News from Dow Jones Newswires reveal that Ethereum is experiencing a decline. The cryptocurrency fell by $175.99 or 6.25% to drop to $2642.00. This is the lowest level it has reached since November 5, 2024, when it was trading at $2413.99.
The digital currency has been on a downward trend for four consecutive days, losing 20.32% during this period. This marks the longest losing streak since December 10, 2024, when it fell for four straight trading days. The last four days have been the worst stretch for Ethereum since the four-day period ending on August 5, 2024, when the coin fell by 23.05%.
Looking at the larger picture, Ethereum is down 21.01% year-to-date and 44.96% from its all-time high of $4800.00 on November 9, 2021, based on 5 p.m. levels. However, compared to 52 weeks ago (February 6, 2024), when it traded at $2382.01, Ethereum is up by 10.91%. Despite its current dip, it is still 21.77% up from its 52-week low of $2169.66 on September 6, 2024.
The lowest trading point for Ethereum today was $2639.33, marking a 6.34% decrease at the intraday low. Please note that the Ethereum price mentioned here is a 5 p.m. ET snapshot from Kraken, compiled by Dow Jones Market Data.
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