The post Why Is Ethereum (ETH) Price Falling Today? appeared first on Coinpedia Fintech News
Ethereum, the world’s second-largest cryptocurrency, has entered a cooling phase after weeks of strong performance. ETH is currently trading near $4,487, slipping around 4% in the past 24 hours.
While the long-term picture for Ethereum looks promising, recent weakness shows that traders are taking a step back, raising the question—why is ETH falling now?
Short-Term Selling Pressure Led To Failed Breakout
One of the biggest reasons for the dip is short-term profit-taking. Data shows significant capital outflows from Ethereum over the past week, including a sharp $225 million migration on October 7. This reflects traders moving money out of ETH, either to lock in profits or to rotate into other assets.
At the same time, technical indicators suggest that ETH’s upward momentum has slowed, with signals like the MACD and KDJ flashing near-term exhaustion.
Ethereum tried to pu
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