Ethereum Plummets Below $3,450 Amid Crypto Market Decline, Drops 5.04% in 24 Hours

Key Points

1. Ethereum fell below the $3,450 mark amid a continuing market downturn, with a 24-hour price drop of 5.04%.

2. The decline was driven by sustained selling pressure across the crypto market, reflecting investor caution amid macroeconomic uncertainty.

3. The overall crypto market experienced a downward trend on August 3rd, influencing Ethereum’s price and contributing to a risk-off sentiment among traders.

4. Key metrics show Ethereum's price at $3,445, market cap at $415 billion (a 3.8% decrease since July 31), and 24-hour trading volume at $18 billion (stable compared to the previous day).

5. COINOTAG experts emphasize monitoring Ethereum’s price for signs of stabilization or further declines.