As reported by Coindesk, Ethereum's ether dropped over 8% in 24 hours, falling to $3,206.97 amid a broader crypto selloff. The decline coincided with $1.4 billion in net outflows from U.S.-listed ether ETFs since late October and increased selling by long-term holders, who have been offloading around 45,000 ETH daily. Network activity also weakened, with monthly active addresses dropping to 8.2 million and transaction fees falling 42% to $27 million.
Ethereum Falls 8% Amid $1.4B ETF Outflows and Long-Term Holder Selling
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