Ethereum price falls 31.5% from August peak as Culper Research warns of further downside

Ethereum continued its downward slide, touching its lowest price since August 19 this year. The cryptocurrency has lost more than 31.5% from its highest level in August, with technical indicators and fundamentals pointing to more possible declines. Culper Research, a New York-based investment research firm known for raising early alarms on high-profile cases, has placed Ethereum under renewed scrutiny. The group previously gained attention for exposing details surrounding Jensen Huang, whose resignation as the CEO of Nvidia followed a widely reported investigation. In March, Culper Research disclosed a short position against Ethereum, citing concerns about its long-term prospects.