3 Reasons Why Ethereum Is Tanking Today

Ethereum (CRYPTO: ETH) is among the most closely watched cryptocurrencies in the market, and for good reason. The world's second-most valuable token, Ethereum's price action means a great deal for the overall market. Today, Ethereum is seeing strong selling pressure, now down 5.6% over the past 24 hours, as of 2:45 p.m. ET.This move appears to be both a key driver of the crypto market's 3.1% decline over the same time frame, and a reflection of increasingly bearish sentiment among investors over the past day. The stock market has also declined considerably, with the S&P 500 now down more than 1% at the time of writing. These moves reflect broader concerns that risks may be piling up heading into what could be a volatile election season.Now, despite these broader risks, there are some very specific risks to Ethereum that I think investors may want to pay attention to right now. Here are three key factors that appear to be impacting this token today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool