Ethereum (ETH) has joined the wider market downturn, slipping below the $4,100 mark amid a wave of bearish sentiment in crypto trading.
The decline comes as Bitcoin struggles near $113,000, pulling major altcoins down with it. ETH, often seen as a bellwether for altcoin performance, has been particularly sensitive to shifts in market confidence, reflecting broader liquidity pressures.
Analysts note that despite Ethereum’s strong fundamentals—ranging from growing adoption in decentralized finance (DeFi) to continued network upgrades—the token remains vulnerable to global risk-off trends and profit-taking by traders.
While ETH’s dip has raised concerns of further downside, some investors view the correction as a chance to accumulate. A recovery could hinge on Bitcoin regaining stability and renewed capital inflows into the market.
For now, all eyes are on whether Ethereum can reclaim the $4,100 support or face another round of sell-offs in the days ahead.