Cryptographic markets have lost more than 12% or almost $ 400 billion since Sunday peak, and one of the largest losers has been Ethereum.
Eth prices He crashed with his lowest levels in 16 months, falling 15% at $ 2,035 during the first operations in Asia on Tuesday morning. The last time ETH was negotiated below $ 2,000 was in November 2023, since the asset was slowly defrosting from Crypto Winter.
Ethereum has now returned to Bear market levels and has yielded 50% since it took advantage of $ 4,000 in early December 2024.
Death Eth Predict
The analyst ‘Nebraskangoner’ analyzed the monthly deadlines and identified double training before predicting that prices would break down to the level of $ 1,200. This would send ETH to Bear Market Lows since the end of 2022 when he played around $ 1,100.
Double Top Monthly confirmed. The target of measured patterns is somewhere close to $ 1200 pic.twitter.com/mm29h3lti
– Nebraskangoner (@nebraskangoner) March 4, 2025
Dana Marlane analyst commented that Ethereum has broken its upward trend and “seems to have confirmed a double top that could recover the price at $ 1,000”.
The ETH anguish was shared among other analysts. “Ethereum can really be one of the worst graphics I’ve seen,” said McKenna Capital Arete managing partner.
Ethereum can really be one of the worst graphics I’ve seen. pic.twitter.com/4Nowi0zuyh
– McKenna (@crypto_mckenna) March 3, 2025
The feed of anonymous cryptography predictions’ said Eth needed to close over the 200 -week mobile average as he did last week. This long -term trend indicator is currently around $ 2,500, and ETH is well below that.
In addition, the ETH/BTC ratio, or the ether price in terms of Bitcoin, fell to a minimum of five years of 0.024 this week when the asset collapsed.
#Eloum – The key level to see is 200 weekly (black line). We need to close about that as we did last week. Wait a lot of manipulation and volatility. pic.twitter.com/aiskrebyqv
– Anonymous | Cryptographic predictions (@crypto_twittier) March 4, 2025
Risk flight
Many questioned why the crypt was starring in such a bullish environment in the United States after years of being persecuted under the Biden administration.
Kobeissi’s letter explained that the real driver here is the global movement towards the risk trade and the assets.
“As the tensions of the commercial war and the uncertainty of economic policy increase, all risk assets are falling. This was seen in actions, cryptography and oil prices, which everyone fell sharply today. ”
In addition, Bitcoin is no longer seen as a value of value, which has decoupled gold, which reached a historical maximum at the end of February. When Bitcoin falls, the digital lemmings continue, and Ethereum has been the first out of the cliff.
What is happening with Crypto?
Cryptographic markets are now worth: $ 100 billion less than they were before the announcement of the US crypto reserve. UU.
In the last 24 hours, Crypto has erased: $ 500 billion of market capitalization in a massive reversal.
This is what you need to know.
(A thread) pic.twitter.com/xlsqsnqkd
– Kobeissi’s letter (@kobeissiletter) March 4, 2025
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