Ethereum To Bitcoin Ratio Hits Record Low—Is Ether In Trouble?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum’s value in relation to Bitcoin is at its all-time low since 2020, sparking rumors about its position in the world of cryptocurrency. The ETH/BTC ratio now stands at only 0.02, according to the latest figures from The Kobeissi Letter. The decline is against the backdrop of Bitcoin consolidating its strength while Ethereum is having a hard time keeping up as of early 2025. Related Reading Market Statistics Reflect Widening Divide Between Cryptocurrencies The first quarter of 2025 has been hard on the owners of Ethereum. The cryptocurrency has declined by 46% since the beginning of the year, while Bitcoin fell by only 12%. This expanding discrepancy has attracted investors who anticipated a different outcome in the wake of recent market developments. BREAKING: The Ethereum to Bitcoin ratio has dropped to 0.02, its lowest since December 2020. Over the last 2.5 years, the ratio has declined a whopping 75%. This comes as Bitcoin prices have significantly outperformed Ethereum. During this time, Ethereum prices have risen 36%… pic.twitter.com/IUIunn9deX — The Kobeissi Letter (@KobeissiLetter) March 31, 2025 “Bitcoin’s narrative as digital gold has strengthened,” market observers quoted in reports said. That narrative has been attractive to big money holders, but Ethereum has not experienced the same kind of interest. Technical Issues Mar Ethereum Upgrade Ethereum’s Pectra upgrade has encountered a number of setbacks. Reports said several test runs failed before the recent rollout of the Hoodi testnet. These technical issues have contributed to market jitters. The transition to proof-of-stake, a significant shift in the way Ethereum operates, hasn’t provided the market uplift many had hoped for. High gas prices remain an issue for users, and other blockchain networks become more appealing. ETH is currently trading at $1,878. Chart: TradingView ETF Success For Bitcoin Hasn’t Helped Ethereum Bitcoin ETFs have attracted billions of dollars since being approved earlier this year. According to market observation, Ethereum has not been spared this trend, with institutions remaining hesitant on its long-term worth. Bitcoin’s fixed supply makes it a more secure option for large investors seeking protection against inflation, market analysts pointed out in recent comments. This has enabled Bitcoin to remain at the top despite adverse overall market conditions. Related Reading Mixed Projections For Ethereum’s Future Value A few market analysts think Ethereum can hit $20,000 if things improve and the Pectra upgrade is finally rolled out successfully. Others caution that investors may transfer funds to alternatives such as Solana or Avalanche if Ethereum continues to lose ground. Based on CoinMarketCap data as of publication time, Ethereum was at $1,84, having climbed 1.35% within the last 24 hours. This minor daily increase hasn’t altered the larger context of Ethereum’s woes. The coming weeks will be decisive, explained analysts tracking the cryptocurrency market. Their reports indicate Ethereum must demonstrate strength or face continued decline relative to the increasing dominance of Bitcoin. Featured image from Gemini Imagen, chart from TradingView
Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum, the second-biggest cryptocurrency, is getting a lot of attention right now. Some experts who watch the market closely think its price could go above $2,100 soon. They’ve been looking at how Ethereum’s price has been moving and see patterns that suggest it might be heading up. Related Reading Short-Term Signs Point Upward One analyst, Crypto Patel, shared his thoughts on the social media platform X. He pointed out a setup on the Ethereum chart that looks promising for a price increase. Patel said Ethereum made a strong move upwards, which changed the way the market is structured. This happened after the price reacted to a level he had already identified as a good place for buyers to step in. #Ethereum Prints Bullish Displacement – Swing High Liquidity in Sight$ETH Price respecting bullish POI with clear displacement on tap. Currently testing mitigation block post-retest. Anticipating bounce to sweep swing high liquidity at $2128.12. ➡️ Entry: $2064.60➡️TP:… pic.twitter.com/5Q2q5xrNpM — Crypto Patel (@CryptoPatel) March 25, 2025 Right now, Ethereum’s price is bouncing off a key area around $2,064. This area is called a mitigation block, and it often shows strong buying interest from big investors. The idea is that these investors use this zone to adjust their previous orders before continuing to push the price in a certain direction. Patel suggests that buying in this upper part of the mitigation zone lines up with how these big players often operate. The target price Patel mentioned is $2,128. This level is what’s known as a swing high liquidity zone. These zones often have a lot of stop-loss orders and pending buy orders clustered together. If the price moves into this area, it could trigger those orders and cause a sharp move, allowing investors to profit before the price possibly changes direction. Patel set a stop-loss for this trade at $2,027, just below the mitigation block. This helps limit potential losses if his prediction is wrong. ETH is currently trading at $2,064. Chart: TradingView Long-Term Pattern Looks Familiar Another analyst, TimeFreedomROB, also posted on X. He compared Ethereum’s current weekly price pattern to what happened between 2018 and 2020. His chart shows Ethereum breaking below an ascending triangle pattern, which is similar to how it broke below a descending triangle before its big recovery in 2020. Back then, Ethereum’s price hit a low point and then soared from under $100 to almost $4,800. #ETH 1W Price is showing the Same type of Break below support as last Cycle 👀 Will Price Recover Rapidly Like Last Time? 📈 pic.twitter.com/uoIDTd5w8L — TimeFreedom ®️0️⃣🅱️ ⚡ (@TimeFreedomROB) March 25, 2025 Currently, Ethereum is trading near $2,060. It recently dropped below the $2,300 mark and tested a lower trendline around $1800. This area also lines up with price levels where there was a lot of demand in previous years. Related Reading The analyst’s chart suggests this could be the final dip before a significant price increase, similar to what happened in past cycles. The area between $1,800 and $2,000 has acted as a strong support level in the past. For Ethereum’s price to confirm a return to an upward trend on the weekly chart, it needs to climb back above the $2,200 to $2,400 range. As of now, Ethereum is trading at $2,064. Over the last week, it has gained 6%. Its total market value is $250 billion, and the amount of Ethereum traded in the last 24 hours is $11.71 billion. These analysts are presenting scenarios based on how Ethereum’s price has behaved in the past, but it’s important to remember that the cryptocurrency market can be unpredictable. Featured image from Gemini Imagen, chart from TradingView
Ethereum Supply Squeeze? 10-Year Low Ignites Price Speculation
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley! So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to an X post by crypto analyst CryptoGoos, Ethereum (ETH) may be nearing the end of a bear trap. The analyst predicts that the cryptocurrency could surge past its recent range high of $4,000, potentially eyeing a new all-time high (ATH) of $10,000. Ethereum Breaking Out Of The Bear Trap? Ethereum appears poised to break free from a potential bear trap, as the second-largest cryptocurrency by market cap continues to trade in the low $2,000 range after enduring a strong sell-off since December 2024. Related Reading For the uninitiated, a bear trap refers to a false signal that makes it seem like an asset’s price is continuing to fall, tempting traders to short it – only for the price to suddenly reverse and rise, causing those short positions to get liquidated. In a recent X post, CryptoGoos emphasized that ETH may be nearing the end of such a trap. The analyst shared an ETH weekly chart illustrating how the cryptocurrency could be on the brink of a trend reversal after months of relentless sell-offs. Source: CryptoGoos on X Fellow crypto analyst Merlijn The Trader echoed CryptoGoos’ sentiment, highlighting similarities between ETH’s current price action and patterns seen in 2020. He noted that the last time this setup emerged, “panic turned into a historic rally.” Source: Merlijn The Trader on X Crypto investor Rekt Capital also weighed in, pointing out that Ethereum is trading within a “historical demand area.” The investor stated: If price can generate a strong enough reaction here, then #ETH will be able to reclaim the $2196-$3900 Macro Range (black). If ETH does this before the March Monthly Close, then this entire sub-$2200 downside would end up as a downside wick. Source: Rekt Capital on X ETH About To Exit Accumulation Phase Seasoned crypto commentator Ted shared a chart indicating that ETH has broken out of its short-term accumulation phase. He explained that the digital asset has been in accumulation since its drop from $3,000 to $1,800. Ted added that sustained price action above $2,000 could ignite a significant price rally. Source: Ted on X Noted analyst Daan Crypto Trades revealed that he recently converted some of his long-term Bitcoin (BTC) holdings into ETH for the “first time in years.” He cited the current ETH/BTC trading pair as presenting an attractive risk/reward setup. Related Reading Beyond bullish price action, several technical indicators are signaling a potential ETH rally in the near term. Notably, ETH’s weekly Relative Strength Index (RSI) recently hit a multi-year low – a sign that a trend reversal could be imminent. However, rising ETH reserves on crypto exchanges remain a point of caution, as they could suppress bullish momentum if investors opt to sell. At press time, ETH trades at $2,029, up 7.8% in the past 24 hours. ETH trades at $2,029 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from X and Tradingview.com
