Here are the latest and important news about Ethereum (ETH):
📰 Latest updates:
📈 Sudden rise after sharp decline
The market saw a strong rise on Friday for ETH by about +11% reaching a price around $2,052 after a sharp drop previously, alongside the recovery of Bitcoin. Despite the rebound, analysts warn of continued high volatility in the market. �
Barron's
📉 Broad decline in the cryptocurrency market
ETH has significantly dropped within a broader selling wave in the cryptocurrency market, with a large price drop in a short period due to market pressure and fear of tech stocks. �
Barron's
📉 Continued selling pressure
The market has faced new downward pressures as ETH recently dropped by about 6%, part of a general downward wave in cryptocurrencies, negatively impacting platform stocks like Coinbase and Robinhood. �
Barron's
📉 Impact of U.S. monetary policy
Cryptocurrencies including ETH have faced pressure due to the nomination of a person known for more hawkish monetary policies to head the Fed, increasing investor fears of rising interest rates and reduced risk appetite. �
Barron's
📊 Continuous decline in the market and massive liquidations
The market saw over $2 billion in liquidations, with ETH falling more than 10% in one session, reflecting a general weakness in risk appetite. �
The Economic Times
📌 Technical and administrative developments in the Ethereum project
A report from The Guardian indicates tensions and restructuring in the Ethereum Foundation due to internal disagreements over project direction and leadership roles, which has affected investor perceptions of organizational growth. �
The Guardian
💰 Current price of ETH
(approximate price according to real-time market data)
📌 Actual prices are constantly changing, but most market sources currently indicate trading ETH around ~$2,000–2,100 with strong volatility due to the recent market conditions. �
CoinMarketCap +1
📌 What is happening to the price of ETH?
The market is experiencing strong fluctuations and is often following Bitcoin's movement, where a drop in BTC leads to downward pressure on ETH as well, and vice versa. �
Barron's +1
There is liquidity leaving exchanges (data indicates a large volume of ETH moving to long-term wallets), which is a sign that some whales are accumulating ETH for the long term. �
🔍 Quick summary
📌 ETH is currently volatile in the market.
📌 Strong downward pressure in the past few days with some rebounds.
📌 Movements are linked to stock markets, liquidity, and the regulation of global financial policies.
📌 The technical and administrative developments in the Ethereum project continue to affect investor sentiment.