ETH Price
Ethereum Price Risks $2,500 Breakdown as Whale Demand Dips
Ethereum price consolidated around the $2,700 for the better part of the past week, as bullish and bearish catalyst counteracted. On-chain data shows a $16 billion decline in ETH whale transaction volumes could title momentum in favor of the bears.
Ethereum (ETH) Flatlines at $2,700 as Bulls and Bears Lock Horns
Ethereum (ETH) price has displayed an unusually flat performance this week as bullish and bearish market signals counteracted each other. On the bearish side, weakening whale demand and persistent macroeconomic uncertainties have weighed on ETH’s upside potential. The latest on-chain data from IntoTheBlock indicates that institutional participation has significantly waned over the past two weeks, reducing the likelihood of sustained upward momentum.
Conversely, ETH price action has remained resilient amid broader crypto market consolidation. While Bitcoin’s dominance continues to suppress Ethereum’s relative strength, optimism surrounding future ETF approvals for altcoins has helped maintain ETH within its current range. Additionally, major ETH staking platforms have continued to see inflows, suggesting that long-term holders remain confident despite short-term volatility.
According to market data, Ethereum (ETH) has remained within a tight trading range, opening the week at $2,693 and currently trading at $2,701 as of February 15. This marginal 0.3% movement underscores a neutral market stance, with traders awaiting a definitive catalyst to dictate ETH’s next directional move. With dwindling whale activity and a precarious technical setup, Ethereum could soon be at risk of a breakdown below $2,500 if selling pressure intensifies.
Ethereum Whale Demand Plunges $16B in Two Weeks
While spot market sentiment remains neutral, ETH on-chain transaction patterns suggest potential downside risks ahead. The latest data from IntoTheBlock’s Large Transaction Volume metric reveals a significant drop in high-value ETH transfers over the past two weeks, signaling reduced interest from institutional investors and large holders.
The chart above indicates that Ethereum’s large transaction volume fell from $23.5 billion on February 3 to $7.3 billion by February 14. This $16.2 billion decline represents a major contraction in market demand, explaining why ETH’s price has struggled to sustain momentum. Such a sharp decline in transaction volume typically suggests waning institutional interest, particularly as capital shifts toward other assets like Dogecoin (DOGE) and XRP, which have gained traction amid the SEC’s recent ETF acknowledgment.
Historically, large transaction volume serves as a key leading indicator for market sentiment. A sustained downturn in this metric often precedes further price weakness, as fewer whales are willing to absorb selling pressure. If this trend continues, ETH may face additional downside risks, particularly if buying interest fails to recover in the coming weeks.
Ethereum Price Forecast: $2,500 Breakdown Risks Heighten
Ethereum price forecast shows the ETH market momentum remains precarious as it struggles to reclaim key resistance levels amid fading institutional demand. The daily chart highlights persistent downward pressure, with ETH trading below its 50-day exponential moving average (EMA) at $2,821 and its 100-day EMA at $3,044. These levels now serve as formidable resistance zones, preventing any meaningful recovery attempts.
The Parabolic SAR indicator continues to flash bearish signals, with its dots hovering above price action, reinforcing the downtrend. Additionally, the Bull-Bear Power (BBP) indicator remains deeply negative at -99, indicating that bearish momentum remains dominant.
If ETH fails to reclaim the $2,821 resistance level in the coming sessions, a retest of $2,500 appears increasingly likely. A break below this key psychological support could expose ETH to deeper losses, potentially targeting the $2,300 region. However, if Ethereum manages to attract fresh buying interest, reclaiming the 50-day EMA could shift momentum in favor of the bulls, allowing for a potential recovery toward $3,000.
With institutional demand waning and technical indicators skewing bearish, Ethereum remains at risk of further declines. Traders should closely monitor large transaction volumes and key resistance levels to gauge ETH’s next major move.
Frequently Asked Questions (FAQs)
Ethereum faces resistance at $2,821 due to weakening institutional demand and bearish technical indicators, limiting its upside potential.
A sharp drop in large transactions signals reduced interest from institutional investors, increasing the likelihood of further price weakness.
Traders should watch the $2,500 support level for potential downside risks and $2,821 as key resistance for a bullish reversal.
ibrahim
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Ether (ETH) price declined by over 11.75% in the last 24 hours to around $1,900. At its intraday low, the cryptocurrency was trading for $1,755, its lowest price since October 2023.
