Thursday, October 23, 2025
Catatonic Times
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert
No Result
View All Result
Catatonic Times
No Result
View All Result

Ethereum Faces Bearish Pressure As Sentiment Hits 12-Month Low – Can ETH Avoid Dropping Below $2,000?

by Catatonic Times
March 3, 2025
in Ethereum
Reading Time: 4 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


Ethereum (ETH) hit a brand new yearly low of $2,076 earlier at the moment, additional weakening sentiment across the second-largest cryptocurrency by market cap. If Ethereum falls under $2,000, it may set off extra losses for buyers.

Ethereum Sentiment At A 12-Month Low

In accordance with knowledge from CoinGecko, Ethereum has dropped roughly 28% over the previous 30 days and is presently buying and selling across the $2,200 stage. The cryptocurrency has shed greater than $230 billion in market capitalization since December 2024.

Crypto funding supervisor 0xLouisT took to X to share a chart indicating that sentiment round Ethereum is at its lowest level in a yr. A drop under $2,000 may intensify bearish sentiment, placing additional stress on ETH.

Supply: 0xLouisT on X

Equally, Bitcoin (BTC) dealer and investor Jason Pizzino remarked that ETH may very well be “in additional hassle than anticipated” if it closes under the $2,000 to $2,100 vary. He added:

Keep in mind, February was when most influencers have been beating the drum for $ETH and instructed us to “comply with the cash” as a result of Trump et al., have been shopping for tens of millions of {dollars}. That all the time sounds fishy to me.

pizzino
Supply: Jason Pizzino on X

An in depth under $2,000 would full a bearish double-top sample on the month-to-month chart, probably sending ETH into the low $1,000 vary. For context, the final time Ethereum traded within the $1,500 vary was in October 2023.

Fellow crypto analyst Morin highlighted ETH’s weekly demand stage between $1,900 and $2,100, with the weekly provide zone positioned round $2,600. The analyst expects the digital asset to fluctuate inside this vary “within the close to future.”

Some Constructive Indicators For ETH

Whereas the short-term outlook for ETH seems unsure, some indicators recommend that buyers haven’t fully misplaced confidence within the asset. As an illustration, utilizing on-chain knowledge, crypto analyst Ali Martinez emphasised that enormous holders – also called crypto whales – have purchased greater than 110,000 ETH within the final 72 hours. 

ETH whales are unfazed from the current value stoop as they proceed to build up | Supply: ali_charts on X

Equally, Leon Waidmann, Head of Analysis at Onchain Basis, identified that regardless of ETH’s value decline, trade reserves proceed to drop. Waidmann famous that falling trade reserves point out investor confidence, as fewer ETH tokens are being moved to exchanges for potential promoting.

leon
Supply: Leon Waidmann on X

Nonetheless, issues stay for Ethereum, significantly because the community’s staking proportion has seen a pointy decline from its peak in November 2024. Then again, crypto analyst Ted Pillows stays bullish, predicting that ETH remains to be on observe to surpass $10,000. At press time, ETH is buying and selling at $2,222, down 3.6% previously 24 hours.

ethereum
ETH trades at $2,222 on the every day chart | Supply: ETHUSDT on TradingView.com

Featured Picture from Unsplash.com, Charts from X and TradingView.com



Source link

Tags: 12MonthAvoidBearishDroppingETHEthereumfacesHitsPressureSentiment
Previous Post

Top NFT Collections – March 1, 2025

Next Post

The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks

Related Posts

Ethereum Founder Sparks Market Shock After Massive ETH Sell-Off – Here’s How Much
Ethereum

Ethereum Founder Sparks Market Shock After Massive ETH Sell-Off – Here’s How Much

October 22, 2025
Retail rails could push M a day on-chain
Ethereum

Retail rails could push $2M a day on-chain

October 22, 2025
Ethereum Could Unwind To ,850
Ethereum

Ethereum Could Unwind To $2,850

October 22, 2025
Is The Bitcoin Supercycle Still In Play? Wave 3 Tells A Story Of A Surge
Ethereum

Is The Bitcoin Supercycle Still In Play? Wave 3 Tells A Story Of A Surge

October 21, 2025
Fusaka Update – Transaction Gas Limit Cap arrives with EIP-7825
Ethereum

Fusaka Update – Transaction Gas Limit Cap arrives with EIP-7825

October 21, 2025
AWS failure exposes crypto’s centralized weak point
Ethereum

AWS failure exposes crypto’s centralized weak point

October 21, 2025
Next Post
The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks

The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks

OpenSea Tops In NFT Users & Trading Sales In February 2025

OpenSea Tops In NFT Users & Trading Sales In February 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Catatonic Times

Stay ahead in the cryptocurrency world with Catatonic Times. Get real-time updates, expert analyses, and in-depth blockchain news tailored for investors, enthusiasts, and innovators.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

Latest Updates

  • XRP Price Prediction Estimates Rally to $2.5 and $3 as $BEST Raises $16.6M in Presale
  • Diddy Strikes Back — Files Appeal as SBF’s Ex-Cellmate Joins Legal Rebellion
  • XRP Bounce In Sight? Bulls Hold $2.38 Support As Breakout Pressure Builds
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto Updates
  • Bitcoin
  • Ethereum
  • Altcoin
  • Blockchain
  • NFT
  • Regulations
  • Analysis
  • Web3
  • More
    • Metaverse
    • Crypto Exchanges
    • DeFi
    • Scam Alert

Copyright © 2024 Catatonic Times.
Catatonic Times is not responsible for the content of external sites.