Ethereum News Today: Ethereum Dips Below $4,300 as Altcoins Plunge 5.4%-8.7% in Sharp Selloff

Generated by AI AgentCoin World
Monday, Aug 18, 2025 8:41 am ET1min read
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Aime RobotAime Summary

- Ethereum fell below $4,300, triggering a crypto selloff with $487M in liquidations as altcoins like HYPE and SUI dropped 7-8.7%.

- Bitcoin's $3,000 correction and negative funding rates signaled instability, while PPI data dashed hopes for a September rate cut.

- Analysts called it a "natural pullback," noting altcoins face sharper declines during downturns and warning of further ETH losses below $4,150 support.

- Pre-Jackson Hole de-risking and growing unstaked ETH supply were cited as factors, with prolonged corrections likely to weaken HYPE/SUI further.

A broad selloff swept through the cryptocurrency market as

Ethereum
(ETH) dropped below the $4,300 level, triggering widespread liquidations and steep losses among major altcoins, with Hyperliquid (HYPE) and
Sui
(SUI) leading the decline. The pullback followed Bitcoin’s (BTC) correction from $118,000 to $115,000, causing over $487 million in long positions to be wiped out within 24 hours, per CoinGlass data [1].

Hyperliquid (HYPE) fell 8.7% to $43.38, while Sui (SUI) crashed 7.3% to $3.55. Ethereum lost 5.4%,

Solana
(SOL) dropped 5.6%, and
Cardano
(ADA) declined 6.2%.
XRP
(XRP) fell 4.5%,
Stellar
(XLM) dropped 5.4%, and
Dogecoin
(DOGE) retreated 4.6% over the same period [1].

Nansen analyst Nicolai Sondergaard attributed the selloff to a “fairly natural pullback” after recent bullish momentum. He noted that altcoins typically experience sharper corrections during market downturns, especially when triggered by Bitcoin’s price action [1].

The decline occurred just ahead of the Jackson Hole Economic Symposium, where Federal Reserve Chair Jerome Powell is expected to address monetary policy. QCP Capital analysts observed that “some traders believe that the overnight washout reflects de-risking ahead of the symposium” [1]. The event, held annually in Jackson Hole, Wyoming, is a key venue for central bankers and policymakers to shape market expectations.

Funding rates for

Bitcoin
had also signaled potential instability, turning negative despite a recent uptick in spot prices. Meanwhile, U.S. Producer Price Index (PPI) data came in higher than expected, leading to a rapid reassessment of hopes for a September interest rate cut [1]. Bitunix analyst Dan Chen described the movement as a “corrective pullback within an uptrend” but warned that a break below $4,150 support could lead to further liquidations, potentially dragging Ethereum into the $3.9k–$3.6k range.

Chen added that altcoins, especially HYPE and SUI, are likely to remain weaker in a prolonged correction [1]. CoinGlass data showed that 75% of Ethereum’s $206.79 million in liquidations came from long positions, amounting to more than $180.52 million [1].

Bitwise Senior Investment Strategist Juan Leon previously suggested that a growing queue of unstaked Ethereum may be contributing to the recent price retracement [1].

Source: [1] HYPE, SUI Lead Altcoin Losses as Ethereum Dips Under $4,300 (https://decrypt.co/335599/hype-sui-lead-altcoin-losses-as-ethereum-dips-under-4300)