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Cryptocurrency News Articles
Ethereum (ETH) Crashes Below $2,000, Losing 5% Overnight
Mar 28, 2025 at 07:30 pm
Ethereum (ETH) dropped under $2,000 once again, losing over 5% overnight. ETH had a deeper crash than Bitcoin (BTC), which only took a step back to $86,000.
Ethereum (ETH) dropped to the $1,900 range after a general market downturn, in the past hours. The token had a deeper crash than Bitcoin (BTC), which only took a step back to $86,000.
ETH had a steeper decline than BTC, slipping below the $2,000 barrier after a broader market downturn. The token had not yet achieved the promised breakout, and it now trades at 0.022 BTC. In fiat terms, ETH was trading at $1,917.21, close to its three-month lower range.
ETH sentiment remains neutral, and open interest has fallen to $9.9B. Derivative traders had built up some liquidity at the $2,040 and $2,100 levels, but ETH may yet dip as low as the $1,800 range to fully liquidate long positions, before returning for a short squeeze.
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- The US Department of Energy is leveraging the XRP Ledger for digital energy market settlements, highlighting XRPL's growing role in RWA tokenization, even as the ledger undergoes a crucial performance update on December 3rd.
