Why Is Ethereum Price Crashing? Will ETH Falls to $1300

March 11, 2025

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Why Is Ethereum Price Crashing? Will ETH Falls to 00

Ethereum (ETH) has been having a tough time since final month. Over the previous week, it has dropped 16%, hitting $1,861 immediately from an intraday excessive of $2,138. That is its lowest since December 2023. The query everyone seems to be asking is, will ETH ever get better from this?

In line with Glassnode, solely 50% of Ethereum holders are nonetheless making a revenue, in comparison with 82% in the beginning of the 12 months.

Some buyers are shedding their funds, whereas some are selecting to promote at a loss, which is inflicting the worth to fall.

Wanting on the month-to-month chart on TradingView, the worth is just not doing nice. It has been buying and selling beneath the Ichimoku Cloud since January 25, an indication that the market remains to be bearish.

In the meantime, $1.8 billion price of ETH left exchanges within the largest outflow since December 2022 final week, in accordance with Lookonchain.

ETH sees its largest outflow since 2022 | Supply: Lookonchain

Normally, when buyers transfer ETH to non-public wallets as an alternative of exchanges, it means they’re holding for the long run. This might sign a possible worth rebound quickly.

Will Eth Crash to $1300?

If Ethereum’s worth continues to fall, it may hit $1,300, which is one other assist degree on the month-to-month time-frame.

But when demand picks up, ETH may climb again to $4,045, which is a 120% surge from its present worth degree. Nonetheless, that is unsure because the market remains to be managed by the bears.

As of now, the more than likely situation for ETH is to check the assist at $1700; if it fails, there could be catastrophic liquidations, and the market will want a tough time to get better.