In the past 24 hours, Ethereum ($ETH) has dropped by 0.70%, slightly less than the overall cryptocurrency market's decline of 1.16%. Despite the intraday pullback, it has maintained a 14% upward trend over the past month. However, the current slight decline continues a deep correction that has lasted for a week, which has caused ETH to erase nearly 7.88% of its market value.

From the driving factors, this ETH sell-off is the result of a combination of institutional selling, technical breakdowns in the market, and rising cautious sentiment among investors. #ETH