Ethereum's price movement today has been influenced by a combination of market dynamics and recent developments. The Ethereum Foundation's decision to sell 100 ETH has raised concerns about the asset's future price trajectory, contributing to negative market sentiment. This move coincides with broader market turbulence, including the anticipation of the Federal Open Market Committee (FOMC) meeting and the rise of new technologies like DeepSeek, which have added to the uncertainty surrounding Ethereum's price.
Additionally, the recent pause in tariffs on Canada and Mexico by the U.S. has sparked a rebound in the crypto market, but Ethereum's recovery has been less pronounced compared to Bitcoin. While Bitcoin has seen a significant bounce, Ethereum's price remains under pressure, reflecting a more cautious investor sentiment. The broader market's recovery has not been enough to offset the negative impact of the Ethereum Foundation's sell-off and the challenges Ethereum faces in maintaining its dominance in the decentralized exchange sector.
Ethereum's price has decreased by 2.84% today, with the current price at $2,801.39. The cryptocurrency reached a high of $2,886.30 and a low of $2,797.79 during the day.