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Ethereum News: Analyst Foresees Potential Drop to $1,400, Echoing March 2020 Crash Fears

Ethereum News: Analyst Foresees Potential Drop to $1,400, Echoing March 2020 Crash Fears

Published:
2025-03-13 18:28:30
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[TRADE_PLUGIN]ETHUSDT,ETHUSDT[/TRADE_PLUGIN]

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In a market rife with volatility, Ethereum investors are bracing for potential turbulence as an analyst draws parallels between the current market behavior and the dramatic crash of March 2020.

Ethereum Price Alert: Analyst Predicts ETH Could Revisit $1,400

The financial markets have their own memory, and cryptocurrencies are no exception. Ethereum, the second largest crypto on the market, is seeing its price plunge, which revives the specter of the March 2020 crash. Trader Ted Pillows claims that the current market behavior of ETH almost exactly mirrors the capitulation of that dark period, suggesting a scenario where the asset could drop to as low as $1,400.

Unusual ETH Trade: Whale Profits, Hyperliquid Faces $4M Loss

A Leveraged Ethereum trade on Hyperliquid resulted in an unusual outcome where a whale secured a $1.8 million profit despite being liquidated. The incident, which occurred on March 12, 2025, cost the platform’s liquidity pool approximately $4 million. The whale deposited 15.23 million USDC and used 4.3 million USDC as a margin to open a 50x long position in Ethereum, totaling 113,000 ETH. As Ethereum’s price surged, the trader began withdrawing unrealized profits, triggering the liquidation event. This has reignited discussions around leverage limits and risk management in decentralized trading ecosystems.

Uniswap Founder Views Crypto Scams in Perspective

Hayden Adams, the founder of Uniswap, acknowledges the prevalence of crypto scams but argues that scams are also widespread outside the crypto space. A Chainalysis report reveals that DPRK-linked hackers stole $1.34 billion worth of crypto in 2024, including a notable $1.5 billion Ether theft from Bybit by the Lazarus Group.

What Is Gnosis? Inside the Ethereum Layer-2 Blockchain Infrastructure Developer

Gnosis is a decentralized platform built on Ethereum, primarily focused on prediction markets, decentralized finance, and secure digital asset management through its multi-signature wallet, Gnosis Safe. Launched in 2015 by Martin Köppelmann, Friederike Ernst, and Stefan George, Gnosis has since expanded into a broader blockchain infrastructure ecosystem. With over 300,000 validators, it is one of the largest projects to come out of the Ethereum network. The native token of the ecosystem, Gnosis GNO, peaked at $644 in November 2021 and by April 2024, Gnosis surpassed 200 million transactions.

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