Ethereum Falls Hard Too, but Its Fundamentals Hold Strong
Ethereum didn’t escape unscathed: it dropped close to 6–7% amid the broader selloff. However, compared to many altcoins, ETH’s fall was somewhat cushioned by continued inflows, active decentralized finance (DeFi) usage, and long-term holders’ conviction. Market watchers point out that despite weakness, key on-chain metrics like deposit counts, staking activity, and protocol revenues are still resilient. If ETH can hold major support levels, it may bounce back faster than many expect.
