Cryptocurrency Q&A Why did the Ethereum price drop?

Why did the Ethereum price drop?

CharmedSun CharmedSun Thu Dec 26 2024 | 5 answers 1137
I've noticed a significant drop in the price of Ethereum recently. I'm wondering what factors might have contributed to this decrease. Could it be market trends, specific events, or something else entirely? Why did the Ethereum price drop?

5 answers

TaekwondoPower TaekwondoPower Sat Dec 28 2024
Ethereum experienced a significant drop in its price this week.

Was this helpful?

242
95
SilenceSolitude SilenceSolitude Sat Dec 28 2024
The cryptocurrency fell to a crucial support level of $3,541.

Was this helpful?

129
69
Eleonora Eleonora Sat Dec 28 2024
This represents a 10% decrease from its recent peak value.

Was this helpful?

382
65
SeoulSerenitySeekerPeace SeoulSerenitySeekerPeace Fri Dec 27 2024
The decline occurred following the Federal Reserve's announcement of a hawkish interest rate policy.

Was this helpful?

104
79
SumoMight SumoMight Fri Dec 27 2024
This announcement not only impacted Ethereum but also had repercussions on other major cryptocurrencies.

Was this helpful?

280
41

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts