
Ethereum
Symbol
ETH
Direction
↑ Bullish
Timeframe
1 Hour
Start Price
$2,422.76
End Price
$2,465.09
Change
+1.75%
Detected
Aug 23, 2026 1:25 PM
Explanation Confidence
61%
Moderate confidence. Multiple factors may be contributing.