Ethereum Price Plummets: Why Is It Crashing Today?

Ethereum experienced a significant downturn today, dropping nearly 20% to trade below $1,467 during the mid-London session. This follows a trend of bearish sentiment across the crypto market, with a 12% decline in its total valuation pushing it down to about $2.45 trillion. The drop is attributed to a combination of factors: the broader market sell-off, high volatility, and whales liquidating long positions.