News
Ethereum Drops to 2-Month Low
Ethereum (ETH) has dropped to $2,315, marking its lowest price since mid-August. The market crash is attributed to various factors including significant declines in Asian markets and macroeconomic pressures, while ETH specifically faces increased short positions and a drop in ETF inflows. Over the past 24 hours, approximately $293 million in leveraged positions have been liquidated, with ETH leading the trend.