Ethereum News: Significant Price Drop Amid Institutional Sell-offs, But Spot Traders Provide Support

In the cryptocurrency market, Ethereum (ETH) has experienced a notable price decline in recent times. Despite this, spot traders are showing resilience and could be signaling a potential recovery.

Ethereum (ETH) Price Drop Amid Institutional Sell-offs, Spot Traders Accumulate

Ethereum [ETH] has seen a significant price drop of 10.41% in the last 24 hours and 33.10% in a month amid broader market downturn. Institutional investors, such as BlackRock and Fidelity, have been selling ETH spot exchange-traded funds (ETFs). However, spot traders have been acquiring more ETH, preventing an even steeper decline. Despite the sell-offs, ETH exchange reserves could be a bullish sign for a potential price surge.

Mirana Ventures Buys 265K ETH to Support Bybit Post-Hack

Mirana Ventures has demonstrated significant cryptocurrency acquisitions in the past. The firm purchased 265,912 ETH valued at approximately $700 million through OTC transactions after Bybit experienced a hack. Mirana Ventures is closely related to Bybit, and its anchor capital providers are the co-founders of Bybit.

Ethereum Falls Below $2,200 Despite Eric Trump’s Endorsement

Ethereum dropped 22% despite endorsement from Eric Trump and increasing whale activity. On February 4th, 2025, Eric Trump endorsed Ethereum [ETH] on his X account, urging followers to buy. However, since then, Ethereum’s price has significantly declined. Despite this, whale buying spiked as large investors positioned themselves amid the downtrend, with 110,000 ETH being accumulated in 72 hours. It remains uncertain whether this whale activity indicates a potential rebound or a continued downward trajectory.

What to Expect from Ethereum (ETH) Price in March 2025

With bearish sentiment on the rise and ETH struggling to regain strength, investors are questioning whether March will bring further declines or a potential rebound. The steady surge in ETH’s circulating supply is a cause for concern for market participants in March. According to Ultra Sound Money, 66,350 ETH coins, valued above $138 million at current market prices, have been added to the altcoin’s circulating supply in the past 30 days. When more ETH tokens enter circulation, the overall supply available for purchase increases. If demand fails to keep pace, this surge in supply can exert downward pressure on the coin’s price.