In brief
- The price of ETH has dropped by 4.4% in 24 hours, outpacing the wider crypto market decline.
- SharpLink and other firms have boosted their ETH treasury holdings.
- The market lift was offset by an exit queue of over 1 million ETH set to be withdrawn from staking, and ongoing network congestion.
Ethereum’s price slipped below $4,400 Friday morning, days after setting a new all-time high.
ETH has since recovered to just over $4,400, but remains down by 4.4% on the day, outpacing the broader crypto market’s 2.6% drop, according to CoinGecko data.
The decline comes after Ethereum set a new all-time high of $4,946.05 on August 24, with the token now down 11% from that peak. Despite the downturn, ETH remains up 16.6% over the past month and 73.2% over the past three months.
The latest fall comes after Ethereum struggled to sustain momentum earlier this year, laggi
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Author: Callan Quinn
