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February 25, 2025 | 12:18 PM EST
Ethereum (ETH-USD), the second-largest cryptocurrency by market capitalization, has dropped 9.51% in the last 24 hours, trading at $2,417.66 as of 12:18 PM EST. The sharp decline reflects a broader downturn in the crypto market, with multiple top assets experiencing significant losses.
Ethereum opened the day at $2,513.99, reaching a high of $2,522.32 and a low of $2,339.56, showing strong intraday fluctuations. The cryptocurrency’s 24-hour trading volume has surged to $41.99 billion, signaling increased market activity despite the drop.
Over the past year, Ethereum has traded between $2,122.55 and $4,106.96, reflecting both significant gains and sharp corrections. Its current market capitalization stands at $291.51 billion, with a circulating supply of 120.57 million ETH.
Despite the current sell-off, Ethereum remains a key player in the blockchain ecosystem, powering DeFi, NFTs, and smart contract applications. Its long-term success will depend on network upgrades, institutional adoption, and regulatory clarity.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and carry inherent risks. Investors should conduct thorough research and consult a financial advisor before making any investment decisions.