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ETH tumbles 10.39% in 24 hours, falls below 1,600 USDT

ETH tumbles 10.39% in 24 hours, falls below 1,600 USDT

Ether dropped under the closely watched 1,600 USDT level and was last trading at 1,599.45 USDT, according to OKX market data.

ETH
USDT

Fact Check
The primary Odaily newsflash (487438) explicitly states ETH dropped below 1600 USDT to 1599.45 USDT with a 24H decline of 10.39% per OKX market data, matching the claim's figures exactly. Binance Square reposted the same report with identical numbers, and OKX's own ETH price page confirms Ethereum dropped below $1,600 on Jun 5, 2026.
    Reference: 123
Summary

ETH fell below 1,600 USDT and was last quoted at 1,599.45 USDT, with a 24-hour decline of 10.39%, according to OKX market data. The move marks a break of a round-number price threshold that traders often watch as a near-term sentiment gauge in volatile crypto markets.

Terms & Concepts
  • ETH: Ethereum’s native token.
  • 24-hour decline: The percentage price drop over the past day.