Why is Ethereum (ETH) price down today?

Bad loans, US recession woes, and a troubling amount of long liquidations are driving Ether prices lower today.

Ether (ETH) price declined by over 11.75% in the last 24 hours to around $1,900. At its intraday low, the cryptocurrency was trading for $1,755, its lowest price since October 2023.

ETH/USD four-hour price chart. Source: TradingView

Several factors appear to be contributing to ETH price losses, including:

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