Here’s Why Ethereum Slipped Below $2,000 – Details

Ethereum dropped below $2,000 with a 5% decline on February 27th, driven by heavy selling pressure as indicated by a spike in Taker Sell Volume to 105 million ETH. The cryptocurrency has lost over 36% in February, with US-based Ethereum ETFs experiencing $1.13 billion in outflows over five weeks, reflecting deteriorating investor sentiment.

• →Ethereum fell over 5% on February 27th, dropping from above $2,000 to around $1,920.
• →Taker Sell Volume spiked to 105 million ETH on Friday, indicating heavy selling pressure across exchanges.
• →ETH has declined more than 36% in February, marking one of the worst performances among large-cap altcoins.
• →US-based Ethereum ETFs saw 563,600 ETH ($1.13 billion) in outflows over the past five weeks.
• →Current ETH price stands at approximately $1,925, down over 5% in the past 24 hours.