#ETH

Crypto Market in Turmoil as Ethereum Plunges 10%

The cryptocurrency market is facing a severe downturn, with Ethereum (ETH) leading the losses after crashing by nearly 10% in a sharp sell-off. The sudden drop has sent shockwaves across the digital asset space, dragging Bitcoin (BTC) and altcoins down with it.

Ethereum, the second-largest cryptocurrency by market cap, fell below key support levels, intensifying fears of further declines. Analysts point to a combination of factors, including macroeconomic uncertainty, regulatory concerns, and liquidations in leveraged trading positions.

Bitcoin also struggled, dropping over 5% as the global crypto market cap shed billions within hours. Altcoins followed suit, with major tokens like Solana (SOL), XRP, and Cardano (ADA) all posting significant losses.

Traders are now watching critical support levels to gauge whether the sell-off will deepen or if a rebound is imminent. With volatility spiking, market participants remain cautious, bracing for potential further downside.