Wrapped Beacon ETH USD Price & Performance (WBETHUSD)

Ethereum has experienced significant price pressures, with its value dropping nearly 12% in a single day to $1,900. Contributing factors include fears of a U.S. recession, liquidation risks tied to crypto-backed loans, and bearish technical patterns. Long liquidations have further accelerated the downturn, with over $240 million wiped out in ETH positions.12

Renewed tariff threats and geopolitical tensions have rattled markets, with Bitcoin dropping to $86,000 and Ethereum declining 6% to $2,500. The Nasdaq also fell 1.3%, driven by losses in major tech stocks like Nvidia and Tesla. Consumer confidence has plummeted, marking its steepest decline in years, adding to market anxieties.34

The SEC has ended its multi-year lawsuit against Ripple, marking a significant win for the crypto industry. Ripple CEO Brad Garlinghouse celebrated the decision as a turning point, while legal experts argue it solidifies XRP's classification as a digital commodity rather than a security. The case's conclusion could reshape regulatory perspectives.5