Group 1 - Ethereum's price has decreased by 6.4% in 24 hours and 6.8% since Sunday afternoon, reflecting a broader slump in the cryptocurrency market [1][2] - The price drop is attributed to profit-taking by investors following recent gains, despite the cryptocurrency trading near all-time highs [2][3] - A wave of liquidations occurred over the weekend as traders faced the expiration of leveraged positions, largely converting paper profits into cash [3][4] Group 2 - The liquidation event was influenced by the announcement of lower federal interest rates, marking the first cut since December 2024 [4][9] - Despite the recent drop, Ethereum has seen an 88% increase over the past year, indicating strong long-term value [6][9] - Ethereum remains a strong long-term investment option, with expectations of recovery alongside the broader crypto market [7][9]
Why Ethereum Is Down 6.8% Today
Yahoo Finance·2025-09-22 16:24