Moving with the whole market
The total crypto market is −2.3% in 24 hours. ETH is −3.7%, about the same, so this looks like a market-wide move rather than something specific to Ethereum.
Why is the crypto market moving? →
why / eth
Why is Ethereum down today?
Ethereum (ETH) is down 3.7% in the last 24 hours, trading at $2,228. The whole crypto market is −2.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −2.4% today.
ETH 24h−3.69%
Whole market 24h−2.31%
Bitcoin 24h−2.43%
Link to BTC (30d)0.94
Volume vs normal2.2×
Layer 1 (L1) sector−2.29%
signals
What is moving Ethereum
Strongest signals first.
Follows Bitcoin closely
Over the last 30 days, ETH's daily moves had a 0.94 correlation with Bitcoin (1 means identical direction). It usually follows Bitcoin, which is −2.4% today.
Bitcoin price →Trading volume is 2.2× normal
At today's pace, ETH trades about 2.2 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.
The Layer 1 (L1) sector is down
Ethereum is part of the Layer 1 (L1) sector, which is −2.3% today. ETH is moving with its sector.
Layer 1 (L1) sector →Lowest price in 30 days
ETH at $2,228 is below every daily close of the past month (previous low $2,253). Breaking a recent low can trigger stop-loss selling.
2 stories about Ethereum today
Recent headlines: “Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets” and “Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?”. Read them below.
Weak month
ETH is −7.3% this week and −16% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of ETH positions right now, on the chart, in the Blockdeck app.
See VIP layers →news
Ethereum news today
next
Keep exploring Ethereum
faq
Questions
Why is Ethereum down today?
Ethereum (ETH) is down 3.7% in the last 24 hours, trading at $2,228. The whole crypto market is −2.3%, so this is mostly a market-wide move. It usually moves with Bitcoin, which is −2.4% today.
Will Ethereum go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: ETH is −7.27% over 7 days and −16.14% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, ETH's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.