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Ethereum News
Blockonomi
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Ethereum (ETH) Price: Tests Critical Support While Whale Profit Ratios Return to Bear Market Levels
- A major Ethereum whale sold 40,000 ETH worth $89.9 million in two days, triggering a 13% price drop to around $2,000 over a week.
- With the weekly RSI at its lowest level since May 2022, possible further decline is indicated, supported by increased exchange deposits of 60,000 ETH in two weeks.
- Analysts draw parallels to 2019 ETH behavior during Federal Reserve tightening, implying a potential downtrend continuation.
- Data suggest a bearish trend as Ethereum whales' profit ratios hit bear market levels despite the higher ETH price compared to the past.
- The bearish sentiment is reinforced by the negative unrealized profit ratio in the 1,000 to 10,000 ETH whale cohort, signaling possible further selling.
- Macro concerns, like Trump's trade tariffs and a looming recession probability, add pressure to the crypto market amidst declining total market capitalization.
- ETH struggles compared to Bitcoin, down 41.6% in the past year, with some analysts noting similarities in price action between the current ETH cycle and the 2019 Federal Reserve tightening.
- Despite the negative sentiment, some analysts stay optimistic, noting historical ETH price behavior around key levels like the 21-Day EMA on the 3-Month chart.
- Technical analysis reflects declining ETH exchange balances - at a 9-year low - potentially supporting price scarcity and hinting at long-term price strength.
- Currently trading around $2,126, ETH faces a critical support test at $2,000, with a potential further downside if breached, while historical patterns and supply dynamics leave room for reversal if market conditions change.
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TronWeekly
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Across Protocol Secures $41 Million in Token Sale to Expand Interoperability Across Ethereum
- Blockchain interoperability project Across Protocol raised $41 million in a token sale.
- The funding will be used to strengthen connections between Ethereum and Layer 2 networks.
- Across Protocol aims to improve the Ethereum ecosystem and enable seamless user interactions between blockchain networks.
- The funding will support the development of ERC-7683 standards and promote broader adoption of Across's cross-chain solutions.
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TronWeekly
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BankPozitif Joins Crypto Boom with Powerful Custody Solution for BTC & ETH: Report
- BankPozitif partners with Swiss firm Taurus to launch crypto custody services.
- The service will support Bitcoin, Ether, Tether USDt, XRP, and Solana.
- BankPozitif obtains regulatory approvals from Turkey’s Capital Markets Board.
- The move strengthens Turkey's crypto ecosystem and boosts investor confidence.
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TechCrunch
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Hackers launder most of Bybit’s stolen crypto worth $1.4B
- Hackers stole $1.4 billion in cryptocurrency from Bybit exchange.
- The stolen Ethereum has been converted to Bitcoin and moved to approximately 4,400 addresses.
- Hackers used THORSwap to launder the stolen funds, creating challenges for investigators.
- Bybit has offered a total bounty of $140 million to trace and freeze the funds.
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TronWeekly
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Ethereum’s Bearish Momentum: Is a Bigger Drop Coming for ETH?
- Ethereum's bearish momentum continues as the price drops 11% to $2,098, breaching ascending support and resembling a double-top pattern.
- Market sentiment shifted after Trump's tariff announcement, erasing earlier gains made by Ethereum due to the U.S. Crypto Strategic Reserve news.
- 30,000 ETH was offloaded by whales as DeFi activity weakened, with declining futures open interest and stablecoin liquidity.
- Analysts warn that for Ethereum to recover, it needs to regain support on a monthly closing basis and the market outlook and fundamentals remain poor.
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Zycrypto
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March is a Big Month for Bitcoin, Ether, XRP, Solana, Cardano, Shiba Inu — Here’s What to Keep an Eye Out For
- March is expected to be a promising month for Bitcoin and the broader crypto market, with several bullish events and market patterns.
- Stablecoins are a key focus, with events scheduled to clarify their use in the US, including a CEO forum and a voting session on the GENIUS Act stablecoin bill by the Senate Banking Committee.
- The first White House Crypto Summit with President Trump is set for March 7th, with positive expectations from market participants.
- On March 21st, the SEC will host a roundtable to discuss crypto regulation, following the integration of crypto task force members earlier.
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TronWeekly
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Ethereum Price Plunges 37% in 2025: Will It Crash Below $2,000?
- Ethereum price has plunged 37.06% year-to-date, hovering near $2,000 after rejection at $2,500.
- Institutional outflows hit hard; BlackRock’s ETHA has lost $164 million since February 24, down 38.59%.
- Analysts see rebound potential; Bitcoin Buddha predicts recovery to $2,812, possibly hitting $4,059.
- Market experts caution this could be Ethereum's worst first quarter in history if the decline continues.
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Bitcoinist
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Here’s Why The Dogecoin And Shiba Inu Prices Crashed Double-Digits In The Last Day
- The prices of Dogecoin and Shiba Inu have experienced double-digit crashes in the last 24 hours.
- This decline is attributed to factors like Trump's tariffs on Canada and Mexico, sparking a bearish sentiment in the crypto market.
- Other contributing factors include the Trump administration's decision to pause military aid to Ukraine and the Federal Reserve's quantitative tightening policies.
- Controversies surrounding the inclusion of altcoins in the crypto strategic reserve and the Bitcoin price drop have also impacted the prices of Dogecoin and Shiba Inu.
