Ethereum ($ETH) Crypto Forecast: Down 8.6% Today

What is Ethereum?

Ethereum (ETH) is a popular cryptocurrency token known for its smart contract functionality and decentralized applications.

Why is Ethereum going down?

ETH crypto is down 8.6% on Jan 13, 2025 18:13

• ETH dropped 18% over a month and 8% recently, possibly indicating a bearish trend.
• Justin Sun's transfer of a significant amount of Ethereum ($320M) may have heightened selling pressure.
• Negative sentiment and labeling Ethereum as a "cursed coin" in recent discussions could have exacerbated the bearish movement.
• The general market sentiment, impacted by macroeconomic factors following the US election, might have influenced the downward pressure on Ethereum's price.

ETH Price Chart

ETH Technical Analysis

ETH News

Bankless on defensive after dumping Solana AI coin on day one

Bankless on defensive after dumping Solana AI coin on day one

https://protos.com/bankless-on-defensive-after-dumping-solana-ai-coin-on-day-one/

Post-US Election Honeymoon Ends as Macroeconomic Data Drives Markets

Post-US Election Honeymoon Ends as Macroeconomic Data Drives Markets

https://cryptopotato.com/post-us-election-honeymoon-ends-as-macroeconomic-data-drives-markets/

Ethereum drops 18% in a month: Will It fall below $3K?

Ethereum drops 18% in a month: Will It fall below $3K?

https://ambcrypto.com/ethereum-dips-18-in-a-month-is-a-drop-below-3k-next/

'Cursed Coin' Ethereum Down 8%: What Is Going On?

'Cursed Coin' Ethereum Down 8%: What Is Going On?

https://www.benzinga.com/markets/cryptocurrency/25/01/42954595/cursed-coin-ethereum-down-8-what-is-going-on?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Justin Sun Moves $320M in Ethereum as Crypto Market Faces Pressure

Justin Sun Moves $320M in Ethereum as Crypto Market Faces Pressure

https://cryptodnes.bg/en/justin-sun-moves-320m-in-ethereum-as-crypto-market-faces-pressure/

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Ethereum Price History

13.00.2025 - ETH Crypto was down 5.4%

• Ethereum (ETH) saw a considerable decline in its price today, influenced by several factors:
• The general decline in the tech sector affecting the overall cryptocurrency market.
• Substantial outflows amounting to $256 million from digital asset investment products, reflecting decreased investor trust in ETH.
• A widespread market downturn impacting major tokens such as Bitcoin, XRP, and Ethereum, leading to a uniform decrease in values.
• The substantial financial setback encountered by a prominent Ethereum investor, potentially affecting market sentiment and prompting additional sell-offs.

13.00.2025 - ETH Crypto was down 5.3%

• The bearish movement in Ethereum (ETH) today, dropping below 3,100 USDT with a 4.79% decrease, could be attributed to the exploit of the Ethereum DeFi protocol UniLend Finance for nearly $200,000. This security breach may have shaken investor confidence in the DeFi sector, leading to a sell-off of ETH.
• Ripple's progress in Dubai and the potential for XRP ETFs may have diverted attention and investment away from Ethereum, impacting its price negatively.
• Stablecoin issuance increases on the Tron and Ethereum networks might have raised concerns about market oversaturation, contributing to the downward pressure on Ethereum's price.
• Despite modest inflows in digital asset investment amid economic shifts, the negative developments surrounding Ethereum seem to have outweighed any positive sentiment in the market, leading to its bearish movement.

08.00.2025 - ETH Crypto was down 5.4%

• The bearish movement in ETH could be attributed to the Ethereum Foundation selling 100 ETH amid the broader crypto market crash, potentially signaling profit-taking or a lack of confidence in the short-term market outlook.
• News about Ripple's XRP potentially being next in line for U.S. Spot ETFs in 2025 to rival Bitcoin and Ethereum might have diverted some investor attention away from ETH, causing a dip in its price.
• Mention of POPCAT's price slipping below $0.65 with a potential 50% crash imminent could have created fear and uncertainty in the overall cryptocurrency market, leading to a sell-off in assets like ETH.
• The completion of Movement Labs' $100 million Series B funding round might have attracted some capital away from cryptocurrencies like ETH, impacting its price negatively amidst the market downturn.

08.00.2025 - ETH Crypto was down 5.3%

• The bearish movement of ETH today could be attributed to the overall market sentiment, as evidenced by Dogecoin liquidations crossing $24 million and Solana being down 6%.
• The news of Bhutan City building a strategic cryptocurrency reserve, including Bitcoin and Ethereum, might have added some uncertainty to the market, leading to profit-taking and selling pressure on ETH.
• The announcement of an XRP ETF potentially being approved "very soon" could have shifted investor focus away from Ethereum, causing a temporary dip in its price.
• The Ethereum Foundation conducting its first ETH sale in 2025 amid a big price slump could have also contributed to the bearish movement, as it might have raised concerns about selling pressure and market outlook for ETH.

