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Ethereum Plunges 8% in Flash Crash—Then Bulls Charge Back With Vengeance
Ethereum Plunges 8% in Flash Crash—Then Bulls Charge Back With Vengeance
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Ethereum got sucker-punched today—an 8% nosedive in minutes as weak hands bailed. But crypto's second-largest asset didn't stay down for long.
The rebound? Textbook. Buyers swarmed like sharks smelling blood, proving yet again that ETH's fundamentals attract capital faster than Wall Street hedge funds blow management fees.
Key details got buried in the chaos:
- Liquidation cascades triggered the initial drop
- Spot buyers absorbed the sell pressure by noon EST
- Derivatives markets stabilized within 90 minutes
Another day, another volatility feast for traders. Meanwhile, HODLers just yawned and staked more ETH.
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