Ethereum Crashes Below $3K as Liquidations Spike and Volatility Looms

Solana (SOL) is experiencing significant pressure as it struggles to maintain its price above critical support levels, currently trading in the low-$120 range following a sharp decline of 39% in the fourth quarter of 2025. Despite steady inflows into investment products, the cryptocurrency's network activity has decreased, leading to a divided market sentiment regarding its future.

Glassnode's recent data indicates that net flows for Bitcoin and Ethereum exchange-traded funds (ETFs) in the U.S. have remained negative since November, signaling a decline in institutional demand for these cryptocurrencies.

XRP spot ETFs in the U.S. have accumulated approximately $1.2 billion in assets within a few weeks, contrasting with a decline in interest for Bitcoin and Ethereum ETFs as crypto prices soften. Despite XRP's recent struggles, the ETF inflows indicate a robust demand for this asset class.

Ethereum's price is currently under significant downside pressure, struggling to maintain levels above the point of control (POC) after multiple rejection attempts, with targets now set around $2,600. This follows a broader trend of volatility in the cryptocurrency market, where Ethereum has recently faced challenges in holding critical support levels.

Ethereum is increasingly being utilized by Wall Street for tokenized money, faster settlements, and regulated on-chain infrastructure, despite institutions refraining from explicitly naming the blockchain. This trend highlights a growing acceptance of blockchain technology in traditional finance.