🚨 #Ethereum -4.59% in the last 24h, underperforming the market (-2.92%)
📉 Reasons for the drop:
Macro risk – Uncertainty over Fed rate cuts + geopolitics push investors into gold.
Technical – Break of key levels ($4,450), rising liquidations.
Profit-taking – ETF outflows ($152M), whales moving
$ETH to exchanges.
👉 Key question: Can
$ETH hold $4,180 ahead of Powell’s Jackson Hole speech, or will the correction deepen?
By the way, similar swings happened back in November 2021. Is history repeating itself?
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