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3 Reasons Why Ethereum Plunged 5% Today


The charts are starting to get ugly in the cryptocurrency sector once again.

Ethereum (CRYPTO: ETH) has been among the more dramatic movers intraday, with its 24-hour decline now amounting to 5.1% as of 4:00 p.m. ET. That move has been enough to push the world's second-largest cryptocurrency back below the $3,000 level, and provide a year-to-date decline for investors, many of whom may not have seen this move coming.

Let's dive into three key reasons why Ethereum is plunging today.

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Source Fool.com

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