Ethereum drops to $1,973, down 2.26%, with trading volume falling 40% to $12.21 billion.
A whale sold 34,125 ETH at $1,970 each, securing a 4,156% profit after buying them at $46.3 in 2017.
Ethereum’s value remains unstable as it fights to stay above $2,000. Recent market data shows persistent downward pressure, with the cryptocurrency dropping to $1,973, a 2.26% decline from earlier levels.
ETHNews analysts warn that failure to hold above $2,050 could lead to a drop toward $1,500 or even $1,095 in the coming weeks. This uncertainty stems from reduced trading activity, with daily volume falling over 40% to $12.21 billion, alongside declining futures open interest.
#Ethereum $ETH hits $2,000. Cool, but zoom out! The big picture is brewing something bigger. pic.twitter.com/vK4BW8ybFQ
— Ali (@ali_charts) March 21, 2025
A major contributor to the price decline is profit-taking by long-term investors. Blockchain analytics firm SpotonChain identified a transaction where a holder, labeled “0x086,” sold 34,125 ETH on Coinbase.
Purchased in 2017 at an average of $46.3 per token, the sale at $1,970 per ETH generated $65.66 million in profits—a 4,156% return. Such large-scale withdrawals often signal reduced market confidence, potentially accelerating price drops.
Meanwhile, Ethereum-based investment products face structural challenges. Spot Ethereum ETFs continue to see outflows, with institutional investors showing limited interest.
At the Digital Asset Summit in New York, BlackRock’s Robbie Mitchnick highlighted staking as a missing feature in current ETFs, limiting their appeal. Staking allows investors to earn rewards by locking assets, a core aspect of Ethereum’s design. Without this, ETFs struggle to compete with direct holdings.
Source: Tradingview
Efforts to address this gap are underway. Asset manager Bitwise has proposed adding staking capabilities to its Ethereum ETF, while the New York Stock Exchange seeks regulatory approval for staking-enabled ETF trading. However, experts caution that implementation timelines remain unclear, leaving short-term market unaffected.
The divide between profit-taking and long-term holding further complicates Ethereum’s outlook. While some investors liquidate positions, others stake their holdings, reducing exchange-based supply. ETHNews analysts emphasize that sustained stability will depend on resolving ETF shortcomings and broader institutional adoption.
For now, Ethereum’s trajectory hinges on maintaining key price levels and addressing structural barriers in its investment ecosystem.
ETH Price Predictions
According to ETHNews, ETH is expected to experience a -5.44% decrease by March 24, 2025, which would bring the price down from the March 20 value of $2,010.41 to approximately $1,901.24 USD ($2,010.41 * 0.9456).
Source: Tradingview
This bearish outlook aligns with their analysis, which indicates a Bearish 89% market sentiment and a Fear & Greed Index score of 32 (Fear). They also pEthereum drops to $1,973, down 2.26%, with trading volume falling 40% to $12.21 billion.
A whale sold 34,125 ETH at $1,970 each, securing a 4,156% profit after buying them at $46.3 in 2017.
Ethereum’s value remains unstable as it fights to stay above $2,000. Recent market data shows persistent downward pressure, with the cryptocurrency dropping to $1,973, a 2.26% decline from earlier levels.
ETHNews analysts warn that failure to hold above $2,050 could lead to a drop toward $1,500 or even $1,095 in the coming weeks. This uncertainty stems from reduced trading activity, with daily volume falling over 40% to $12.21 billion, alongside declining futures open interest.
#Ethereum $ETH hits $2,000. Cool, but zoom out! The big picture is brewing something bigger. pic.twitter.com/vK4BW8ybFQ
— Ali (@ali_charts) March 21, 2025
A major contributor to the price decline is profit-taking by long-term investors. Blockchain analytics firm SpotonChain identified a transaction where a holder, labeled “0x086,” sold 34,125 ETH on Coinbase.
Purchased in 2017 at an average of $46.3 per token, the sale at $1,970 per ETH generated $65.66 million in profits—a 4,156% return. Such large-scale withdrawals often signal reduced market confidence, potentially accelerating price drops.
Meanwhile, Ethereum-based investment products face structural challenges. Spot Ethereum ETFs continue to see outflows, with institutional investors showing limited interest.
At the Digital Asset Summit in New York, BlackRock’s Robbie Mitchnick highlighted staking as a missing feature in current ETFs, limiting their appeal. Staking allows investors to earn rewards by locking assets, a core aspect of Ethereum’s design. Without this, ETFs struggle to compete with direct holdings.
Source: Tradingview
Efforts to address this gap are underway. Asset manager Bitwise has proposed adding staking capabilities to its Ethereum ETF, while the New York Stock Exchange seeks regulatory approval for staking-enabled ETF trading. However, experts caution that implementation timelines remain unclear, leaving short-term market unaffected.
The divide between profit-taking and long-term holding further complicates Ethereum’s outlook. While some investors liquidate positions, others stake their holdings, reducing exchange-based supply. ETHNews analysts emphasize that sustained stability will depend on resolving ETF shortcomings and broader institutional adoption.
For now, Ethereum’s trajectory hinges on maintaining key price levels and addressing structural barriers in its investment ecosystem.
ETH Price Predictions
According to ETHNews, ETH is expected to experience a -5.44% decrease by March 24, 2025, which would bring the price down from the March 20 value of $2,010.41 to approximately $1,901.24 USD ($2,010.41 * 0.9456).
Source: Tradingview
This bearish outlook aligns with their analysis, which indicates a Bearish 89% market sentiment and a Fear & Greed Index score of 32 (Fear). They also p