08.00.2025 - ETH Crypto was down 5.0%

• ETH faced a bearish movement possibly due to concerns about a potential plunge to $3K after recent rejection.
• A comparison between Solana and Ethereum by investment giant Fidelity might have influenced investor sentiment, leading to a shift in focus towards Solana.
• Solana being down 6% despite being touted as 'relatively cheap' could have added to the negative sentiment surrounding ETH.
• The anticipation of XRP potentially rivaling Bitcoin and Ethereum for U.S. Spot ETFs in 2025, as mentioned in the Ripple President's statement, might have diverted attention away from Ethereum, contributing to its bearish movement today.

13.00.2025 - ETH Crypto was down 6.3%

• Ethereum (ETH) experienced a significant bearish movement today, with outflows totaling $256 million, contrasting with the overall crypto market inflows of $48 million. This could indicate a shift in investor sentiment away from ETH towards other digital assets like XRP.
• The drop in Ethereum's price by over 7% in a week has led to speculations about the potential growth of alternative cryptocurrencies like Remittix, as investors seek higher returns in a changing market landscape.
• The negative price action in Ethereum may be partly influenced by broader market trends, as seen in the decline of Bitcoin's price today. Market dynamics and profit-taking behaviors could be contributing factors to ETH's bearish movement.
• Ripple's gaining ground in Dubai and the possibility of XRP ETFs could be diverting attention and capital away from Ethereum, impacting its price negatively amidst a competitive crypto environment.

13.00.2025 - ETH Crypto was down 6.7%

• ETH experienced a bearish movement likely due to significant outflows totaling $256 million.
• The negative sentiment surrounding ETH being labeled as the "most cursed" coin might have contributed to investor uncertainty and selling pressure.
• The upcoming competition from Lightchain AI could have also impacted ETH's price as investors may be exploring alternative options in the market.
• Despite price predictions for January 13, the current market conditions and news seem to have influenced ETH's bearish trend for the day.

13.00.2025 - ETH Crypto was down 7.0%

• ETH experienced a bearish movement along with other major cryptocurrencies like Solana and Cardano, indicating a broader negative sentiment in the crypto market.
• The modest inflow of $48 million into crypto investment products, with Bitcoin and XRP leading, suggests that investors may be shifting their focus towards more established cryptocurrencies, potentially impacting the demand for altcoins like Ethereum.
• Allegations of a 'pump and dump' scheme involving Solana could have created a sense of distrust and caution among investors, leading to a sell-off in various cryptocurrencies, including Ethereum.
• The labeling of Ethereum as the 'most cursed' coin might have contributed to a psychological effect on traders, causing them to doubt the future prospects of the cryptocurrency and triggering a wave of selling pressure.

13.00.2025 - ETH Crypto was down 6.7%

• The bearish movement in ETH today could be attributed to the largest liquidation of 2025. This significant sell-off might have triggered a negative sentiment among investors.
• The launch of a new token, ANIME, on the Ethereum network may have diverted some attention and funds away from ETH, impacting its price negatively.
• The overall bearish wave in the cryptocurrency market, affecting not only ETH but also other major tokens like Solana and Cardano, could have contributed to the downward pressure on ETH's price.
• Despite the potential highlighted about new crypto presales, investors might have chosen to reallocate their investments, leading to the decrease of more than 6% in ETH within 24 hours.

13.00.2025 - ETH Crypto was down 8.1%

• ETH faced bearish movement possibly influenced by negative sentiment in the crypto market.
• Doubts surrounding approval of a Litecoin (LTC) ETF may have impacted market sentiment, contributing to the downward trend.
• 'Trading paralysis' linked to Bitcoin and Ethereum likely intensified selling pressure on ETH.
• Despite market downturn, Dogecoin (DOGE) maintaining a key level and showing potential for a rally hints at resilience in select altcoins amid prevailing market uncertainty.

13.00.2025 - ETH Crypto was down 8.6%

• ETH witnessed a notable downward trend, potentially linked to market conditions and prevailing pessimism.
• A substantial transfer of Ethereum by Justin Sun might have influenced the token's downward trajectory.
• Relative stability in the net inflows of BTC, XRP, and SOL contrasted with ETH's decline, potentially diverting attention from Ethereum.
• Uncertainty surrounding LTC ETF approval and trading restrictions affecting Bitcoin and Ethereum could have contributed to apprehension in the cryptocurrency market, prompting the bearish movement in ETH.

13.00.2025 - ETH Crypto was down 8.6%

• ETH dropped 18% over a month and 8% recently, possibly indicating a bearish trend.
• Justin Sun's transfer of a significant amount of Ethereum ($320M) may have heightened selling pressure.
• Negative sentiment and labeling Ethereum as a "cursed coin" in recent discussions could have exacerbated the bearish movement.
• The general market sentiment, impacted by macroeconomic factors following the US election, might have influenced the downward pressure on Ethereum's price.