Tags: Ethereum (ETH)

April 16 saw the biggest ETH derivatives inflow yet which has sparked concerns of an impending price drop following recent patterns.

WLFI’s holdings in ETH which was acquired at higher prices, are now deeply underwater.

Ethereum fear, uncertainty, and doubt are at peak levels as the asset plunged below its 2018 market cycle high. 

Analysts are watching for a repeat of past patterns where ETH rebounded massively after dipping below realized price.

Despite Ethereum’s losses, a key support level where whales hold large amounts could signal a potential market recovery.

ETH has seen only 3 green monthly candle closures in the past year.

An OG Ethereum investor sold 2,001 ETH worth $3.82M on April 2nd amidst declining whale activity and price struggles.

Ethereum’s fee revenue fell from $30 million to $500,000 annually due to execution moving to Layer 2 networks like Arbitrum and Optimism.

BTC had a rough first quarter, but ETH and other popular altcoins, especially meme coins, performed even worse.

BNB, XRP, BTC, and SOL have all seen notable growth in market caps, but ETH has been struggling, recording a 50% dip since November 2024.

Market analysts say the endless creation of tokens and layer-2 networks on Ethereum have contributed to ether’s underperformance as an investment.

Bitcoin’s market sentiment hits a six-week high, with Ethereum following suit.

Bitcoin attracted $724 million in inflows, reversing a five-week outflow streak.

Ethereum’s Q1 woes deepen with a 22% price drop, but declining exchange reserves hint at reduced selling pressure ahead.

Sustained selling pressure and technical indicators pointed to further downside risk for ETH; however, positive signs are beginning to emerge.

ETH’s price is down by over 50% since its peak in mid-December.

WLFI’s crypto portfolio suffered a $124 million loss, primarily due to declining Ethereum prices and broader market turbulence.

Investors are taking a risk-off stance as they apply more caution in their ETH positions due to macroeconomic concerns.

Ethereum’s current price level is historically oversold which is similar to past moments that triggered major rallies.

Crypto markets are being obliterated today as a massive sell-off wipes out billions of dollars, and Ethereum is taking the brunt of those losses. 

BTC crashed to as low as $76,700.

Ethereum sees massive whale buying and the biggest exchange outflow since 2022 despite heightened market gloom.

The Pectra upgrade and Ethereum’s institutional expansion have influenced BGLC’s decision to prioritize ETH for corporate treasury use.

Despite Ethereum’s yearly low sentiment, Santiment analysts suggest extreme bearishness could pave the way for a price rebound.