Ether, the second largest cryptocurrency by market value, crashed hard on Monday when the prospect of a US-led trade war weighed on risk assets. Data shows that investors probably bought dip and snapped coins at lower prices.

According to the analysis company Intotheblock, Ether worth nearly $ 1 billion back centralized exchanges on Monday, the highest single-day net outflow since January 2024. “This indicates that traders take advantage of the fall to accumulate ETH,” Intotheblock said in a telegram- broadcasts.

Ether’s award crashed as low as almost $ 2,000 on some exchanges as the market’s liquidity deteriorated and dealers shrinked to relieve futures. While prices have risen to $ 2,800, the mood remains bearish, with data from ultrasound.

Ether ETFs see record volume

Ether Exchange-Traded Funds (ETFS) experienced the record trading volume on Monday in the middle of a fleeting day in markets after President Donald Trump introduced and then paused customs duties in Canada and Mexico.

Dealers moved around $ 1.5 billion value of shares in the nine ETFs, Bloomberg shows. Half of this volume was caught by Blackrocks Ishares Ethereum Trust (etha).

General currents, however, were not out of the norm. According to the Farside -Investors, the ETFs attracted $ 83.6 million Net Net Inflicts on Monday, with most of it entering Fidelity’s Ethereum Fund (FETH). Etha, still the largest fund out of the nine ETFs, so no net inflow Monday.

Late on the US day, Eric Trump, son of President Donald Trump, called on his supporters at X to add more ether and claim it’s a good time to buy. The tweeten added to today’s already crazy volatility with ETH’s price that spiked at nearly $ 2,900. At the time of press, ETH changed hands to $ 2,780, in front of 3.5% from 24 hours before.