Flash
February 27, 2025 12:49 PM
Ethereum (ETH) has experienced a sharp 7.73% decline in the last 24 hours, bringing its price down to $2,307.42. The drop places ETH as the third-largest loser on Binance, reflecting broader market weakness and increased selling pressure.
The downturn comes amid heightened volatility in the cryptocurrency market, with other major assets also experiencing pullbacks. Analysts attribute the decline to macroeconomic uncertainty, profit-taking, and technical resistance levels. Despite the drop, Ethereum maintains strong market fundamentals, with ongoing developments in staking, Layer 2 adoption, and institutional interest.
Investors are closely monitoring support levels to assess potential recovery trends in the coming days.
Disclaimer: Backdoor provides informational content only, it is not offered or intended to be used as legal, tax, investment, financial, or other advice. Investments in digital assets involve risk, and past performance does not guarantee future results. We recommend conducting your own research before making any investment decisions.