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CoinGape

Top Reasons Why Ethereum Price is Down Today?

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Summary
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67% Informative

The ETH price is down over 6% in the last 24 hours , dropping to $ 3,120 .

This price drop is due to several factors, including the Fed ’s hawkish stance, negative ETF flows, and a massive sell-off from ETH whales.

The negative Spot ETH ETFs have also contributed to this price drop.

Whales are still accumulating, which is positive for the ETH price.

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English

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