In the past 24 hours, the price of Ethereum (ETH) has dropped by 15% to a daily low of $2,030, marking its lowest level since November 2023. This price decline caused the CoinDesk 20 index, which tracks the performance of the largest digital assets, to fall by 16%. As the crypto market remains under the influence of fluctuations due to the trade war threat by Donald Trump, bearish investor sentiments have led to Ethereum’s weaker performance compared to Bitcoin (BTC) in the last three months, resulting in reduced institutional demand for this asset. Major economic factors such as trade war fears, inflation concerns, and stock market declines have diminished investors’ appetite for high-risk assets. According to CoinGlass data, $165 million worth of Ethereum long positions have been liquidated in the past 12 hours. Additionally, on the Polymarket platform, there is a 76% prediction that Ethereum’s price will reach $1,900 by the end of the month. On the other hand, data from the SoSoValue platform indicates that Ethereum exchange-traded funds (ETFs) faced a capital outflow of $335 million in the past week, reflecting investors’ diminishing confidence in this asset. Visit the real-time digital currency price page to monitor the prices of all tokens and cryptocurrencies live.
