Ethereum ($ETH) Crypto Forecast: Down 5.3% Today

What is Ethereum?

Ethereum (ETH) is a popular cryptocurrency token known for its smart contract functionality and decentralized applications. The overall cryptocurrency market has been experiencing volatility recently, with various tokens showing mixed movements.

Why is Ethereum going down?

ETH crypto is down 5.3% on Jan 8, 2025 17:08

• 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.

ETH Price Chart

ETH Technical Analysis

ETH News

Dogecoin Liquidations Cross $24 Million As Bulls Suffer Double-Digit Beat Down

Dogecoin Liquidations Cross $24 Million As Bulls Suffer Double-Digit Beat Down

https://www.newsbtc.com/news/dogecoin/dogecoin-liquidations-24-million/

Bhutan City to Build Strategic Cryptocurrency Reserve Including Bitcoin and Ethereum

Bhutan City to Build Strategic Cryptocurrency Reserve Including Bitcoin and Ethereum

https://cryptodnes.bg/en/bhutan-city-to-build-strategic-cryptocurrency-reserve-including-bitcoin-and-ethereum/

XRP ETF 'Very Soon,' Likely Next After Bitcoin And Ethereum, Ripple President Says

Ripple President Monica Long has stated that an XRP spot exchange-traded fund ( ETF ) is likely to be approved "very soon," and is expected to be next in line after the recently approved Bitcoin BTC/USD and Ethereum ETH/USD ETFs.

https://www.benzinga.com/markets/cryptocurrency/25/01/42878368/xrp-etf-very-soon-likely-next-after-bitcoin-and-ethereum-ripple-president-says

Ethereum Foundation Conducts First ETH Sale in 2025 Amid Big Price Slump

Ethereum Foundation Conducts First ETH Sale in 2025 Amid Big Price Slump

https://u.today/ethereum-foundation-conducts-first-eth-sale-in-2025-amid-big-price-slump

Solana Down 6% As Expert Touts 'Relatively Cheap' Price: What Is Going On?

Solana Down 6% As Expert Touts 'Relatively Cheap' Price: What Is Going On?

https://www.benzinga.com/markets/cryptocurrency/25/01/42876937/solana-down-6-as-expert-touts-relatively-cheap-price-what-is-going-on?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Trending Today

Cardano ($ADA) Crypto Forecast: Up 8.8% Today

XRP ($XRP) Crypto Forecast: Up 8.6% Today

Stellar ($XLM) Crypto Forecast: Up 7.4% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 5.4% Today

Movement ($MOVE) Crypto Forecast: Up 5.8% Today

Sui ($SUI) Crypto Forecast: Down 5.4% Today

Arbitrum ($ARB) Crypto Forecast: Down 5.1% Today

Hedera Hashgraph ($HBAR) Crypto Forecast: Up 5.1% Today

Toncoin ($TON) Crypto Forecast: Up 5.1% Today

Pepe ($PEPE) Crypto Forecast: Up 5.0% Today

Ethereum Price History

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 7.7%

• Bearish movement in ETH today could be attributed to the Ethereum Foundation selling a significant amount of ETH, potentially leading to increased selling pressure and a dip in prices.
• Insights on the top Ethereum tokens to buy now may have created hype and diverted attention away from ETH, causing a temporary decline in its value.
• Concerns raised about Bitcoin ETFs potentially posing a risk to BTC in the future might have impacted other cryptocurrencies like ETH, contributing to a broader market sell-off.
• The announcement of an eco-friendly Bhutan city bolstering reserves with Bitcoin, Ethereum, and BNB could have underscored the growing adoption of cryptocurrencies, though the market sentiment towards ETH today was predominantly bearish due to other factors.

08.00.2025 - ETH Crypto was down 7.7%

• The bearish movement in ETH today could be attributed to the overall market sentiment despite bullish signs indicating a correction may be imminent.
• The news of the Ethereum Foundation selling 100 ETH to fund research and development might have added selling pressure on the token, leading to the bearish movement.
• The adoption of Bitcoin and other digital assets by Bhutan's GMC could have shifted investor focus away from Ethereum temporarily, impacting its price negatively.
• Lotte Group's integration of Arbitrum for its metaverse platform did not directly impact Ethereum's price today, but it showcases the growing adoption of blockchain technology in various industries, which could indirectly influence cryptocurrency markets.