ETH/USD four-hour price chart. Source: TradingView
Several factors appear to be contributing to ETH price losses, including:
US recession fears and its overall impact on risk-on markets.
Massive long liquidations in the crypto market.
Crypto loans backed by ETH as collateral facing liquidation risks.
Bearish technicals.
Ether price declines with risk-on assets
Ether’s ongoing price drop mirrors similar declines in the broader risk-on market due to unfavorable macroeconomic conditions.
Key points:
TOTAL crypto market cap vs. Nasdaq, Dow Jones, S&P 500, and US 10-year Treasury note yields four-hour chart. Source: TradingView
JPMorgan raised US recession risk to 40% for 2025, up from 30%, citing US President Donald Trump’s “extreme US policies” as a key risk factor.
Goldman Sachs also raised its 12-month recession probability to 20%, up from 15%.
Earlier in March, Trump imposed 25% tariffs on all goods from Mexico and Canada, and 10% tariffs on Chinese imports.
Canada and Mexico have announced intentions to impose retaliatory tariffs on US goods, escalating trade tensions and raising concerns about a potential trade war.
Meanwhile, China has already retaliated by increasing tariffs on multiple US products and imposing export controls and investment restrictions on 25 US firms.
These tariffs are expected to increase consumer prices and contribute to US inflation.
US recession fears are impacting Ethereum and the crypto sector, notably:
Ether, Bitcoin, and other top-ranking crypto assets have historically declined during periods of economic turbulences, e.g., the Covid-19 sell-off in March 2020.
As of March 11, the 52-week correlation between the crypto market and the US benchmark index, the S&P 500 index, was 0.69.
TOTAL crypto market cap and S&P 500’s 52-week correlation coefficient. Source: TradingView
A consistently positive correlation increases the odds of a crypto market decline if US stocks keep falling, especially as the trade war drags on further.
Bond traders see no need for a rate cut before June, with CME data showing 95% and 52.5% odds of a pause in the Fed’s March and May meetings, respectively.
Target rate probabilities for March’s Fed meeting. Source: CME
Bad DeFi loans increase Ether sell-off pressure
A $74 million DeFi loan on the Sky protocol, collateralized with $130 million in ETH, almost got liquidated after Ether price fell below the liquidation level just above $1,900.
As it happened:
The borrower added $34 million in ETH as collateral to avoid liquidation.
Withdrew $1.6 million in USDT from Binance, swapped it for DAI, and deposited into Maker.
Reduced debt to $73.1 million while ETH’s price continued to decline.
Liquidation level remained at $1,836 per ETH, closer to ETH’s current price above $1,900.
Nearly $353 million in debt is tied to such loans, risking liquidation if ETH’s price falls 20% from here.
Ethereum liquidation levels in DeFi. Source: DefiLlama
Long liquidations accelerate ETH downtrend
Ether’s tumble over the past 24 hours coincided with a wave of long liquidations that forced traders to exit their leveraged positions.
Key takeaways:
Over $240 million worth of ETH positions were wiped out in the last 24 hours, with long liquidations accounting for $196.27 million, or 82% of the total.
ETH total liquidation chart. Source: Coinglass
The sharp price drop triggered a cascade of forced sell-offs as traders betting on Ethereum’s price increase were liquidated.
When leveraged long positions fail to maintain margin requirements, exchanges automatically sell off their holdings to cover losses.
Such liquidations accelerate price declines, exacerbating the downturn.
The broader crypto market also experienced a sharp deleveraging event, with total liquidations reaching $897.26 million across assets.
Crypto market liquidations (24 hours). Source: TradingView
Ether eyes further decline toward $1,700
From a technical perspective, Ether’s price decline today is part of its prevailing inverse-cup-and-handle (IC&H) pattern.
Key points:
ETH/USD daily price chart. Source: TradingView
A temporary consolidation (handle) formed near $2,700, indicating a failed breakout attempt.
ETH broke below key support levels, confirming the IC&H breakdown, leading to more losses.
The measured move target from the pattern suggests a potential decline toward $1,700, aligning with the dotted support level.
