🚨 ETH Crashes Over 13% in 24 Hours

🗓️ Date: [Insert specific date if known]

📉 Drop: ~$377 loss

📊 Percentage: ~13.1%

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🧠 Possible Reasons Behind the Plunge

1. Market-Wide Liquidations: A sharp drop like this often triggers a cascade of long position liquidations on leveraged platforms. Once stop-losses start hitting, it's a domino effect.

2. Macroeconomic Fears: News of sticky inflation, hawkish Fed signals, or a stronger dollar could have made risk assets like crypto less appealing.

3. ETF Drama or Delay: If any anticipated Ethereum ETF approvals were delayed or negative regulatory news surfaced, it could've shattered short-term bullish sentiment.

4. Whale Dump: A major wallet or institution might have offloaded a large amount of ETH, spooking the market.

5. AI/Algo Panic: Automated trading bots react quickly to volatility — and sometimes irrationally — compounding drops.

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📉 Market Reactions

Altcoins followed ETH’s lead, with major coins like SOL, AVAX, and MATIC also seeing red.

Gas fees momentarily spiked as users rushed to DEXs to reposition.

Social sentiment turned sharply bearish on platforms like Twitter and Reddit.

Stablecoin inflows suggest many exited to safety, waiting for clearer direction.

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🧐 What Now?

Support Zone Test: ETH is now hovering near a critical support level around $2,500. A break below could signal deeper pain; a bounce might trigger a quick recovery.

Buying Opportunity? Bulls might see this as a discounted entry point, especially if fundamentals haven't changed.

Volatility Alert: Expect choppy moves ahead. ETH doesn’t usually move this hard without some follow-through.

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📌 Final Take

This kind of drop is a stark reminder: Crypto remains a high-risk, high-reward space. Whether this is just a healthy correction or the start of a deeper downturn depends on how the next few days unfold. Strap in — Ethereum might be in for a wild ride.