ETH: Ethereum Falls Below $2,2k, Worst fall since April 6
Ethereum was down 10 percent for the day, trading at $2,175.

Quick overview
- Ethereum experienced a significant drop of 10 percent, trading at $2,175, marking its largest single-day loss since April 6.
- The cryptocurrency's market capitalization fell to $263 billion, representing 8.1% of the total market cap, down from a peak of $570 billion.
- Despite the bearish market, a wealthy trader acquired approximately 9,400 ETH for about $39 million, increasing their total holdings to $330 million.
- The decline in Ethereum's value coincided with rising geopolitical tensions, particularly a US military attack on Iran.
Live ETH/USD Chart
Ethereum was down 10 percent for the day, trading at $2,175.
It was the biggest percentage loss in a single day since April 6, Ethereum’s market capitalization dropped to $263 billion, or 8.1% of the total market capitalization, amid the bearish market.
Ethereum’s market capitalization peaked at $570 billion.
Ethereum’s price has fluctuated between $2,174.06 and $2,313 for the week. Ethereum’s value has dropped over the last seven days, falling 13.82 percent. it. fluctuated between $2,174 and $2,678 for the week.
Ethereum has dropped 55.30 percent from its peak of $4,864 on November 10, 2021.
A wealthy Ethereum trader has amassed tens of millions of dollars in Ether, despite a general market decline amid rising tensions in the Middle East and risk aversion..
213 acquired approximately 9,400 ETH (about $39 million) in two significant transactions, increasing its total Ether holdings to $330 million.
The decline occurred as markets processed news of a direct US military attack on Iran, which would have significantly escalated the ongoing Israel-Iran conflict, which started on June 13 with Israel’s “Operation Rising Lion.”. Whale actively amassed Ethereum and used Lido’s liquid staking protocol to deploy it amidst the bear market.
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