XRP Vs. ETH: Bold Prediction Claims ‘Dying’ Ethereum’s Reign Is Ending
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A cryptocurrency expert thinks that XRP might overtake Ethereum in market value in the next three months, which could threaten Ethereum’s position as the second biggest cryptocurrency. This claim has triggered arguments in the cryptoverse, with some people doubting if Ethereum can stay in its No. 2 spot. Related Reading Ethereum’s Struggles Raise Worries Ethereum has struggled in recent months, leading some analysts to suggest that its dominance is fading. According to reports, Ethereum’s market cap has been declining, and its price has failed to gain significant momentum. Analyst Says Ether Is ‘Dying’ A crypto analyst who made this bold prediction says that some of the issues the Ethereum network is being hounded with include slow processing and high fees. These problems have made some users and developers explore alternative blockchain solutions, including XRP Ledger. ETH is dying. I give it 90 days. That’s all it takes for $XRP to flip its market cap. — EDO FARINA 🅧 XRP (@edward_farina) March 15, 2025 Given the current state of the market, Edoardo Farina, a market analyst and the founder of Alpha Lions Academy, thinks XRP could soon surpass Ethereum in terms of market capitalization. “ETH is dying,” the pundit asserted. Image: Gemini Imagen For comparison, with a market valuation of $230 billion, ETH remains the second-largest cryptocurrency asset despite the poor performance. XRP’s Growth Gains Attention The token’s expanding use cases and regulatory clarity are the primary reasons why XRP supporters believe it has what it takes to surpass Ethereum. Ripple, the organization responsible for XRP, has been developing cross-border payment solutions that have the potential to increase their adoption. XRP could surpass Ethereum in market capitalization within three months if it maintains its present trajectory, according to Farina. XRP market cap currently at $130 billion. Chart: TradingView.com Ethereum is worth more than $400 billion right now, while XRP is valued about $35 billion. So, even though there is a big difference, a flippening could happen if Ethereum keeps having trouble and the price of XRP soars. Dispute Regarding The Prediction Not everyone agrees with the forecast. Many argue that XRP’s decentralized finance (DeFi) and smart contract features would never allow it to rival Ethereum. Ethereum has thousands of projects built on its blockchain, giving it a strong foundation despite its recent challenges. Related Reading What Is The Next Action? While the debate continues, market trends will ultimately determine whether XRP can challenge Ethereum’s position. For now, Ethereum remains the second-largest cryptocurrency, but if its struggles persist, XRP supporters may have reason to be optimistic. The next months will be of great relevance. If Ethereum can find its rhythm, its position will most likely become more dominant. But if XRP sees major price rises and general acceptance, the crypto rankings might change significantly. Featured image from Gemini Imagen, chart from TradingView
Historical Pattern From 2020 Hints Ethereum Could Be Poised For A Parabolic Rally, Analysts Explain
Ash is a dedicated crypto researcher and blockchain enthusiast with a passion for diving deep into the evolving world of decentralized technologies. With a background in writing and a natural curiosity for how digital assets are shaping the future, he has immersed himself in various sectors of the cryptocurrency space, including decentralized finance (DeFi), NFTs, and liquidity mining. His journey into crypto started with a desire to fully understand the technology behind it, leading him to explore and engage with these systems firsthand. Ash’s approach to DeFi goes beyond surface-level research as he actively participates in decentralized protocols, testing their functionality to gain a deeper understanding of how they operate. From experimenting with staking mechanisms to exploring liquidity mining strategies, he is hands-on in his exploration, which allows him to provide practical, real-world insights that go far beyond theoretical knowledge. This immersive experience has helped him develop a comprehensive grasp of smart contracts, token governance, and the broader implications of decentralized platforms on the future of finance. In the NFT space, Ash’s interest is driven by the technology’s