Ethereum (ETH) fell to $1,565 on Friday, marking a sharp reversal from the previous session's close of $1,651.
The decline underscores the persistent volatility gripping the digital-asset market, as the second-largest cryptocurrency by market capitalization struggles to maintain upward momentum.
By Thursday, the asset had slipped to $1,636, erasing the modest recovery and signaling a return to downward pressure.
The drop follows a volatile few days for the asset.
On Wednesday, Ethereum had briefly recovered, climbing to $1,671, a 1.6% increase from the prior day's close of $1,645.
However, that gain was short-lived.
By Thursday, the asset had slipped to $1,636, erasing the modest recovery and signaling a return to downward pressure.