Ethereum
Why Ethereum is down 3.3% today
Analysis
Ethereum (ETH) fell 3.3% over the past 24 hours despite some supportive ecosystem headlines. CryptoPotato reported the largest ETH withdrawal wave from exchanges since October, a signal of reduced sell-side exchange balances, but that didn’t translate into immediate upside in this window.
Contributing Factors (3)
Chainlink feeds go live for Ondo tokenized US stocks on Ethereum
Price feeds for SPYon, QQQon and TSLAon are now live on Ethereum, allowing the Ondo-issued tokenized equities to be used as collateral in DeFi lending markets.
Ethereum Floods Out of Exchanges in Biggest Withdrawal Wave Since October
Over 220,000 ETH have exited exchanges in the strongest withdrawal wave seen since last October.
Goldman Sachs’ Crypto Portfolio: BTC, ETH, XRP, and SOL Holdings Revealed
The investment bank's positions are through crypto ETFs, not direct token holdings.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.