Ethereum Falls by 4.65% in 24h on Price Stability Concerns
Ethereum (ETHUSD) has lost about 5% in the last 24 hours in massive cryptocurrency sell-offs. Trading data from CoinMarketCap.com showed that Ethereum fell 4.65% in the past 24h, underperforming Bitcoin (-2.4%) and the broader crypto market (-3.1%).
Investors are rotating out of ETH due to concerns about its near-term price stability, competition from Solana recording $15.7 million inflows, and rising Bitcoin dominance.
The crypto market is broadly negative during early trading hours on Saturday, down by 3% to settle at $3.05 trillion. Price depreciation is fuelled by fear indicators and general market perception.
The latest Crypto Fear & Greed Index reading hit 21, which suggests an extreme fear, historically a contrarian signal but often preceding further short-term declines. Fears of tighter regulations, slowing ETF inflows, and global economic risks drove risk aversion.
Ether’s market capitalisation has dipped to $365.71 billion as trading volume printed at $25.59 billion on Saturday, up by 8% in the last 24 hours.
During the week, Ethereum activated its Fusaka upgrade at epoch 411,392, introducing Peer Data Availability Sampling (PeerDAS) to boost Layer-2 throughput by 8x.
This update also implements Verkle Trees for faster node synchronisation and raises blob targets to 14 per block, aiming to reduce transaction costs long-term.
Crypto analysts said the upgrade is bullish for Ethereum’s scalability narrative, directly benefiting Layer-2 ecosystems like Arbitrum and Optimism. However, the muted price reaction suggests markets may have priced in these technical improvements pre-launch. Bitcoin Sinks Below $90K Again in Fresh Crypto Selloffs