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Crypto-News-Flash
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Bybit CEO Updates on $1.5B ETH Hack: 77% Still Traceable, 3% Frozen
- Bybit hackers stole $1.4 billion in crypto, and 77% of the funds are still traceable, while 20% have gone dark and 3% have been frozen.
- Efforts to freeze funds continue, and $2.1M was paid to bounty hunters.
- 77% of the stolen cryptocurrency remains traceable, 20% was lost permanently, and 3% was successfully frozen.
- The stolen funds were converted from Ethereum to Bitcoin using multiple wallets and platforms including THORChain and OKX Web3 proxy.
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Cryptoticker
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Will Ethereum Price Crash to $1,000 or Is a Rebound Near?
- Ethereum (ETH) has been on a sharp downward trajectory after reaching highs above $4,000.
- The price has now dropped below $2,100, leaving traders questioning whether the correction is nearing its end or if more pain is ahead.
- If Ethereum fails to hold above $2,000, a deeper correction toward $1,500-$1,600 could be the next step.
- For now, ETH still has chances to recover if bulls defend the $2,000 support zone.
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NullTX
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Ethereum Layer 2 Networks See Decline in Total Value Locked Amid Market Correction, but Optimism for Long-Term Growth Remains
- Ethereum Layer 2 networks have witnessed a decrease in Total Value Locked (TVL), with the combined TVL across Layer 2 networks now at $34.43 billion, reflecting a 10.9% decline over the past week amidst market trends and competition.
- Leading Layer 2 networks like Arbitrum, Base, Optimism, zkSync Era, and Starknet have all experienced a decrease in TVL in recent months, signaling challenges within the ecosystem.
- The market-wide downturn has contributed to the decline in TVL across Layer 2 networks, with the cryptocurrency market correction impacting liquidity and user behavior.
- Despite the short-term dip, there is optimism for the long-term growth of Ethereum Layer 2 networks, especially with upcoming upgrades like Blob transactions and EIP-4844 aimed at reducing transaction fees and enhancing scalability.
- The implementations of Blob transactions and EIP-4844 are expected to attract more users and decentralized applications to Layer 2 platforms by lowering costs and improving the overall user experience.
- Ongoing developments in Layer 2 solutions, focusing on zk-Rollups and Optimistic Rollups, are set to further refine the technology, enhance interoperability, and solidify Layer 2 networks as Ethereum's scalability backbone.
- Despite the recent devaluation of Layer 2 networks, there is confidence in the long-term success and innovation within the ecosystem, driven by competitive advancements and protocol upgrades.
- The temporary setback in TVL is viewed as a part of the broader growth trajectory for Ethereum Layer 2 networks, with ongoing advancements likely to yield scalable, reliable, and cost-effective solutions for developers and users.
- It is advised to conduct thorough research before engaging in cryptocurrency investments, as market dynamics and technological advancements continue to shape the landscape of decentralized networks.
- Follow @nulltxnews on Twitter for the latest updates on Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news.
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TheCryptoBasic
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Ethereum in Steep Correction: Will $2,000 Hold or Break?
- Ethereum (ETH) is nearing the $2,000 psychological support level, raising concerns about a potential breakdown as ETFs continue to register outflows.
- In the 4-hour price chart, Ethereum showcases a steep correction with two consecutive completion-range breakdowns. The current market price is $2,093.
- U.S. Ethereum Spot ETFs record another day of outflow with a net outflow of $12.10 million on March 3rd, marking the 8th consecutive outflow day since February 20.
- The downtrend in Ethereum follows a pattern of consolidation ranges followed by breakdowns. If market conditions worsen, Ethereum may break below $2,000 and test the crucial support level at $1,800.
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Newsbtc
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Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250?
- Ethereum experiences a massive drop, reaching its lowest level since late November 2023.
- Analysts suggest Ethereum is on the verge of breaking out of a parallel channel to the downside, potentially leading to a deeper correction.
- The drop in Ethereum raises concerns about the broader crypto market and the possibility of further downside.
- Currently, Ethereum is at a critical support level, and the coming days will determine its short-term outlook and whether it can stabilize or face further decline.
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Crypto-News-Flash
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Vietnam Moves to Regulate Crypto as PM Orders Urgent Legal Framework
- The Prime Minister of Vietnam has ordered the Ministry of Finance and the State Bank of Vietnam to draft a comprehensive regulatory framework for digital assets within this month.
- Vietnam aims to position itself at the forefront of financial innovation, secure tax revenue, and gain a competitive advantage in digital assets.
- The country has seen significant inflows of digital assets, with $120 billion flowing into Vietnam in 2023.
- The lack of a regulatory framework has led many businesses operating in Vietnam to register in Singapore and the US.
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Crypto-News-Flash
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Saylor on XRP: ‘Bullish’ Outlook Emerges After Crypto Reserve Announcement
- Bitcoin maximalist Michael Saylor sees the inclusion of altcoins in the US Crypto Strategic Reserve as a positive step toward progress in the industry.
- Saylor believes the multi-token reserve, which includes XRP, is bullish for Bitcoin and the broader crypto industry.
- Analysts at investment firm Bernstein express concerns about the inclusion of altcoins in the strategic reserve, questioning their sovereign rationale and stability as stores of value.
- XRP experienced a short-lived price surge after the announcement but has faced subsequent decline; an analyst predicts a potential explosive surge for XRP in the long term.
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