ETH (Ethereum) fell 6.10% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, ETH (Ethereum) is currently priced at 3220.34 USD, with a 6.10% fall in the last 24 hours, reaching a high of 3656.15 USD and a low of 3156.03 USD, with a 24-hour volume of 50.456 billion USD. The current market capitalization is approximately 388.683 billion USD, a decrease of 25.248 billion USD compared to yesterday.

Important news about ETH recently:

1️⃣ Large ETH liquidity triggers market fluctuations An anonymous whale trader holds a total of 14,635 ETH in two wallets, worth approximately 49.3 million dollars, going long on ETH with 25x leverage. At the same time, 4,978 ETH flowing out of Tornado Cash was sold at a price of 3,273 dollars, exchanged for 16.294 million DAI. The liquidity of these large amounts of ETH may have a short-term impact on the market, increasing price volatility.

2️⃣ Institutions continue to participate in the ETH market Data shows that 2740.34 ETH (worth approximately 8.7766 million USD) was transferred from Wintermute to BitGo's deposit address. The flow of institutional funds reflects that market participation remains active, which may provide certain support for ETH prices.

3️⃣ ETH ecosystem continues to expand The smartphone-based decentralized privacy computing project Acurast has completed a $11 million financing, with participation from Ethereum co-founder and Polkadot founder Gavin Wood, among others. At the same time, the programmable data chain Irys has launched Genesis NFT, allowing free minting for 1,000 community members. These developments indicate that the ETH ecosystem continues to innovate and expand, contributing to its long-term value.

From a technical perspective, the price of ETH has experienced a significant fall in the past 24 hours, repeatedly breaking through important support levels. In the short term, it may face further adjustment pressure, but considering institutional participation and ecosystem development, the medium to long-term outlook is still worth paying attention to.

This message is not an investment advice, and investments should be made with caution regarding market volatility risks.