Bitcoin fell under $68,000 on April 7, touching an intraday low of $67,724 after U.S. and Israeli strikes on Iranian infrastructure stirred risk-off flows. The move followed a failed attempt to clear $70,000 and coincided with roughly $60 million in leveraged liquidations, per Coinglass.
Ethereum briefly fell below $2,000 last week but has since stabilized, trading between $2,040 and $2,100 in Tuesday’s session. Volatility has eased to a nine-week low, narrowing ETH’s intraday swings.
Ethereum surged past $2,200 on March 16, 2026 as renewed spot ETF demand and increased corporate buying helped lift prices amid a broader market rebound. The break above a key psychological level has reinforced bullish sentiment for ETH.
ETH dropped roughly 30% even as on-chain metrics reached new highs, highlighting a disconnect between network usage and market price.
BlackRock disclosed a $41.9 million purchase of Ethereum, a move market watchers say could act as a catalyst for ETH to test the $2,400 level. The transaction underscores growing institutional demand that may tighten available supply and lift prices.
Ethereum has recorded six straight monthly losses, CoinGlass data shows, extending a multi-month downtrend that continues to sap investor sentiment. Traders cite macro risk-off moves and persistent correlation with Bitcoin as key factors.
Shiba Inu rallied 22% after Arkham tracked a transfer of 20,841,045,129 SHIB from OKX’s hot wallet to cold storage, removing roughly $132,000 worth of tokens from active exchange circulation.
Ethereum dropped to around $2,600, its weakest in two months. An on-chain whale purchased 20,000 ETH for $56.03 million, raising questions about a potential rebound to $3,000.
Ethereum has moved back above $3,000 after weeks of downward pressure, but the bounce resembles a retest rather than a decisive breakout. Traders will be watching whether ETH can hold the level to signal renewed momentum.