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What happened with ETH? Here are five clear reasons why ETH recently went down: 1. Market-wide correction — Bitcoin dropped sharply, and Ethereum followed as money briefly exited the entire crypto market. 2. Large sell-offs — Some institutional holders and whales took profits, creating short-term downward pressure. 3. Weak momentum — ETH failed to hold key support levels (around $3,200), triggering stop-loss cascades and accelerating the decline. 4. ETF outflows and uncertainty — Significant outflows from Bitcoin ETFs created fear that Ethereum ETFs might also see reduced demand. 5. Risk-off sentiment — Global markets turned cautious due to macro news (interest rates, inflation), pushing traders away from higher-risk assets like altcoins.
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Supply of ETH held on major exchanges is the lowest it has been in a year, signalling that large holders (whales) are accumulating rather than selling. Will we get ETH ATH?)))
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