Why Ethereum Is Plunging Today
Ethereum's (CRYPTO: ETH) status as the world's second-largest cryptocurrency means a lot of scrutiny on this top digital asset, not only from retail investors but also from those on the institutional side of the investing world who are placing big bets on this sector overall.
Today's price action in Ethereum specifically has been notable, with Ethereum dropping 2.1% since 4 p.m. ET yesterday as of 2 p.m. ET today. This daily drop was as high as 3.8% earlier in today's session.
The fact that Ethereum has made back some of these losses is certainly good news for long-term investors. With that said, let's dive into what's driving today's decline and where Ethereum could be headed from here.
Source Fool.com
