Ethereum’s price fell below 3,000 USD for the first time since early November 2024. Previously, it peaked at 3,750 USD on January 7, 2025, before experiencing a downward trend in the following days.
Today’s market adjustment led to liquidations amounting to approximately 185 million USD for ETH, surpassing even Bitcoin. This situation reflects the challenges facing over-leveraged traders amid market volatility.
As the broader market continues to fluctuate, Ethereum’s drop highlights the impact on investor sentiment. The price had rallied after the US elections but has now slumped to alarming lows, provoking concerns among investors.
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