Ether Struggles As Global Markets Face A Sharp Selloff

Global markets took a hit today after the Japanese Nikkei index recorded its worst performance since March. This massive selloff in traditional finance has spilled over into the digital asset space, putting heavy pressure on most major tokens.

Ether is currently feeling the heat, dropping twice as hard as Bitcoin during the market retreat. Meanwhile, the HYPE token has seen a ten percent slide as traders move away from the chip sector and reallocate their capital.

Despite the current volatility, Ether remains one of the few major assets that has managed to hold onto a slight gain for the week. Investors are now watching to see if these support levels will hold as the wider market tries to find a bottom.