potential to reshape ownership and creativity in the digital age. He has explored various NFT projects, gaining insights into how these digital assets function within different ecosystems. His focus is on understanding the evolving relationship between creators and communities, as well as the innovative uses of blockchain technology to establish authenticity and provenance in the digital world. Ash’s research in this area often touches on the intersection of culture, technology, and community-driven projects. A key area of his expertise lies in liquidity mining, where he has engaged with various decentralized platforms to understand how liquidity provision contributes to the functionality and security of DeFi ecosystems. Ash’s hands-on involvement has allowed him to analyze the risks, rewards, and broader implications of liquidity pools, giving him a well-rounded perspective on this integral part of DeFi. His understanding of risk management and protocol design allows him to provide insights into how these systems can be navigated effectively, with an emphasis on both opportunity and caution. When it comes to communicating these complex topics, Ash’s writing is grounded in clarity and depth. He excels at breaking down intricate blockchain concepts into easily digestible information for a wide audience. Whether explaining the workings of decentralized exchanges or outlining the future potential of blockchain technology, Ash ensures that his content is accessible to both those new to the space and experienced participants looking for deeper insights. Beyond DeFi and NFTs, Ash explores a wide array of emerging blockchain applications. His research spans areas like cross-chain technologies, decentralized governance, and blockchain’s potential to integrate with traditional finance. He is continuously learning and adapting to the latest developments, ensuring that his insights are both timely and relevant. His interest extends to how these technologies are creating new possibilities for decentralization, transparency, and trust in a variety of industries. Ash’s commitment to engaging with the crypto space firsthand gives him a unique perspective that goes beyond what can be learned from research alone. His practical involvement allows him to stay ahead of the curve, offering readers and enthusiasts a clear and comprehensive understanding of the rapidly evolving world of blockchain. Whether delving into the technical mechanics of DeFi or exploring the cultural impact of NFTs, Ash’s approach is always rooted in curiosity, research, and a desire to make this technology accessible to all.
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. According to a key on-chain indicator, Ethereum (ETH) may be undervalued at its current market price. The last time ETH was this undervalued was in October 2023, after which it experienced a 160% rally. Ethereum May Be Undervalued, On-Chain Indicator Suggests Ethereum’s current MVRV-Z score suggests that the second-largest cryptocurrency by total market capitalization may be undervalued at its present price. This metric – used to determine whether an asset is overvalued or undervalued – is currently at its lowest level in 17 months. Related Reading ETH’s low MVRV-Z score indicates that the digital asset may be approaching a local bottom. Notably, the last time this metric was at a similar level in October 2023, ETH surged by 160%. Source: Glassnode For the uninitiated, the MVRV-Z score compares the difference between an asset’s market value and its realized value to assess overbought or oversold conditions. A high score indicates potential market tops, while a low score suggests possible bottoms. Besides October 2023, Ethereum’s MVRV-Z score has entered the green band two other times – once in December 2022 and again in March 2020. On both occasions, ETH subsequently entered a bullish phase. Additionally, on-chain analytics indicate that crypto whales are quietly accumulating ETH in anticipation of a significant upward move. Data from CryptoQuant reveals that ETH inflows into accumulation addresses have surged to multi-year highs, surpassing levels seen before major bull runs. Source: CryptoQuant High inflows into accumulation addresses suggest that institutional investors and large holders anticipate a rise in ETH’s price. This aligns with recent analysis predicting that ETH is poised for a substantial rally this year, potentially driving the digital asset to $9,000. Furthermore, ETH whales – wallet addresses holding between 1,000 and 10,000 ETH – have been aggressively accumulating since July 2024. This coincided with the US Securities and Exchange Commission’s (SEC) approval of the first spot ETH exchange-traded fund (ETF). Is ETH Going To Surprise The Market? Beyond a bullish MVRV-Z score and increasing ETH inflows into accumulation addresses, several other indicators suggest that ETH may be on the verge of a surprise rally, despite prevailing bearish sentiment. Related Reading Following the recent market pullback, ETH’s weekly Relative Strength Index (RSI) has dropped to a three-year low, fuelling optimism for an imminent rally. However, increasing ETH reserves on exchanges could pose a challenge to upward momentum. Similarly, concerns remain regarding the Ethereum Foundation’s continuous selling of ETH, which may be contributing to price suppression. As of press time, ETH is trading at $2,268, reflecting a 3.7% increase over the past 24 hours. ETH trades at $2,268 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from Glassnode, CryptoQuant and Tradingview.com
Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details
Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market cap, is flashing multiple bullish signals that suggest a potential upside move. However, rising exchange reserves are tempering this optimism. Has Ethereum Formed A Local Bottom? Ethereum has dropped nearly 20% over the past two weeks, falling from approximately $2,805 on February 23 to just above $2,200 at the time of writing. This decline has wiped out $80 billion from ETH’s market cap. Related Reading Despite this sharp pullback, crypto analysts are pointing to several bullish indicators that could signal an impending price reversal. Crypto analyst Merlijn The Trader, for instance, has highlighted that ETH is following the Wyckoff Reaccumulation Pattern. For those unfamiliar, the Wyckoff Reaccumulation Pattern is a technical analysis method developed by Richard Wyckoff. In the context of ETH’s current price action, this pattern suggests that the asset may be entering an accumulation phase before a potential upward movement. The analyst further noted that the “spring phase” has just been triggered – indicating a possible bear trap where a brief dip below support levels misleads sellers, potentially setting the stage for a rally. A bounce from this level could see ETH climb to $4,000. Source: Merlijn The Trader on X In a separate X post, Merlijn The Trader also pointed to a bullish divergence in Ethereum’s 4-hour chart. According to the analyst, ETH’s next immediate target is $2,700 before moving higher. Fellow crypto analyst CryptoGoos echoed these sentiments. Source: Cryptogoos on X Beyond technical indicators, whale activity has added to the bullish sentiment surrounding ETH. In an X post, crypto analyst Ted noted: Ethereum whale bought 17,855 ETH worth $36,000,000 at an average price of $2,054. Total holding $2,530,000,000 Ethereum. You think this is going down? Think again. Rising Exchange Reserves May Spoil The Party On the bearish side, crypto analyst Ali Martinez pointed out that ETH reserves on exchanges have been steadily rising. Over the past two weeks, more than 610,000 ETH has been transferred to exchanges, which could increase selling pressure. Source: ali_charts on X Martinez’s analysis aligns with a recent report that found that despite ETH’s Relative Strength Index (RSI) being at a multi-year low, there could still be further downside in store for the digital currency. Related Reading Indeed, ETH has been marred by significant bearish sentiment due to its relatively weak price performance over the past two years compared to cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP. However, extreme bearish sentiment could act as a contrarian signal, setting the stage for a surprise rally. At press time, ETH trades at $2,200, up 6% in the past 24 hours. ETH trades at $2,200 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from X and Tradingview.com
Ethereum Weekly RSI Drops To Lowest Level Since May 2022 – More Selling Pressure Ahead?
Este artículo también está disponible en español. Over the last week, Ethereum (ETH) has dropped 13.8%, currently trading at the critical $2,000 support level. While the digital asset’s weekly Relative Strength Index (RSI) has hit its lowest point in three years, analysts warn that further downside may still be ahead. Ethereum RSI At Lowest Levels In Years US President Donald Trump’s trade tariffs on Canada and Mexico took effect earlier today, fueling fears of an impending recession. According to the latest data from Kalshi, there is a 39% probability of a recession occurring in 2025. Related Reading The broader crypto market has also felt the pressure from these tariffs, with the total market cap declining from $3.7 trillion on December 14 to $2.8 trillion at the time of writing. Major cryptocurrencies such as Bitcoin (BTC) and ETH have been significantly impacted, down 7.1% and 8.9% in the past 24 hours, respectively. Unlike BTC, which saw a remarkable 2024 with multiple new all-time highs (ATH), ETH has struggled since reaching its peak of $4,878 in November 2021. Over the past year, ETH has declined by 