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#EthereumPriceUpdate 🚨
Ethereum (ETH) has plunged below $3,600, marking a sharp 7.93% decline within 24 hours. This sudden drop has shaken market confidence, as traders rush to reassess short-term positions.
Analysts suggest the fall is mainly due to:
1️⃣ Profit-taking by whales after last week’s rebound.
2️⃣ Weak inflows into crypto funds indicating reduced institutional interest.
3️⃣ Broader market correction following Bitcoin’s volatility.
Despite the downturn, some experts believe this could be a temporary pullback before a potential recovery, especially if ETH holds above the $3,500 support zone.
📊 Current sentiment: Fear is increasing, but long-term holders remain calm.
#ETH #Ethereum #CryptoMarket #PriceUpdate #CryptoNews