Ethereum News: Near Critical Support with Market Uncertainty

Ethereum’s price action is under scrutiny as it nears a critical support level, amidst signs of market uncertainty and volatility.

Ethereum Nears Critical Support

Ethereum nears critical support below $1,900, with 3.56 million ETH bought at this level. $30.21 million in Ethereum futures liquidations reflect market uncertainty and volatility. ETH remains in consolidation; a breakout above $2,200 is needed to reverse the bearish trend. On-chain data indicates significant support for ETH at this range.

On-chain Activity Collapse: Is Ethereum In Danger?

The price of Ethereum remains below the $2,000 mark, fluctuating between $1,810 and $1,960. Crypto analysts attribute this to several converging factors. Ethereum’s on-chain activity has collapsed, marking the 17th consecutive day of capital exits, the longest negative sequence since 2015. The trading volume on DEX has dropped by 30% over a week and Ethereum’s TVL has lost 9.3% this month, standing at $46.37 billion.

Ethereum Price Prediction Revised to $4,000; ERC-20 Tokens May Explode

Ethereum ($ETH) continues to be closely watched despite trading below $2,000. The crypto has struggled to regain momentum since March 10 and is at its weakest level since October 2023. While some traders fear a drop below $1,850 could trigger panic selling, Standard Chartered has revised its 2025 price target for ETH to $4,000, indicating an upside. Additionally, investors are showing interest in two early-stage ERC-20 tokens with potential for explosive growth.

Ethereum Price Crashes, One Trader Makes $86m Profit Shorting

Ethereum’s price has crashed more than 53% from its 2024 high, wiping out $255 billion in market value. The market cap fell from $482 billion to $227 billion as concerns about the network continued. Analysts at Standard Chartered lowered their ETH price target from $10,000 to $4,000, citing the structural decline. Many Ethereum investors have suffered losses, with the percentage of total Ethereum supply in profit dropping to 47.6%, its lowest level since October 2023. However, one trader made $86 million shorting Ethereum.