Ethereum’s Price Revival: Crucial Levels to Monitor After $2K Plunge

Ethereum Price: A Bumpy Road to Recovery

Ethereum, the second-biggest cryptocurrency, has had a tough time lately. After losing over $2,000, Ethereum is now trying to get back on track. This recovery is important for investors and traders because it could show a change in what people think about the market.

What’s Happening in the Market Right Now?

Ethereum’s price has been going down because of a few things. The supply of Ethereum has been increasing, and there are more Ethereum tokens on exchanges. In the last month, about 66,350 more ETH tokens, worth around $138 million at today’s prices, have been added to the supply[3]. This increase in supply, along with more tokens on exchanges, can make the price go down because it might mean that people are planning to sell.

Even with these challenges, Ethereum is expected to trade between $4,000 and $4,200 in March 2025. This shows a slow recovery as the market becomes more positive. Some technical indicators, like the MACD, suggest that buyers might be taking control again[1].

Important Levels to Keep an Eye On

Support Levels

    • $4,000: This is a very important support level, and Ethereum needs to stay above it to keep moving up[1].
    • $3,800: This was a strong support level in February 2025 and is also supported by the 20-day exponential moving average (EMA)[1].

Resistance Levels

    • $4,200: This is a big resistance level that could stop Ethereum’s upward momentum. If Ethereum can go above this level, it might start a new wave of growth[1].
    • $4,500: This is expected to be a key resistance in April 2025, and it might test the upper Bollinger Bands[1].

What People Think and the Future

People’s feelings about Ethereum are important for its recovery. Even though there are bearish pressures now, some analysts think that the current prices are a great chance to buy, especially for people who want to invest for a long time[3]. In the past, when many people were losing money, it often led to big price increases[3].

Looking ahead, Ethereum’s price is expected to keep going up, maybe even reaching between $4,500 and $4,700 by May 2025[1]. This is because of an ascending triangle pattern on the daily chart and more activity from big investors[1].

Conclusion: A Road to Recovery

Summary and Outlook

Ethereum’s recovery depends on overcoming supply and sentiment challenges. While the current market conditions are tough, they also offer chances for long-term investors. As Ethereum faces these challenges, it’s important for it to stay above key support levels and break through resistance for its future price path.

In the coming months, Ethereum’s ability to keep its rally above important levels will decide if it enters a new phase of growth. With more network activity and better macroeconomic conditions, Ethereum has the potential to grow and is a cryptocurrency to watch closely.

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Sources:
– coindcx.com
– thecurrencyanalytics.com

Bybit Hack & Ethereum Rollback: Challenge to Blockchain’s Immutability

Blockchain Drama: The Bybit Hack and the Rollback Debate

Imagine this: in February 2025, a huge hack happens on the Bybit exchange. Nearly $1.5 billion in Ethereum (ETH) just vanishes into thin air![1][3] This wasn’t just any hack; it was one of the biggest in the history of cryptocurrency. Suddenly, a long-standing debate in the Ethereum community heated up again: could a blockchain rollback help get the stolen funds back?

The Bybit Hack: A Big Problem

The hack was so big that over 400,000 ETH were stolen![3][4] This made people talk about ways to fix the problem. Arthur Hayes, who helped start BitMEX, even suggested a rollback to get the stolen ETH back. He said it would be like what happened in 2016 with the DAO hack.[3][4] But not everyone agreed with this idea.

What’s a Blockchain Rollback?

A blockchain rollback is like going back in time to undo bad things that happened on the blockchain. To do this, everyone who helps keep the blockchain running (called validators) has to agree to throw out the bad blocks and start over.[5] While it might seem like a good idea, rollbacks can cause big problems for trust and decentralization.

What Happened with the DAO Hack?

Back in 2016, the DAO got hacked, and a lot of money was stolen. The Ethereum community had to do something, so they made a new version of Ethereum with a hard fork. This didn’t roll back the blockchain, but it did help get the stolen money back on the new Ethereum chain.[1] People still talk about this when they talk about rollbacks, but it’s not the same as what’s happening now.

Why Rollbacks Are Hard

Ethereum keeps track of everyone’s money in a special way called an account model. This makes it really hard to fix things if something goes wrong and we want to roll back.[1] Plus, rolling back would go against the rules of blockchain, like not changing things that have already happened (immutability) and letting everyone have a say (decentralization).[1][5]

What Does This Mean for Blockchain?

In the end, the Bybit hack showed us that blockchain has to find a balance between being safe and keeping its rules. While rolling back might seem like a quick fix, it could hurt the things that make blockchain special. The Ethereum community said no to rolling back because they want to keep the blockchain trustworthy.[1][5]

As blockchain keeps changing, we’ll have to keep finding that balance. It’s a big challenge, but it’s also what makes blockchain so interesting!

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Sources:
– Cryptonomist
– ZyCrypto
– BeInCrypto

Ethereum ($ETH) Liquidity Wick Filled: Michaël van de Poppe’s Analysis

Ethereum’s Big Price Swing: A Close Look

In the world of crypto, some events really catch our eye. Like when Ethereum’s price suddenly goes up and down a lot in one day. Recently, Ethereum did just that! It dropped by 27% and then went back up by 38% all in the same day[1]. This big price swing, or “liquidity wick,” has everyone talking, especially crypto traders and analysts like Michaël van de Poppe.

