Ethereum has plummeted to $1,490.12, recording a staggering 56 percent decline over the past year of trading. The crypto market is reeling from intensified macroeconomic pressure, shaking investor confidence across global financial sectors.
Ethereum recorded its major price drop to $1,490.12 while enduring a decline exceeding 56 percent during the beginning year. High volatility is a defining characteristic of virtual asset markets because volatile macroeconomic conditions together with international trade tensions generate worldwide uncertainty among investors.
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The price of Ethereum plummeted dramatically after Donald Trump became the United States president when he implemented new taxation procedures. Multiple policy changes together with wavering political security internationally triggered market panic in traditional financial systems while concurrently affecting digital assets markets.
ETH maintained a position above $3,000 during the final quarter of 2024 before entering a steep downward trend. Multiple key levels collapsed in succession, pushing Ethereum below $1,500 and signaling increasing weakness across the altcoin market.
Massive Whale Moves Stir Market Chaos as Ethereum Bears Tighten Their Grip
Ethereum’s decline below $1,870—a critical Fibonacci support range—marked the beginning of a deeper bearish confirmation. Technical analysts have been watching this level closely, and its breach now paints a grim picture for price recovery.
Though the Relative Strength Index indicates oversold conditions it has not yet led to new buying pressure according to current market data. Historical data from March demonstrates that RSI dips produced small price increases that then triggered larger price decreases.
The market confidence has been severely impacted because investor panic has increased as whales demonstrate significant movement which deepens downward pressure. A sizable Ethereum whale executed a big liquidation of $106 million worth of assets from Maker that included more than 67,000 ETH units during the most recent weekend.
The analysis company Lookonchain detected a massive sale of 14,014 ETH, with worth reaching $22 million following trading.
These massive sell-offs have caused ripple effects throughout the market, amplifying volatility and exposing the fragility of sentiment. Traders and analysts now fear further breakdowns as Ethereum struggles to stabilize under rapidly deteriorating conditions this week.
Ethereum’s collapse below $1,500 raises alarm as whale-driven liquidations inject fresh panic across the crypto market. With key supports broken and recovery signs weakening, all eyes remain on ETH’s next move in this unstable environment.
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