Ethereum Down 10% In Seven Days: Expect ‘A Lot More Volatility,’ Traders Say
Posted On February 3, 2025
Ethereum (CRYPTO: ETH) has seen a 10% drop in price over the past seven days, even as large investors remain active in the market.
What Happened: World Liberty Financial, the Trump-related DeFi project, now holds 70,000 ETH, worth $224 million, at a current loss of around $36.7 million.
The firm increased its ETH holdings last week after previously owning 45,405 ETH.
1inch’s Investment Fund made a notable purchase of 7,289 ETH, highlighting continued interest from institutional investors in the altcoin.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
Ethereum (CRYPTO: ETH) | $2,759.14 | $332.5 billion | -7% | -10.3% |
Bitcoin (CRYPTO: BTC) | $101,419 | $2.01 trillion | +3.4% | +1.97% |
XRP (CRYPTO: XRP) | $2.77 | $16.1 billion | +3.5% | -5% |
Trader Notes: Crypto analyst Ali Martinez observed that Ethereum is forming a head-and-shoulders pattern, suggesting that it must hold the $2,700 level to …