negative
Recently
Ethereum Declines Sharply as Wider Crypto Market Extends Broad Selloff
Ethereum dropped 8.
Ethereum traded down 8.98 percent at $3,189 as bearish sentiment deepened across digital asset markets. Analysts linked the decline to liquidity stress, high derivatives leverage, and a spillover from Bitcoin’s downturn. The broader weakness weighed on DeFi and staking-related tokens, with market participants reducing short-term risk exposure.
Despite the pullback, developers and long-term holders maintained confidence in the network’s upcoming scaling roadmap. Trading volumes were elevated, reflecting heightened volatility during the session.