Ethereum has fallen below the $3,450 threshold, registering a 5.04% decline over the past 24 hours. This drop reflects sustained selling pressure across cryptocurrency markets and heightened investor caution amidst broader macroeconomic uncertainty.
The broader digital asset market experienced a significant downturn, accelerating risk-off sentiment among traders. Ethereum currently trades at $3,445 with its market capitalization declining 3.8% to $415 billion since July 31. Trading volume remained stable at approximately $18 billion over the reported 24-hour period.