Ethereum experienced a significant decrease, falling to $3,377 within a week. This decline led to substantial investor concerns, fueling increased selling pressure. As a result, Ethereum’s market dynamics have been profoundly affected by the volatility.

Ethereum’s drop resulted in a staggering $23 billion in unrealized losses. This downturn, coupled with failure to maintain key price levels, has heightened fears among investors. Many are now opting to liquidate their ETH holdings to curb further potential losses.