Ethereum Plunges 10% as Crypto Market Sees Sharp Decline

Ethereum tumbled 10.07% to $2,933.47 on Sunday, marking its biggest single-day loss since August 5, 2024. The sharp drop reduced its market cap to $354.13 billion, accounting for 18.59% of the total cryptocurrency market. Ethereum’s all-time high remains $4,864.06, set on November 10, 2021, leaving it down 39.69% from that peak.

Over the past 24 hours, Ethereum traded between $2,932.96 and $3,163.03, while its weekly range was $2,932.96 to $3,434.26. The cryptocurrency has lost 12% in the past seven days, reflecting continued bearish sentiment. Trading volume over the last day reached $32.48 billion, making up 13.64% of the total crypto market volume.

Bitcoin also saw a pullback, dropping 4.66% to $97,250.1, with its market cap standing at $1.93 trillion, surpassing the total crypto market cap at 101.09%. Meanwhile, XRP plummeted 14.82% to $2.5494, bringing its market cap to $148.93 billion or 7.82% of the total market.

The broader cryptocurrency market remains under pressure amid heightened volatility, with traders closely watching support levels for potential recovery.