$ETH 📉 Ethereum falls 5.6% in 24 hours: what's happening? 🚨
Ethereum (ETH) plummeted 5.6%, reflecting a wave of selling driven by geopolitical tensions, the drop in Bitcoin, and massive liquidations in futures. 📊💥
🔎 Why did ETH fall?
🌍 Clash between Elon Musk and Donald Trump shakes the markets, triggering cryptocurrency liquidations of $1 billion.
⚠️ Traders liquidated $260M in long ETH positions, reducing open interest by 5.5%.
📉 ETH rejected key resistance at $2,745, breaking its support at $2,500–$2,550.
📊 Key market data:
✅ BTC Dominance: 63.72% (+0.46% in 24h).
✅ Fear and Greed Index: Drops to 46 (Neutral).
✅ Outflows from ETH ETFs: $278M, increasing selling pressure.
💭 What's next for Ethereum?
With Bitcoin below $103,000, the key will be whether ETH can hold above $2,400–$2,450 and if institutional investment helps to curb the decline. 🚀👀
👉 Do you think Ethereum will rebound soon, or will we see more selling? Let us know your thoughts in the comments. 🔥👇