What’s a Liquidity Wick?

A liquidity wick is like a long tail on a candlestick chart. It shows when the price of something suddenly goes way up or down before coming back to where it started. This happens when there are more people buying or selling than usual, maybe because of some news or someone trying to trick the market. Ethereum’s recent wick was so big that even technical analysts noticed it[1]. They think the price might go back towards the middle of the wick before going up again.

What People Think About Ethereum

Even though Ethereum’s price went crazy, people are still interested in it. Since February 2, about 340,000 ETH (worth $920 million) has left exchanges[1]. This means people are buying Ethereum and putting it in their own wallets instead of leaving it on exchanges. Also, Ethereum ETFs are still getting a lot of attention from big investors[1].

Important Levels for Ethereum

Technical analysts are watching some important levels for Ethereum. The ETH/BTC ratio is at a five-year low, which means Ethereum’s value is going down compared to Bitcoin[1]. But there’s a strong support level around $2,438 where lots of people hold their Ethereum, so the price might not go down too much[1]. There are also some resistance levels, like around $3,050 to $3,140, that could help Ethereum go up again[2].

People Betting Against Ethereum and Whales Buying

Lots of people are betting against Ethereum right now. Short positions are at a record high, over $11 billion[3]. This could mean that if the market gets better, we might see a “short squeeze” where Ethereum’s price goes up really fast. Meanwhile, big Ethereum holders, or “whales,” are buying more ETH, which could make the price go up even more[3].

A New Chapter for Ethereum?

So, what’s next for Ethereum? The big price swing showed that Ethereum can bounce back. With lots of Ethereum moving off exchanges and big investors still interested, Ethereum could go up again. But it won’t be easy, with high short positions and important technical levels to deal with. Everyone’s watching to see what happens next!

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Sources:
– blockonomi.com
– binance.com
– fxempire.com
– cryptonewsland.com

Bybit Hacker Completes Ethereum Laundering

Bybit Hack: A Big Cybercrime Story

Imagine this: Hackers from North Korea’s Lazarus Group steal $1.4 billion worth of Ethereum from a cryptocurrency exchange called Bybit. Then, they clean the money so well that it’s almost impossible to trace! That’s what happened, and it’s a big deal in the world of cybercrime.

The Big Theft

The hackers took about 499,000 Ethereum from Bybit. That’s like stealing a huge pile of gold, but in digital form! This theft is one of the biggest in the history of cryptocurrency. What’s even more surprising is how quickly the hackers cleaned the money.

How They Cleaned the Money

The hackers did something called “money laundering” to hide where the money came from. Here’s how they did it:

    • First Stop: Decentralized Exchanges (DEXs) – The hackers turned the stolen Ethereum into Ether using DEXs. This way, no one could freeze the money.
    • Mixing It Up – They sent the money through many wallets and moved it between different blockchains. This made it hard to follow the money trail.
    • Using Decentralized Protocols – A lot of the stolen Ethereum was moved through something called ThorChain. This helped the hackers swap assets between blockchains without anyone knowing.
    • Ending Up with Bitcoin – In the end, the hackers turned the cleaned Ethereum into Bitcoin using a service called eXch. This made it even harder to find the stolen money.

Why This Matters

This hack shows how hard it is to catch cybercriminals when they use decentralized platforms and anonymous exchanges. It’s like trying to find a single drop of water in a vast ocean! This makes it really challenging for police and other authorities to find and stop these crimes.

The cryptocurrency world needs to work together to make things safer. This means having better ways to watch what’s happening on blockchains, stricter rules to stop money laundering, and working together across borders.

What’s Next?

The Bybit hack shows that cybercrime is changing and getting more sophisticated. It’s like a new frontier, where hackers are finding new ways to steal and hide money. To keep cryptocurrency safe, we need to be ready for these changes and work together to stop them.

Ethereum Tests $2K Support: $1,740 Next?

Ethereum (ETH) Struggles to Stay Above $2,000: Could $1,740 Be Next?

Ethereum, the second-biggest cryptocurrency, is having a tough time lately. It’s been trying to stay above $2,000, but investors are worried it might drop to $1,740 soon. Let’s find out what’s happening in the market and what might happen next with Ethereum.

What’s Happening in the Market?

Ethereum’s price has been going up and down a lot, like a rollercoaster. It even went up to $2,550 before coming back down again[1]. This is because of things like how much money is available to buy and sell (liquidity), what people think about the market (sentiment), and special math tools (technical indicators) that help us understand the market.

Recent Price Changes

In the past month, Ethereum’s price went down by 32.61%[3]. This is part of a bigger trend where the price of Ethereum has been going down for a while. Even though it’s been hard, Ethereum is still an important part of the crypto world, and there are new things happening that could change its future.

