Ether (Eth), the native cryptocurrency of the Layer-1 Ethereum Blockchain Network, dropped by about 6.7% in the past 24 hours, following a crash on the Friday market, showing greater price stability than many Altcoins, which dropped more than 95% in some cases.
The market crashing that is triggered by The announcement of the tariff of US president Donald Trump ETH’s price was taken up to a low $ 3,510 on Friday, a decline of more than 20% on a single day.
Price tapped the 200-day exponential transfer of average (EMA), a dynamic support level, before rebounding to more than $ 3,800. Kamag -child Index Index (RSI) is also at 35, near oversold conditions, which signed a potential return to the reversal.
The sudden collapse of the market is the liquid of nearly 1.6 million crypto entrepreneurs, according to Coinglass. Following Market Carnage, Sassal, a crypto investor, Says:
“BTC and ETH are pretty good compared to Alts’s long tail, which is nuked 70% or more, with some even dropped by 95% or more. I’m not usually in conspiracy, but it’s obviously not a normal market behavior.”
Crashing in the Friday market represents the most serious crypto destroying event in history, The anointing up to $ 20 billion In 24 hours and shaking the investor’s confidence in the markets, as the fear of a trade war between the US and China holds entrepreneurs.
Related: ETH sells next to Bitcoin, but the speed of ether’s adoption still supports rally at $ 10k
ETH up to $ 5,500 Next or Will Pressure Pressure Sell?
ETH is more than 22% from its All-Time High $ 4,957 It reached August, according to data from tradingview.
Analysts from Firm Firm Fundstrat Fundstrat that ETH can rally in a New all-time high $ 5,550 After the collapse of the market collapse on Friday.
However, the potential sale of pressure can maintain prices. Ethereum Exchange Inflow means a scale that tracks the number of coins sent to exchanges for possible sale, reached 79 on Saturday, according to Cryptoquant.
It marked the highest level of ETH exchange streams recorded in 2025. Higher levels of exchange of exchanges could mean increasing sales pressure, while reduced exchange signal holds investors for long -term, creating a foundation for price increases.
The backwards from Ethereum’s staking queue Press a record of $ 10 billion in October.
Magazine: Alibaba Founder’s Ethereum Push, whales are 91% of the Korean Market: Asia Express