41.6%, while BTC has risen by 26%. The latest crypto market pullback has added to ETH’s challenges, bringing it down to the psychologically significant $2,000 level. Crypto analyst Jesse Olson noted that intense selling pressure has pushed ETH’s weekly RSI to 35.87, its lowest reading since May 2022. Olson further explained that the bottom was not reached in May 2022, as ETH subsequently dropped another 60%. If ETH follows a similar trajectory, it could fall another 60% from $2,000, potentially reaching around $800. Source: Jesse Olson on X Fellow crypto analyst Merlijn The Trader echoed Olson’s concerns, stating that Ethereum is currently “playing the waiting game.” The analyst emphasized that ETH is approaching a crucial “make or break” level on the RSI. Analyst Urges Not To Panic Sell ETH Despite heightened macroeconomic uncertainty due to Trump’s trade tariffs, some analysts remain confident that ETH is nearing its bottom and could soon resume its uptrend. In an X post, one crypto analyst remarked: Ethereum is currently retesting the 21-Day EMA on the 3-Month chart. ETH has NEVER closed a candle beneath this level. We are either about to witness history or we are very close to bottoming. Be VERY CAREFUL Panic Selling! Related Reading There might still be hope for the second-largest cryptocurrency, as recent analysis found that ETH exchange balances have dropped to a 9-year low, strengthening the digital asset’s supply scarcity narrative. At press time, ETH trades at $2,126, down 8.9% in the past 24 hours. ETH is close to hitting a new yearly low as it trades at $2,126 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, Charts from X and TradingView.com
Ethereum Must Hold This Key Level To Keep Altseason Hopes Alive, Analyst Explains
Este artículo también está disponible en español. In an X post published today, crypto market analyst and commentator Ali Martinez highlighted a crucial Ethereum (ETH) price level that must hold to sustain hopes for an altseason. Martinez warned that losing this support could significantly derail any potential altcoin rally. Ethereum Must Defend Key Price Level Ethereum, the second-largest digital asset by market cap, continues to trade in the mid-$2,000 range. At the time of writing, ETH is priced just below $2,700, offering bulls a glimmer of optimism for a potential breakout above the $3,000 resistance level. Related Reading However, in his latest analysis, Martinez emphasized the $2,600 level as a critical price point for ETH. He added that if the digital asset falls below this level, then “altseason will be canceled.” Source: ali_charts on X The recent Bybit crypto exchange hack sent shockwaves across the cryptocurrency industry as hackers stole digital assets worth more than $1.4 billion. Notably, ETH accounted for the bulk of the stolen funds. Despite this, ETH held up relatively well compared to Bitcoin (BTC), according to fellow crypto analyst Daan Crypto Trades. The analyst pointed out that ETH’s ability to remain at essentially the same price level after such a massive hack is “interesting.” They added: To see ETH at basically the same level as before a $1B+ hack is pretty interesting. Would not be surprised it there’s indeed some entity buying back some of that lost ETH or people frontrunning such a thing. At some point the ETH likely has to get back somehow, whether it’s recovered or bought back. Otherwise there would not be a 100% cover of funds. Crypto analyst Ted echoed this sentiment in his own analysis of the Bybit hack. In an X post, he highlighted that not only did the hack fail to push ETH to new lows, but the cryptocurrency has already rebounded 35% from its bottom. Source: Ted on X Meanwhile, crypto trader Merlijn The Trader provided some hope for ETH bulls, sharing a three-week Ethereum chart that suggests ETH is poised to break out of a symmetrical triangle pattern for its “biggest bull run yet.” Altseason In Jeopardy? Seasoned crypto analyst Rekt Capital also weighed in, sharing a daily altcoin market cap chart that shows altcoins failing to close above key resistance levels, highlighted in red circles. They explained: Altcoin Market Cap is transitioning into this triangular market structure (blue). Alts will need to daily close above the blue lower high and then above black resistance to confirm a major trend shift. Source: Rekt Capital on X Related Reading That said, there may still be hope for an impending altseason led by Ethereum. A recent report found that ETH reserves on crypto exchanges are at a nine-year low, which could exacerbate supply scarcity and drive up prices. At press time, ETH trades at $2,671, down 5.2% in the past 24 hours. ETH trades at $2,671 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, Charts from X and TradingView.com
Ethereum Exchange Balances Drop To 9-Year Low – Time For A Major Price Move?
