Ethereum Down From Near-Term High -- Market Talk

Dow Jones05-19

1051 ET - Since rising to over $2,400 earlier this month, ethereum is off 12% and stands at $2,118 today. Driving the sell-off are ETFs pulling back from ether, with money flow net negative in ETFs for six consecutive days, according to data from CoinGlass. Some analysts say it could be the sign of a prolonged downtrend, according to CryptoQuant in a note. "For bullish momentum to recover, the market would likely need to see aggressive sell volume cool down while price stabilizes above key support levels," says the firm. Ethereum is essentially flat today, as is bitcoin at $76,839. XRP is down 0.6% to $1.37, solana falls 0.3% to $84.58, and cardano is down 0.7% to 24.97 cents. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

May 19, 2026 10:51 ET (14:51 GMT)

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