Technical Analysis

To understand where Ethereum is now, we look at technical indicators. Right now, investors are really worried, which is shown by the Fear & Greed index being at 15[3]. This could be a good time to buy, because markets often go back up after people are this worried. There are important levels where the price might stop going down or up, like $2,026.39, $1,885.20, and $1,645.30 for going down, and $2,407.47, $2,647.36, and $2,788.55 for going up[3].

Moving Averages and Oscillators

Most of the special math tools (like moving averages and oscillators) are saying we should sell Ethereum, which matches the worried feeling in the market[3]. But remember, these tools can change quickly when the market changes.

What Might Happen Next?

If Ethereum can’t stay above $2,000, it might go down to $1,740. But if it can get stronger and go above the resistance levels, it might start to get better again.

What’s Next for Ethereum?

An Important Moment Coming Up?

We don’t know what will happen to Ethereum, but it’s been through a lot and there are new things happening, so it’s worth watching. Right now, it’s trying to stay above $2,000, and investors are waiting to see what happens next. Will it go down to $1,740 or will it get better? We’ll have to wait and see, but the next few weeks will be really important for Ethereum.

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Sources:
– CoinStats
– CoinCodex

ETH Plunges 15% in Day; $165M Long Positions Liquidated

Ethereum’s Big Drop: A 15% Price Crash in Just 24 Hours!

Ethereum, the world’s second-biggest cryptocurrency, had a sudden and sharp drop in its price, falling by 15% in just one day. This quick crash left many investors surprised and upset, with over $165 million in long positions (bets that the price would go up) being closed suddenly. Everyone wants to know: what caused this sudden price drop?

What Happened?

The Ethereum price has been going up and down a lot lately, which is not unusual for cryptocurrencies. After President Trump said the U.S. might create a cryptocurrency reserve that could include Ethereum, its price went up. But then, just a few days later, the price started to drop again and went back down to where it was before the announcement.

Why Did the Price Drop?

Several things might have caused Ethereum’s price to drop:

Economic Troubles Around the World

When there are problems in the world’s economy, especially in the U.S., investors become more cautious and less likely to take risks. This can make them sell their cryptocurrencies, which can cause the prices to go down.

Big Investors Selling

Some big investors, called “whales,” sold a lot of their Ethereum, which put a lot of downward pressure on the price. We can see this because there’s more Ethereum on centralized exchanges (places where you can buy and sell cryptocurrencies) than there has been in a long time. This sudden selling of long positions caused many investors to lose a lot of money.

Price Fluctuations

Ethereum’s price has been going up and down a lot. It went up by 14% one day and then dropped by 15% the next. These sudden changes in price can cause people to sell their Ethereum, which can make the price drop even more.

How Did This Affect Investors?

Many investors who thought the price would go up after President Trump’s announcement lost a lot of money. But some investors who thought the price would drop made money from their short positions (bets that the price would go down).

What Can We Learn From This?

Ethereum’s sudden price drop shows that cryptocurrencies can be very volatile, meaning their prices can change a lot. Investors need to be careful and adapt to changes in the market. Understanding what causes these changes can help investors make better decisions in the future.

 

Sources:

Ethereum Drops Below Key Channel; $1,250 in Sight?

Ethereum’s Ups and Downs: Breaking Out of the Safe Zone

Ethereum, the second-biggest cryptocurrency, has had a rough time lately. Its price has dropped a lot, breaking out of a special line called a “parallel channel” that it had been following for months[1]. This has worried many investors and experts, who think Ethereum might drop even more, maybe even down to $1,250[1]. Let’s find out why Ethereum is being so volatile and what might happen next.

What’s a Parallel Channel Breakdown?

A parallel channel is like a road that shows where a cryptocurrency’s price might go. When a cryptocurrency’s price goes below this road, it usually means the price might keep going down[1]. Ethereum’s price recently went below this road, which makes some experts think it might drop even more.

Why is the Market So Volatile?

The whole cryptocurrency market has been very shaky and uncertain. Ethereum has lost more than 20% of its value in a short time[1]. This isn’t just happening to Ethereum; other cryptocurrencies called “altcoins” are also having a hard time[1]. Investors are being careful, waiting to see if things will get better or worse.

What’s Been Happening to Ethereum?

Several things have made Ethereum’s price go up and down. One big thing was when the Bybit exchange lost $1.5 billion because of a hack[3]. Even though the boss of Bybit said they would fix it, the hack made people worried about the market.

What Do the Charts Say?

When we look at Ethereum’s price on a chart, we see that it was stuck in a parallel channel on a daily chart, but the weekly chart shows a more worrying picture[3]. Some signs, like the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD), show that the price might go down more[3].

What’s Next for Ethereum?

Ethereum is at a very important point right now. The way its price has been going and the worried feelings in the market suggest that Ethereum might have some big challenges soon. If Ethereum can’t go back up to where it was before, it might drop even more, maybe down to $1,250[1]. But if Ethereum can get back up and find a good place to stop, it might do better in the future.

In short, Ethereum is going through a tough time with lots of ups and downs. The next few days will be very important in deciding whether Ethereum can stay steady or if the worried feelings will keep going, which could affect not just Ethereum but the whole cryptocurrency market.

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Sources:
– TradingView
– CCN