Ethereum Plunges 15% in a Week as Staking Rate Hits Record
Ethereum fell 15% over a seven-day period, dropping below the $2,000 threshold despite record-high staking rates.
Ethereum dropped 15% over the past week, falling below the $2,000 mark even as its staking rate reached record levels, according to TradingKey.
Weekly Decline and Price Action
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The second-largest cryptocurrency experienced significant downward pressure over the seven-day period. The decline brought the asset below the key psychological level of $2,000, failing to find support from broader network participation metrics.
Staking Metrics
Despite the downward price action, the network recorded a record staking rate during the same period. However, this high level of participation failed to halt the weekly losses or sustain prices above $2,000.
Key facts
- Ethereum dropped 15% over a one-week period.
- Prices fell below the $2,000 mark.
- The decline occurred despite a record staking rate on the network.
Source: news.google.com
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