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February 26, 2025 | 12:45 PM EST
Ethereum (ETH) has witnessed a 1.60% decline, trading at $2,381.88 as of 5:45 PM UTC. The cryptocurrency’s price slipped from its previous close of $2,492.34, with a daily trading range between $2,373.20 and $2,502.06.
The downturn reflects broader market trends, as Ethereum has lost approximately 25% of its value over the past month. In the last 24 hours alone, the price dropped by 7.8%, driven by significant outflows from Ethereum exchange-traded funds (ETFs). Data from February 26 indicates that Ethereum ETFs saw net outflows of 33,793 ETH, amounting to approximately $81.61 million.
Despite the bearish trend, some analysts remain optimistic about Ethereum’s long-term potential. Crypto market expert Crypto Rover has suggested that ETH could surge to $10,000 in the future, citing technical indicators and historical price movements as supporting factors.
Market participants are keeping a close eye on Ethereum’s price action, particularly in anticipation of upcoming regulatory decisions and macroeconomic shifts that could impact the cryptocurrency sector.
Ethereum’s current 52-week price range stands between $2,122.55 and $4,106.96, showcasing the asset’s price fluctuations over time. With a market cap of approximately $287.19 billion and a circulating supply of 120.58 million ETH, Ethereum remains the second-largest cryptocurrency by market capitalization.
Disclaimer: Cryptocurrency investments are highly volatile and speculative. This article does not constitute financial advice. Investors should consult with a financial professional before making any investment decisions.