Ethereum Lost 7% over High Volume Selloffs, Altcoin Rotation
Ethereum (ETHUSD) slumped by about 7% in the last 24 hours in the crypto market, hovering around $1,940.37 as investors closed leveraged positions. MarketForces Africa reported that Ethereum’s recent headlines swing between institutional adoption and whale-driven selling pressure.
The altcoin underperforms a broadly weaker crypto market, primarily driven by high-volume sell-offs and capital rotation away from altcoins. Ethereum’s trading volume surged 72.63% to $28.9 billion on the decline, indicating high conviction selling.
Ethereum fell nearly three times harder than Bitcoin at -6.87% vs. -2.38%, highlighting a risk-off rotation within crypto. This is reflected in Ethereum’s market dominance dropping from 10.49% to 10.02% in 24h, as capital flowed out of major altcoins.
Technically, ETH is trading well below all key moving averages of $2,033, confirming a bearish trend structure. The nearest major support is the recent swing low at $1,748, according to crypto analysts. The path of least resistance is down until buyers can push price above the immediate resistance.
The combination of high-volume selling, leveraged flush, and altcoin weakness paints a negative short-term picture. A stabilization requires holding critical support. Crypto figure Garrett Jin deposited 260,000 ETH, worth about $543 millio,n into Binance in a single, rapid transaction.
Such large exchange deposits are often interpreted as precursors to selling, raising fears of increased downward pressure on ETH’s price, which is consolidating between $1,900 and $2,150.
Also, Coinbase reported a Q4 2025 net loss of $667 million, ending an eight-quarter profit streak, with transaction revenue falling 37%.
Despite this, the news digest highlighted Fundstrat’s Tom Lee predicting another “V-shaped recovery” for Ether, noting its history of rebounding from steep declines. CBN Projected to Float OMO Bills Auction as Liquidity Spikes
