Ethereum’s Price Outlook Amid Market Volatility and Recent Hacker Scandal

As the cryptocurrency market continues to experience significant volatility, investors are keenly watching the price movements of Ethereum (ETH). Here’s a summary of the current market situation, future price predictions, and a recent hacker scandal involving ETH.

Ethereum: How High Will ETH Surge In April 2025?

The Ethereum (ETH) market has faced significant price obstacles and has dropped by 21% in March. Despite attempts to recover, several indicators suggest further losses in April. Earlier this year, ETH surged to a high of $4,106.96 but quickly crashed to $1,760.94. At the time of writing, Ethereum was trading at $1,870.80 after a 0.45% drop over the past 24 hours.

ZkLend Hacker Loses Stolen ETH to Phishing Scam

The hacker behind the $9.6 million hack of ZkLend in February claimed to have fallen victim to a phishing website impersonating non-custodial crypto mixer Tornado Cash. The hacker lost a significant amount of the stolen funds, which were 2,930 Ethereum (ETH) valued at approximately $5.4 million. Blockchain analytics platform Lookonchain reported this on March 31 via an on-chain message sent to ZkLend through Etherscan.

Ethereum MVRV Ratio Approaches ‘Red Box’ - Potential Selling Pressure Looms

Ethereum’s MVRV ratio is nearing the critical “red box” zone, historically linked to market pullbacks. Traders are on high alert as the metric teeters on the brink, weighing the risk of overvaluation against the possibility of sustained momentum. With past patterns hinting at looming selling pressure, Ethereum’s recent gains could be at risk.

Whales Dump 760,000 Ethereum in Two Weeks

Ethereum continues to face strong headwinds as it trades below the $1,900 mark. Bullish momentum has faded, and market sentiment is increasingly fearful. After a brief attempt to stabilize, ETH has resumed its downward trajectory, now down over 35% since late February. On-chain data from Santiment reveals that whales have offloaded approximately 760,000 ETH in just the past two weeks, adding to concerns that the market may be entering a deeper correction phase. This significant sell-off by large holders often reflects declining confidence and triggers additional selling from smaller investors.