Ethereum Price Tumbles to $2,646.40 Amid 3.31% Loss

Ethereum's price has taken a hit, dropping by 3.31% today to $2,646.40.

The market capitalization remains at $323.08 billion, with a 24-hour trading volume of $17.05 billion.

This marks the second spot in the crypto rankings, just below another prominent asset that this source doesn't name but is widely known as rank one.

Looking back, Ethereum's all-time high was reached at $4,946.05, and it has been steadily dropping since September 2022, when it transitioned to Proof of Stake, reducing energy consumption by over 99%.