Ethereum (ETH) Price Drops Over 30% in the Past Month While Dropping 8% in the Past 24 Hours Alone

In the past month, Ethereum (ETH) price has dropped over 30% while it dropping 8% in the past 24 hours alone. The recent decline in ETH price coincides with the drastic downtrend the crypto market is witnessing

The recent drop in Ethereum (ETH) price has been a subject of discussion among crypto enthusiasts. In the past month alone, ETH has lost over 30%, with an 8% decline in the past 24 hours. This coincides with the broader crypto market downturn, which has seen significant outflows from traditional investors.

According to reports, there was a record outflow of $335 million from crypto products by traditional investors in the week.

While the crypto market saw a rally following Trump’s statement on keeping crypto assets as a reserve currency, which saw BTC, ETH, XRP, ADA and SOL prices surging over 25%, the pump did not last for long.

ETH price dropped back to pre-announcement price with the crypto market also seeing triple digit losses in the past two days. As of press time, ETH is currently changing hands at $2,115 with a market cap of $255.12 billion.

ETH has 9.1% dominance in the total crypto market cap.

As per Benzinga, the crypto market saw a 6.6% decline on Tuesday, the worst performance since January. The majority of the tokens traded in red with Kuna tokens down 18% in the past 24 hours.

On the other hand, several analysts are expecting ETH to attain outstanding gains this year with popular youtuber Crypto Rover predicting it to break to $18,000 price mark.