• To top up your wallet for purchases, investments, transactions and currency exchange click Here 👉 Get invoice

Digital Assets 1 Will Ethereum price bottom at $1.6K?

Digital Assets
1
Status
Not open for further replies.
N

NewsMaker

Administrator
840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NThhM2MtNjU2Ny03ZWQyLTk2M2QtZDkxMzlmZGQwZjZm.jpg



Will Ethereum price bottom at $1.6K?

Ethereum’s native token, Ether (ETH), dropped below $2,000 on March 10, and the altcoin has struggled to regain a position above the psychological level.
While Bitcoin (BTC) and XRP (XRP) exhibited minor recoveries over the past 24 hours, Ether prices failed to display bullish momentum in the charts.

Markets, Price Analysis, Market Analysis, Ethereum Price, Ethereum ETF


The altcoin plummeted to a multi-year low of $1,752 on March 11. However, onchain data and technical analysis indicate that the price could drop an additional 15% in the coming weeks.

Ethereum dips below realized price after 2 years


The current price deviation below $2,000 carried onchain implications for the altcoin. According to Glassnode, a data analytics platform, ETH dropped below its realized price of $2,054 for the first time since February 2023.

Markets, Price Analysis, Market Analysis, Ethereum Price, Ethereum ETF


Ethereum realized price and MVRV. Source: X.com

ETH realized price calculates the average price of each ETH last moved, representing the average cost basis of the total circulating supply. The current drop below the realized price indicates widespread unrealized loss for all ETH holders.

The market value to realized value (MVRV) ratio also dropped to 0.93, indicating a 7% average loss for all ETH holders across the network. However, it is important to note that the realized price reflects the weighted average of all historical transactions. Hence, it encompasses the cost basis of every ETH holder, not a specific timeframe like 2023 to 2025.

Markets, Price Analysis, Market Analysis, Ethereum Price, Ethereum ETF


Ethereum’s TVL chart. Source: DefiLlama

Meanwhile, Ethereum’s total value locked (TVL) dropped to a six-month low of $45.6 billion on March 12, down 41% from its peak of $77 billion on Dec. 17, 2024.

Additionally, the total fees users paid to use Ethereum fell to $46.28 million—the lowest level since July 2020—further signaling weakening network engagement.

Related: Starknet to settle on Bitcoin and Ethereum to unify the chains

Ether price between $1.6K-$1.9K is “attractive”


In a recent X post, Glassnode explained how Ethereum’s cost-basis distribution could be useful in identifying potential support levels for ETH. Based on a weekly outlook, Ether’s recent drop below $1,880 led to an accumulation of 600,000-700,000 ETH around $1,900. The post states,

“This suggests $1.9K could establish itself as a support if $ETH consolidates at current levels. Above spot, $2.2K (465K $ETH) is the potential next resistance. The supply gap between $1.9K and $2.2K remains thin, making a short-term move towards resistance plausible.”
Markets, Price Analysis, Market Analysis, Ethereum Price, Ethereum ETF


Ethereum weekly analysis by Ninja. Source: X.com

At the same time, anonymous analyst Ninja believes that the floor price for Ethereum remains between $1,600 and $1,900.

The trader added that the above range is an “attractive region for commercial money” and set a high swing target at $2,500.

Related: Bitcoin whales hint at $80K ‘market rebound’ as Binance inflows cool

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Actual Crypto Price of Cryptocurrency on the market now

Bitcoin/USD






Ethereum ETH






Litecoin LTC






Solana SOL






Tron TRX




Contacts for ads and profitable Investments


Click Here👈


Read more
 
Status
Not open for further replies.
Buy Advertisement on This Place

Similar threads

  • N
    Digital Assets 1 Superchain will reach 80% of Ethereum L2 transactions in 2025 — Optimsm exec
    [RIGHT][IMG]https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzA3NTUtMDIzNi03ZGZhLWFjOTItYTY4NjNjOTNkOGQ5.jpg[/IMG][/RIGHT] Sony, Coinbase, Kraken and Sam Altman’s World are all building on Optimism’s OP Stack. [toc][/toc] [h2]Actual Crypto Price of Cryptocurrency on the market now [/h2] [h3]Bitcoin/USD[/h3]...
  • N
    Digital Assets 1 Solana vs Ethereum, a tale of two blockchains — Which will be the victor?
    [RIGHT][IMG]https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTIzOWYtNzY2Mi03NWVhLTg2NTUtYTJiMjZkOTA4Yjcw.jpg[/IMG][/RIGHT] When it comes to crypto, value is determined by price, utility and users. Based on these metrics, is Solana or Ethereum winning the battle to be the best blockchain? [toc][/toc] [h2]Actual Crypto Price of Cryptocurrency on...
  • N
    Digital Assets 1 Ethereum TVL approaches 3-year high — Will ETH price follow?
    [RIGHT][IMG]https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NTAwYzUtNDA4Yy03MTQ4LWJhNjYtNjhlMWI3MTliODc2.jpg[/IMG][/RIGHT] Ethereum’s total value locked rose to levels not seen since 2022. Will ETH price benefit from the rise in activity? [toc][/toc] [h2]Actual Crypto Price of Cryptocurrency on the market now [/h2] [h3]Bitcoin/USD[/h3]...
  • N
    Digital Assets Ethereum price will stick below $3.5K until these 3 things happen
    [RIGHT][IMG]https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NGIzYjgtMTU3Yy03NjcyLWE3MWQtY2JmNzMwMGQxZmRh.jpg[/IMG][/RIGHT] It will take more than Ethereum’s upcoming Pectra upgrade to turn ETH price around. Cointelegraph explains why. [toc][/toc] [h2]Actual Crypto Price of Cryptocurrency on the market now [/h2] [h3]Bitcoin/USD[/h3]...

Useful Products and Services

Продажа Золота B
  • Broker
Золото - это Ключевой Защитный Актив. Когда хотят Выгодно Вложить Деньги - Выбирают покупку золота в форме Монет и Слитков.
0.00 star(s) 0 ratings
Released
Байер - Сделки через Доверенное Лицо B
  • Broker
Байер - это Сервис Покупок, совершаемых по Поручению заказчика.
0.00 star(s) 0 ratings
Released
Гарант - Страхование Сделок Онлайн B
  • Broker
Гарант - Сервис Страхования Сделок Онлайн. Проводим Выгодные Сделки Без Риска в Интернете.
0.00 star(s) 0 ratings
Released
Прокси-Покупки Недвижимости B
  • Broker
Прокси-Покупка Недвижимости - это Выгодная Услуга Опосредованного Инвестирования в Активы и Управления Собственностью.
0.00 star(s) 0 ratings
Released
Proxy Real Estate Investing B
  • Broker
Proxy Real Estate Investing is the Profitable method of Buying Property in Locations with Restrictions for foreign citizens.
0.00 star(s) 0 ratings
Released
Crypto/Currency/Cash Converting Service in Russia B
  • Broker
Crypto/Currency Converting Service is the profitable Money Exchange Office in Russia. Need to get Cash RUBles ? Feel free to ask us about the price and rate.
0.00 star(s) 0 ratings
Released
GOLD - SALE B
  • Broker
Gold is a Key Safeguard Asset. When people want to Invest Money profitably, they choose to buy gold in the Digital form and Physical Coins & Bars.
0.00 star(s) 0 ratings
Released
Back
Top