Ethereum Falls 11% In Bearish Trade

Ethereum was trading at $2,396.95 by 18:16 (22:16 GMT) on the Investing.com Index on Tuesday, down 10.75% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Ethereum's market cap down to $299.58B, or 14.18% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $2,396.02 to $2,699.73 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 3.68%. The volume of Ethereum traded in the twenty-four hours to time of writing was $14.89B or 21.02% of the total volume of all cryptocurrencies. It has traded in a range of $2,396.0151 to $2,818.0505 in the past 7 days.

At its current price, Ethereum is still down 50.72% from its all-time high of $4,864.06 set on November 10, 2021. Elsewhere in cryptocurrency trading

Bitcoin was last at $58,331.7 on the Investing.com Index, down 7.66% on the day.

Tether USDt was trading at $1.0002 on the Investing.com Index, a gain of 0.00%.

Bitcoin's market cap was last at $1,191.54B or 56.41% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $118.08B or 5.59% of the total cryptocurrency market value.

Source: Investing.com