The 50-day EMA ($2,600) and 200-day EMA ($2,929) remain far above, reinforcing bearish sentiment.
Key levels to watch:
ETH price is inside a descending channel pattern since late February.
As of March 11, the ETH/USD pair was rising after testing the channel’s lower trendline as support.
ETH/USD four-hour price chart. Source: TradingView
Such rebounds have taken prices toward the channel’s upper trendline in recent history.
If the fractal repeats, ETH’s next upside target could be around $2,000, aligning with the 0.236 Fibonacci retracement line.
A reversal from current price levels could have ETH test the IC&H downside target of $1,700.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ethereum price once again faces strong selling pressure crashing under $2,000 earlier today, and opening the gates for another 75% drop to $1,250 levels. Over the last week, ETH has lost more than 16%, thereby extending its year-to-date losses to more than 37%, suggesting a strong bearish sentiment for the altcoin. On the other hand, the Ethereum ETF outflows have also surged last week, suggesting dropping institutional interest. The world’s largest altcoin Ethereum (ETH) has come under strong bearish grip eroding all of its gains following the US Presidential election in November 2024. Crypto analyst Ali Martinez highlighted that Ethereum is breaking down of a parallel channel, a technical pattern that suggests bearish price action ahead. If Ethereum price fails to hold this support, it can crash by another 75% all the way to $1,250 levels. Today’s ETH price drop comes amid the broader crypto market correction as market liquidations soar to more than $600 million as per the Coinglass data. Additionally, the ETH open interest has dropped by 2.67% to $19 billion, hinting bearish sentiment among futures traders. The Ethereum market faced significant turbulence yesterday, with over $230 million in long positions liquidated, according to crypto analyst Ali Martinez. The wave of liquidations has shaken out overleveraged traders, highlighting the current market volatility surrounding the altcoin. Furthermore, the institutional interest in Ethereum has been falling fast. During the last week, the total outflows from spot Ethereum ETFs surged over $120 million. Despite this fall, crypto market analysts continue to stay bullish for ETH expecting it to kickstart its recovery journey again. Despite the bearish onslaught over the past few weeks, market analysts continue to be bullish about an Ethereum price recovery in the coming days. Crypto analyst Ali Martinez reports that Ethereum’s largest whales have purchased 330,000 ETH in the past 48 hours, signaling strong accumulation by major holders. Additionally, over 600,000 ETH have been withdrawn from crypto exchanges in the last week, pointing to a potential shift toward long-term holding. These trends highlight growing confidence among large investors and reduced selling pressure on exchanges. For Ethereum momentum to shift on the upside, the bulls must reclaim $2,460 resistance. A massive 10.95 million investors hold ETH at these levels, and thus, investors need to break past this to trigger a rally to the upside. Crypto trader and analyst Crypto Patel has expressed bullish sentiment on Ethereum (ETH), emphasizing his strategy of buying during market dips. “Buying $ETH on every dip for $10k/ETH,” Patel shared. He believes that this is the last opportunity for accumulation before Ethereum’s next major price surge. Bhushan Akolkar Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Ethereum price surged 15%, climbing from $2,200 to $2,550 within a frenetic one-hour period on Sunday, March 2, after Trump confirmed ETH’s inclusion in the official Crypto Strategic Reserve. Ethereum price action came under intense scrutiny over the weekend as markets reacted to Trump’s official confirmation of the much-anticipated Crypto Strategic Reserve. Notably, Trump had initially omitted ETH from the list of altcoins to be included in the strategic reserve bucket of assets. The announcement, which came around noon in the U.S. trading session, had featured only SOL, ADA, and XRP, sparking concerns that ETH was excluded due to recent network update squabbles and changes in leadership. “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be at the heart of the Reserve. I also love Bitcoin and Ethereum! – Donald Trump, via Truth Social, March 2, 2025 Within an hour, SOL, XRP, ADA, and Bitcoin prices all rose by double digits, while ETH remained rooted at the $2,200 level. However, nearly two hours after the initial announcement, Trump issued another post clarifying that both ETH and BTC were also included on the list of assets to be acquired by the United States Treasury. Following this clarification, ETH price promptly joined the rally. Within one hour of Trump’s second post, Ethereum surged 15%, moving from $2,200 to reclaim territory above the $2,550 level. Considering that XRP and Cardano have now recorded gains exceeding 20% at press time, ETH could potentially witness further upside, especially as U.S.