Ethereum Price Drops 17% In 7 Days: What Is Going On With ETH?
Posted On December 23, 2024
Ethereum (CRYPTO: ETH) has dropped 17% in the past week, but analysts and traders suggest this could be a setup for a significant rally in 2025, fueled by increased investor interest and key bullish metrics.
What Happened: Lookonchain posted on X on Dec. 23 that North Korean hackers suffered a $458,000 loss after betting on an Ethereum price increase.
They deposited $476,489 USDC on Hyperliquid (CRYPTO: HYPE) to take a long position at $3,791.8 but were liquidated when Ethereum’s price fell to $3,251.8.
CryptoQuant detailed shows key Ethereum metrics having turned bullish, such as moderately positive funding rates.
The …
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