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The crypto market is in a state of chaos as Ethereum takes a major hit. In the past 24 hours, ETH has dropped over 14%, currently trading around $1,547. This steep decline comes amid broader market turbulence triggered by U.S. tariff measures and other economic uncertainties.
Assessing altcoins' next move amid renewed Trump tariff fears and macro uncertainty.
Ethereum (ETH) faced more price pressure from a series of liquidations and panic sales. At the same time, long-term holders are still buying ETH to lower their average price, with the Seven Siblings wallet buying at around $1,700.
Ethereum price crashed 14% below $1,600, triggering a $106 million whale liquidation as the broader crypto market lost $160 billion.
The European market opened Monday, April 7, with a similar bearish trend as the Asian market. With a similar choppy trend expected later today after the New York stock exchanges open, the crypto market has fallen in line with a 12 percent decline in its total valuation to about $2.
ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.
The amount of Ethereum available on exchanges has just dropped to its lowest level since 2016. A strong signal, as on-chain movements trigger growing interest among analysts looking for leading indicators.
The ‘Black Monday' stock market crash has adversely impacted the crypto markets; while the Bitcoin price plunged below $75,000, Ethereum lost $1500 after holding for more than 24 months. The panicked investors trigger a massive sell-off while the big whales have begun to liquidate massive amounts of ETH.
Since the start of April 5, the cryptocurrency market has dropped by approximately 11.32%. During the weekend alone, the market slipped by over 7.16%. In the last 24 hours, almost all the top cryptos have seen serious declines. Bitcoin has plummeted by over 9.5%, Ethereum by 17.3%, XRP by 20.5%, BNB by 9.
Ethereum price has broken below a key support level, with substantial drops in its DeFi and ETF performance underlining a weak standing.
Ethereum (ETH), the flagship altcoin, has now plunged to its lowest level against Bitcoin (BTC) since February 2020.
After hinting at possible stability last week, the wider crypto market – led by Bitcoin (BTC) – will be on the defensive side in the coming days. In the past 24 hours, the crypto market recorded heavy losses, with total forced liquidations of $1 billion, whereby the majority were long traders.
An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.
An Ether investor who had a large position on decentralized finance (DeFi) lending platform Sky has been liquidated to the tune of more than $100 million as the price of Ether crashed. The Ether (ETH) whale lost 67,570 ETH worth around $106 million when the asset crashed by around 14% on April 6, liquidating his collateralized debt position on Sky, according to Maker Vaults explorer DeFi Explore, and as observed by Lookonchain.
Ethereum (ETH), along with Bitcoin and other altcoins, has been caught in the recent wave of market pressure, plunging below the critical $1,600 mark after a sharp 15% dip. This sudden downturn has triggered panic among investors, driven largely by renewed macroeconomic concerns.
Ethereum price has hit $1,5000 as Crypto market crash steepens, shedding $410 billion in the past two weeks. The sell-off is not localized to cryptocurrencies but also across the global stock markets, triggering cricuit breakers in Taiwan, Japan, Australia, Russel Futures and even in Singapore.
The Ethereum network has reached a historic milestone with 200,000 addresses holding stablecoins. This record adoption stands as the backbone of a more mature digital economy, potentially reshuffling the cards for this altcoin whose price is struggling to take off.
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market crash
Ethereum struggles as confidence wanes, shedding value amidst volatility, weaker demand, and declining exchange reserves.
Satoshi street is facing a massive bloodbath with the crypto market crash as global markets react to Trump's tariff war. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) prices have plumetted 6-12% today with over $900 million in liquidations in the last 24 hours.
The global cryptocurrency market has taken a significant hit, with the total market cap dropping to $2.46 trillion, marking a 7.79% decrease in the last 24 hours. This downturn comes amid growing macroeconomic concerns, particularly rising interest rates, which have sparked fears of instability across financial markets.
As Ethereum (CRYPTO: ETH) continues its downward slide since Eric Trump recommended buying the second-largest cryptocurrency, renowned economist Peter Schiff cautioned against taking investment advice from the Trump family on Sunday. What Happened: Schiff was reminded by an X user of the famous “It's a great time to add ETH” remark by Eric Trump, the Executive Vice President of The Trump Organization and President Donald Trump's second son.
Ethereum price failed to recover above $1,820 and dropped below $1,650. ETH is now consolidating losses and might face resistance near the $1,675 zone.
Ethereum (ETH), the second-largest cryptocurrency by market cap, has crashed 10% in the latest market downturn, falling to an intraday low of $1,601, according to CoinGecko data. The ETH/BTC ratio has also dropped to its lowest level since March 2020, highlighting the altcoins underperformance against Bitcoin.