-based investors holding ETH ETFs could mount major buy orders when markets reopen on Monday, March 3. Movements observed in the derivatives market show that some strategic traders deployed massive leverage on Sunday in hopes of booking amplified profits if the trading week begins on a positive note, as widely anticipated after Trump included ETH in the Crypto Strategic Reserve. Coinglass Liquidation Map data, which measures the real-time balance of leverage deployed on active long futures contracts against shorts, shows bulls established significant dominance on Sunday, hinting that the majority of traders are betting on further gains when markets reopen for the week. The ETH liquidation map chart above shows that bulls mounted a total of $1.14 billion at press time on Sunday, while short leverage has dwindled to just $333 million. This reflects that bulls now dominate the ETH market, with long leverage exceeding shorts by approximately 70%. Aligning with the trending news events, it appears short traders are opting to close out their positions early rather than risk bigger losses, as the current ETH price rally has the backing of the United States government. With the U.S. government set to begin the official process of purchasing ETH, BTC, SOL, and ADA, the current bullish setup in the derivatives market could persist. Unless another comparable bearish catalyst arises, ETH is poised to face weakened resistance levels as it approaches the $3,000 mark in the week ahead, as implied by the dwindling short positions in the derivatives market. Another key factor contributing to the positive swing in Ethereum’s market momentum was the leadership change announced by the Ethereum Foundation on Saturday, March 1. The Foundation appointed Hsiao-Wei Wang, a core researcher with seven years of experience, and Tomasz Stańczak, CEO of Nethermind, as co-Executive Directors. This leadership restructuring aims to enhance technical expertise and improve communication within the Ethereum ecosystem. Following recent controversies surrounding network updates, this leadership shuffle has lifted investor sentiment ahead of President Trump’s major announcement on Sunday. After intraday 15.72% gains, Ethereum price forecast charts continue to flash bullish signals for a potential rally towards $4,000 as March 2025 kicks off on a positive note. As seen below, the ETHUSDT 12-hour chart reveals a textbook falling wedge breakout, a historically strong reversal pattern. If confirmed by a decisive close above the upper trendline near $2,500, ETH price could advance further towards $3,000 mark, especially as the 70% bullish dominance in the derivatives market hints weaker resistance clusters at key price levels ahead. Typically, the falling wedge pattern projects a measured move equal to the height of the formation, with the current target signaling a potential ETH price rally toward $4,000 in the coming weeks. The strong bullish candle on the breakout signals robust buying interest, reinforced by increasing volume, confirming the validity of the trend reversal. The price currently hovers around $2,514, with the next key resistance zone near $2,800, which previously acted as a supply zone. If Ethereum clears this level, momentum could accelerate toward the $3,200-$3,400 range, aligning with the upper bound of historical resistance. A sustained move above this threshold would validate the full breakout target near $4,000. On the flip side, failure to hold above $2,500 could invite selling pressure, potentially retesting the former resistance-turned-support level at $2,300. A break below this threshold might invalidate the bullish setup, opening the door for a deeper pullback. However, given the strength of the breakout, Ethereum bulls appear poised for further gains in the near term. Ethereum soared 15% after Donald Trump confirmed its inclusion in the U.S. Crypto Strategic Reserve, boosting investor confidence. Ethereum could target $2,800 in the short term, with a breakout above this level potentially driving prices toward $4,000. ETH bulls control 80% of derivatives market leverage, signaling strong buying interest and reduced short positions, reinforcing bullish momentum. ibrahim Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. 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Will Ethereum Price Crash Further From Here?
Ethereum Liquidations Skyrocket
Will ETH Recover Anytime Soon?
Source link ETH Price
Falling Wedge Pattern Hints $4K Rally as Trump Confirms ETH, SOL, ADA, XRP for Crypto Reserve
Ethereum (ETH) Price Soars 15% as Trump Confirms ETH Inclusion in Crypto Reserve
Bulls Establish 80% Dominance in ETH Derivatives Market
Ethereum Foundation’s Leadership Shuffle also Lifted Market Sentiment
ETH Price Forecast: Falling Wedge Pattern Hints $4K Rally Ahead
Frequently Asked Questions (FAQs)
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