Ethereum (ETH) joined the broader market sell-off late Friday, plunging 13.7% in 24 hours to around $3,759, according to CoinMarketCap. The move came amid a wave of liquidations across the crypto market, where over $5 billion in leveraged positions were wiped out within a single day.
ETH’s market cap fell to $453.8 billion, down 13.8%, while trading volume jumped 53.6% to $72.79 billion, signaling panic‑driven activity as investors scrambled to exit positions. The price collapse followed Bitcoin’s drop below $107,000, intensifying fear across altcoins and triggering further automated sell‑offs.
Despite the sharp correction, Ethereum’s fundamentals remain strong, with rising staking participation and growing institutional inflows into ETH‑based products. Analysts view the $3,600–$3,700 range as short‑term support, with potential recovery dependent on whether Bitcoin can stabilize above the $110,000 mark.
If bearish momentum continues, ETH risks retesting the $3,400 zone, last seen in late August, before any meaningful rebound can take shape.