ETH Drops 15% to Lowest Level Since November 2023
Ether (ETH) is experiencing significant price drops, testing levels unseen since November 2023. The current market volatility stems from U.S. trade war threats.
- ETH has declined by 15% in the last 24 hours
- The CoinDesk 20 index, which tracks major digital assets, is down 16%
- Investor sentiment remains bearish, with ETH underperforming compared to BTC
- Concerns over inflation and stock market weakness are impacting risk appetite
- Nearly $165 million in ETH long positions liquidated in the past 12 hours
- Bettors on Polymarket indicate a 76% chance of ETH reaching $1900 by month-end
- Ether ETF outflows totaled -$335 million last week
