Ethereum ($ETH ) price has seen sharp declines recently, dropping over 11% in a day amid a broader crypto market crash, rather than pumping. �Recent TrendsETH-related ETFs like Grayscale Ethereum Staking ETF fell to $19.345 (down 11.46%) and Grayscale Ethereum Staking Mini ETF to $22.41 (down 11.35%), reflecting heavy selling pressure.Past Pump ReasonsEarlier surges in 2025 (e.g., August to $4,600+) were fueled by network upgrades like Pectra and Dencun, record staking (36M+ ETH locked), ETF approvals, whale accumulation, high on-chain activity, and macro factors like cooling inflation and rate cut expectations. Current PressuresThe downturn ties to market-wide liquidations, whale selling, and ETF outflows, reversing prior bullish momentum from DeFi growth and technical breakouts.

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