08.00.2025 - ETH Crypto was down 8.2%

• ETH faced selling pressure along with Bitcoin in the crypto market, leading to a significant dip in its price.
• The price prediction of bears targeting $2400 after a 9% dip might have contributed to the negative sentiment surrounding ETH.
• Despite the bearish movement today, speculations hinting at a potential massive price rally for ETH in the future could provide some hope for investors looking for long-term gains.

08.00.2025 - ETH Crypto was down 7.5%

• ETH faced a notable decline, losing 9% of its value within a 24-hour period.
• The broader cryptocurrency market also experienced a downturn, resulting in losses exceeding $630 million for bullish traders and $689 million liquidated as Bitcoin and Ethereum dropped.
• Sentiment towards cryptocurrencies shifted significantly, potentially influenced by concerns surrounding market volatility and external factors such as regulatory changes or macroeconomic conditions.
• While some investors view this as a buying opportunity, others remain cautious regarding potential risks like the future impact of Bitcoin ETFs on the market.

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.

08.00.2025 - ETH Crypto was down 8.2%

• Bhutan's city adding Bitcoin, Ethereum, and Binance to its strategic reserves may have sparked some interest in the market, but it was not enough to counter the overall bearish sentiment.
• The price prediction of Ethereum targeting $2400 after a 9% dip likely contributed to the selling pressure as traders adjusted their positions accordingly.
• The struggles in the crypto market, particularly with Bitcoin and Ethereum facing selling pressure, added to the negative sentiment and led to the bearish movement in ETH.
• Inflows of $52M into Bitcoin Spot ETF amid BlackRock surge might have diverted some attention and capital away from Ethereum, impacting its price negatively.

08.00.2025 - ETH Crypto was down 7.6%

• Today's bearish movement of ETH could be linked to the Ethereum Foundation selling 100 ETH amidst a broader crypto market downturn. This sale likely increased selling pressure on ETH, resulting in a price drop.
• Despite the recent ETH price decline, positive sentiments suggest a potential end to the correction. However, market participants remain cautious given the ongoing volatility and uncertainty.
• Information on Movement Labs nearing the finalization of a $100 million Series B funding round might have shifted investor focus away from ETH, impacting its price negatively as investors explored other project opportunities.
• Speculation about an XRP ETF launch following Bitcoin and Ether ETFs, as indicated by the Ripple President, may have directed attention towards XRP, leading to a relatively weaker performance of ETH compared to other cryptocurrencies.

08.00.2025 - ETH Crypto was down 7.6%

• The bearish movement in ETH can be attributed to the broader cryptocurrency market downturn, resulting in significant losses for bullish traders.
• The adoption of Bitcoin and other digital assets by Bhutan's GMC may have diverted investor attention away from altcoins like ETH, leading to selling pressure on the token.
• Lotte Group's integration of Arbitrum for its metaverse platform may have sparked interest in alternative digital assets, potentially drawing investment away from ETH.
• The surge in NFT minting and the growing DeFi-NFT narrative might have shifted investor focus towards NFT projects, impacting the demand for ETH in the short term.

08.00.2025 - ETH Crypto was down 9.3%

• The bearish movement in ETH today could be attributed to the broader market sentiment following Bitcoin's plunge ahead of the FOMC minutes, indicating a cautious approach by investors towards cryptocurrencies.
• Inflows reaching $52M in Bitcoin Spot ETF amid a surge in BlackRock could have diverted some attention and capital away from altcoins like Ethereum, leading to a downward pressure on its price.
• Despite the positive outlook for Ethereum in the long term, hinting at a potential price rally in January 2025, short-term market dynamics and external factors like regulatory concerns may have influenced today's bearish movement.
• The partnership between Ripple and Chainlink to strengthen RLUSD adoption in DeFi, while not directly impacting Ethereum, could have contributed to a shifting focus within the cryptocurrency space, affecting the trading patterns of different tokens like ETH.

08.00.2025 - ETH Crypto was down 8.0%

• The bearish movement in ETH today may be linked to the Ethereum Foundation selling a significant amount of ETH, potentially creating selling pressure on the token.
• The emergence of an eco-friendly Bhutan city planning to strengthen reserves with Bitcoin, Ethereum, and BNB could have diverted investor focus from ETH, resulting in reduced demand.
• Despite Cardano (ADA) whales acquiring a substantial amount of ADA possibly boosting market optimism, it might have shifted attention away from ETH, contributing to its downward trend.
• Expectations surrounding an XRP ETF alongside favorable U.S. crypto regulations possibly attracted investor attention towards XRP, causing a relative decrease in demand for ETH.