ET
Ethereum
ETH
1 Hour Move
-1.29%
$2,461.11 → $2,429.41
Why Ethereum is down 1.3% in the last hour
Analysis
Ethereum (ETH) slipped about 1.3% over the past hour amid broader downside pressure across major coins. CryptoPotato reported that market maker Wintermute has been building heavy short positions, which coincided with BTC, ETH, and XRP tumbling and likely weighed on near-term sentiment and price action in ETH.
Contributing Factors (1)
#1
CryptoPotato
21 hours ago
BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions
Nearly $100 million in longs were wrecked in the past hour.
Confidence
69%
Read source
Move Details
Asset
Ethereum
Symbol
ETH
Direction
↓ Bearish
Timeframe
1 Hour
Start Price
$2,461.11
End Price
$2,429.41
Change
-1.29%
Detected
Aug 24, 2026 2:00 AM
Explanation Confidence
69%
Moderate confidence. Multiple factors may be contributing.