Crypto
Ethereum Price Tumbles Amid Increased Supply and Regulatory Concerns
Ethereum's price has taken a hit today, slipping 1.91% to $1,869.21.
The asset remains above its short-term moving average but below its medium- and long-term trend markers.
A significant factor contributing to the decline is the sale of 1,000 ETH by Quantum Solutions for $1.9 million.
This increased supply in the market has put downward pressure on prices, although US-listed spot Ethereum ETFs have recorded net inflows, indicating ongoing institutional demand for Ethereum exposure.