Ethereum experienced a significant drop in value, with its price trading at $3,473.09. This marks a 10.31% decrease from the previous day, making it the largest one-day percentage loss since November 9, 2022.

As a result of this drop, Ethereum's market capitalization decreased to $423.79 billion, accounting for 12.41% of the total cryptocurrency market cap. This is a significant difference from its peak of $569.58 billion.

Over the past week, Ethereum has lost 10.78% of its value, with trading volumes reaching $55.93 billion, representing 20.29% of the total cryptocurrency trading volume. The cryptocurrency's price has fluctuated between $3,473.09 and $3,719.52 in the last 24 hours and is currently down 28.60% from its all-time high of $4,864.06, which was reached on November 10, 2021.

In contrast, Bitcoin is currently trading at $98,663.90, down 5.72% for the day, and has a market cap of $1,959.58 billion, accounting for 57.38% of the total cryptocurrency market. Tether USDt is trading at $0.9985, reflecting a slight loss of 0.12%, and has a market cap of $140.48 billion, representing 4.11% of the total cryptocurrency market value.