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Ethereum Slump

Definition

An Ethereum slump refers to a significant decline in the market price or value of the Ethereum cryptocurrency. This market event indicates a period of sustained downward price movement for Ether, the native token of the Ethereum blockchain, often accompanied by decreased trading volume and investor confidence. Such a decline can be influenced by broader market trends, regulatory news, technological developments, or network-specific issues. It represents a notable shift in market sentiment and asset valuation.