ETH
Tag: ETH
As ETH Slide Continues, Exec Says Further Decline Will Result in $336 Million DeFi Sell-Off
Ethereum is under pressure due to leadership issues, stalling adoption, and declining on-chain metrics, casting aspersions on its dominance in the DeFi space. Ethereum’s value has dropped 52% over the past year, with a potential further decline if liquidations occur. A significant $130 million ETH-backed loan in Sky is causing…
ETH Price Plummets as Testnet Issues Threaten Pectra Upgrade
Ethereum has slumped to around US$1.9k, down over 15% in the past week and 52% annually, with 9 out of 10 recent trading days showing net negative flows for spot Ethereum ETFs. MEXC VP Tracy Jin suggests the upcoming Pectra upgrade could substantially increase Ethereum’s fundamentals, potentially driving ETH price…