Este artículo también está disponible en español. According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency. Ethereum Reserves At 9-Year Low Ethereum, the second-largest cryptocurrency by market cap, continues to trade within the mid-$2,000 range, sitting at $2,721 at the time of writing. Unlike Bitcoin (BTC), ETH has had a relatively quiet 2024, struggling to break past its all-time high (ATH) of $4,878, recorded in November 2021. Related Reading This lackluster price action has contributed to waning investor confidence in ETH. However, the digital asset recently managed to defend the critical $2,380-$2,460 demand zone, rekindling bullish hopes for a potential breakout above the stubborn $3,000 resistance level. More notably, ETH reserves on centralized exchanges continue to plummet, which could lead to a supply shock – a scenario where demand for the asset surpasses its liquid supply. If this materializes, ETH may experience rapid price appreciation. For the uninitiated, a supply shock in the crypto industry occurs when the demand for the underlying digital asset exceeds its liquid supply. As a result, the underlying asset – ETH, in this case – may experience sharp price appreciation in a short time. As of today, ETH reserves on centralized crypto exchanges have fallen to 18.95 million, a level last seen in July 2016. Notably, ETH was trading at $14 at the time. Source: CryptoQuant Recent analysis from seasoned crypto analyst Crypto Buddha suggests that ETH may be on the verge of a major price move. The analyst highlights how ETH has broken through a diagonal resistance level, signalling a potential bullish breakout. Source: Crypto Buddha on X Furthermore, Bitcoin (BTC) is exhibiting similar price behavior. A successful BTC breakout could spark a broader crypto market rally, driving significant gains across various digital assets. Crypto Buddha noted: Bitcoin‘s price action is following a similar pattern with a triangular convergence, raising the question of whether it can break through successfully like Ethereum. Since the low of $91,000, Bitcoin has been consolidating for 10 days. The market is at a crucial juncture, and it’s time to pick a direction. Will ETH Investors Finally Have Their Time? Unlike competitors such as Solana (SOL), SUI, and XRP, which have all seen significant price appreciation over the past year, ETH has struggled to capitalize on bullish momentum. Bearish sentiment surrounding ETH has been on unprecedented levels. Related Reading However, analysts are confident that ETH may soon surprise the market. Recent analysis by Titan of Crypto emphasizes that ETH may soon enter its ‘most hated rally,’ leading to major price appreciation. That said, concerns about the Ethereum Foundation selling copious amounts of ETH continue to haunt the holders. At press time, ETH trades at $2,721, down 4.7% in the past 24 hours. ETH trades at $2,721 on the daily chart | Source: ETHUSDT on TradingView.com Featured image from Unsplash, charts from CryptoQuant and Tradingview.com
Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow
Ethereum tokens to the tune of 224,410 were pulled out of exchanges in the last 48 hours, causing a huge wave of withdrawals that have rocked the cryptocurrency scene. According to Santiment data, the massive exodus that took place on February 8 and 9 represents the largest net outflow in almost two years. Analysts and market observers have taken notice of this big movement of digital assets, which has led to a great deal of conjecture about the future of the second-largest cryptocurrency in the world. The Raw Numbers Behind The Movement When people take into account the market value, the magnitude of these withdrawals is even more astounding. This amounts to the removal of billions of dollars’ worth of Ethereum from exchanges at the current pricing. There was a historic milestone of ~224,410 ETH moving away from exchanges in the 24 hours between February 8th and 9th. This was the most amount of net coins moving off of known exchange wallets in a single day in 23 months. Though more of a long-term metric, this is a… pic.twitter.com/G2e2AausPh — Santiment (@santimentfeed) February 11, 2025 According to conventional market mindset, such massive withdrawals frequently occur before notable price shifts because lower supply on exchanges usually pushes prices upward. However, due to its unpredictability, the cryptocurrency market hasn’t reacted with the anticipated fervor. Why Investors Are Playing The Long Game Recent withdrawal trends point to a well-thought-out plan in action. Large investors usually prepare for longer holding periods rather than short-term trades when they move their Ethereum off exchanges in such numbers. This kind of behavior shows a smart way of spending, where people are ready to give up short-term cash flow in exchange for possible long-term returns. Experts in market behavior say that these sharp changes often mean that big investors are very optimistic about an asset’s long-term prospects. Now that billions of ETH have been transferred to cold storage and private wallets, big players seem to be quietly building up holdings in anticipation of better market circumstances. Market Dynamics And The Bitcoin Factor The state of the Bitcoin market still has a lot to do with Ethereum’s current state. This makes the relationship between the two biggest cryptocurrencies very catchy. Bitcoin’s price changes still have the most effect on the market mood because they affect every part of the cryptocurrency economy. Analysts are paying attention to a few key resistance levels as they have the potential to cause significant market movement. Traders are already preparing for the prospect that a significant Bitcoin breakout may spark an Ethereum rise. Technical Evaluation Indicates A Possible Breakout The crypto community waits anxiously as the dust settles on the record 224,410 ETH transfer from exchanges. Unmatched in magnitude, this two-day withdrawal spike has gone beyond mere record-setting to fundamentally change the conversation on Ethereum’s market dynamics. Featured image from Pexels, chart from TradingView Source link