@pachira
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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