Ethereum underperforms as macro uncertainty and futures liquidations weigh

ETH is around $3,202, off 3.6% over 24 hours per Kitco, slightly underperforming BTC as mixed signals on the Fed’s 2026 path keep leverage positioning fragile. CoinDesk notes that recent futures-driven selloffs have been particularly heavy in BTC and ETH, with several sessions of $500M-plus liquidations eroding trader confidence.