$ETH As of Tuesday, April 8, 2025, at approximately 6:20 PM PST (which is Wednesday, April 9, 2025, in Debhata, Khulna Division, Bangladesh), the price of Ethereum (ETH) is fluctuating around $1,565 - $1,585 USD.
Here's a summary of the current situation and predictions for Ethereum:
Current Price Action:
* Recent Increase: Ethereum has seen a slight increase in the last 24 hours, with some sources reporting gains between +1.37% and +8.72%.
* Weekly Decline: Despite the recent uptick, ETH has experienced a significant drop over the past week, with declines ranging from -13.53% to -16.79%.
* 2-Year Low: Earlier in the week, ETH fell to its lowest price in over two years, around $1,400 - $1,410.
* High Volatility: The market appears to be experiencing high volatility, with significant price swings and liquidations reported.
Key Factors Influencing the Price:
* Global Market Turmoil: Broader economic concerns and geopolitical developments, including trade tensions sparked by US tariff announcements, are contributing to the downturn in both traditional and crypto markets.
* DeFi Liquidations: Rising liquidations in Decentralized Finance (DeFi) protocols are exacerbating the selling pressure on Ethereum. A notable liquidation of a whale's collateral on Maker involved a substantial amount of ETH.
* Ethereum ETF Outflows: Ethereum ETFs have seen significant outflows, indicating a lack of institutional buying pressure.$ETH
