Home Market Analysis Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals

Market Analysis

Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals

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October 23, 2024

Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.

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Bitcoin(BTC)$80,332.94-3.03%
Ethereum(ETH)$1,849.89-1.53%
Tether USDt(USDT)$1.00-0.01%
XRP(XRP)$2.240.36%
BNB(BNB)$577.851.76%
Solana(SOL)$121.76-2.42%
USDC(USDC)$1.000.02%
Cardano(ADA)$0.70-4.01%
Dogecoin(DOGE)$0.163116-3.50%
TRON(TRX)$0.2232750.11%
Pi(PI)$1.63-3.76%
UNUS SED LEO(LEO)$9.720.40%
Stellar(XLM)$0.2703365.09%
Chainlink(LINK)$12.85-3.04%
Hedera(HBAR)$0.186002-5.64%
Avalanche(AVAX)$18.19-1.17%
Shiba Inu(SHIB)$0.000012-2.82%
Sui(SUI)$2.14-3.49%
Toncoin(TON)$2.720.14%
Litecoin(LTC)$86.89-4.87%
Bitcoin Cash(BCH)$325.94-8.59%
MANTRA(OM)$6.34-2.34%
Polkadot(DOT)$3.89-1.95%
Ethena USDe(USDE)$1.000.00%
Dai(DAI)$1.000.01%
Bitget Token(BGB)$4.16-0.65%
Hyperliquid(HYPE)$12.37-3.49%
Monero(XMR)$206.02-0.89%
Uniswap(UNI)$5.79-0.33%
Aptos(APT)$5.01-2.12%
NEAR Protocol(NEAR)$2.530.15%
Pepe(PEPE)$0.000007-0.59%
Ethereum Classic(ETC)$17.67-1.56%
Internet Computer(ICP)$5.36-1.37%
Ondo(ONDO)$0.82-4.22%
OKB(OKB)$40.78-1.58%
Aave(AAVE)$161.47-5.00%
Mantle(MNT)$0.72-2.93%
Cronos(CRO)$0.079314-2.11%
OFFICIAL TRUMP(TRUMP)$10.42-0.18%
First Digital USD(FDUSD)$1.000.01%
Bittensor(TAO)$239.71-6.94%
VeChain(VET)$0.023195-3.94%
Celestia(TIA)$3.54-2.69%
Kaspa(KAS)$0.0704611.78%
POL (prev. MATIC)(POL)$0.207443-3.07%
Filecoin(FIL)$2.70-2.87%
GateToken(GT)$19.98-0.31%
Algorand(ALGO)$0.190750-1.91%
Cosmos(ATOM)$3.85-1.46%

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