Ether Tumbles 8% as ETFs Bleed Over $1.4B, Long-Term Holders Sell

Overview

Ether experienced a significant decline, dropping below a key price level amidst a broader crypto market selloff. This downturn coincided with substantial losses in exchange-traded funds (ETFs) and selling activity among long-term holders.

What Happened

On Friday, Ether’s price fell sharply, dropping below $3,100. This decline was part of an escalating selloff in the cryptocurrency market, which also saw bitcoin losing a critical price level. The combined impact of these factors contributed to a heightened sense of volatility in the market.

Why It Matters

The drop in Ether’s price is notable as it reflects not only the performance of the asset itself but also the overall sentiment in the cryptocurrency market. The loss of the $100,000 level by bitcoin further underscores the challenges facing digital assets, influencing investor behavior and market dynamics.

Impact on the crypto market

• Ether’s plunge indicates increasing volatility and uncertainty among investors.
• The decline below $3,100 may impact trader sentiment and future investment decisions.
• The loss of significant price levels in bitcoin could lead to further selling pressure across cryptocurrencies.
• Long-term holders selling their assets may signal a shift in market confidence.
• The overall market selloff raises concerns about the sustainability of recent price gains in digital assets.

Updated: 11/14/2025, 3:21:55 PM