The price of Ethereum (ETH) has dropped 25% this week, falling from a high of $2,930. This decline is a result of Bitcoin's (BTC) fall below $80,000, the first time since November 2024. The bearish sentiment is further accentuated by the formation of a Death Cross, a well-known sell signal. Furthermore, investors who purchased ETH a year ago are experiencing significant losses as indicated by the MVRV indicator, which has reached levels last seen in 2022.



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