ETHEREUM (ETH) had a rotation ride after it had risen from the February 3 decrease from 2,125 dollars and was preparing to penetrate until the last disaster hit the market. Ether can turn to his worst performance in February ever if it remains under $ 2400 price.
The global digital assets market witnessed huge red indexes on Tuesday, as Bitcoin fell to less than 88,000 dollars. The maximum cumulative Crypto market fell by more than 8 % during the last day, standing by $ 2.88 trillion. More than $ 300 billion was erased from the maximum market for encryption in 24 hours.
Ethereum in the crisis?
The price of Ethereum has decreased by more than 10 % in the past 24 hours, as feelings have prevailed among investors. After that, February was a very bullish month for Ethereum, and there was only one of the same red on the record, in 2018.
The BYBIT penetration witnessed $ 1.5 billion from the market, which represents the largest encryption theft in history. The panic was swept the market and killed the eith momentum. Reports revealed that the suspect behind this law is only a group of Lazaros in North Korea.
Ben Zhou, BYBIT CEO, claims that they covered losses and promised to prove his review to restore confidence.
$ ETH It can go to the worst February if it decreases to less than 2,200 dollars. 📉
Historically, February was rising to ETH, with only one red month in 2018. But with a decrease of 23 % already, this may be another exception.
Overage economic uncertainty, including the new definitions of … pic.twitter.com/yyw5zhiv7v
– Spotonchain February 25, 2025
ETHEREUM has already decreased by 35 % since its highest level in December by more than $ 4100 and managed to apostasy from the decisive support level of $ 2500, giving traders hope. The biggest question here is whether this is shaking before ETH is $ 3000, or is we staring at the beginning of the deeper lower direction?
The ether price for touching $ 2,339 fell before the bounce again to trade on the decisive mark of $ 2,400. ETHEREUM is traded at an average price of $ 2,424 from the time of the press. Trading volume over 24 hours increases by 66 % to $ 39.6 billion.
ETH Filtering Series
After the sales of the market at the market level, the feelings are fragile, and global stocks no longer help. Traders hope that ETH will not decrease to less than $ 2000 in this Shakeout because Makerdao has three main liquidation points for ETH -backed debt jobs.
The first will reach 1906 dollars, the following will reach about $ 1,842 and the latter will reach $ 1793.
The value of each filter ranges from $ 109 million to $ 126 million with a total of $ 340 million. If ETH decreases by 18 % -22 %, this liquidation can lead to a series of consecutive on a large scale to send ripple effects via protocols and exchanges.
Let’s hope that ETH will not decrease to less than $ 2,000 in this shake.
This is because there are 3 large liquidation levels from Makerdao with the first up to $ 1906.
All three liquidation levels have a total of $ 300 million in the onchain rank. pic.twitter.com/xsibkmjgy5
– Nic (nicrypto) February 25, 2025
To date, $ 300 million has already been liquidated on ETH sites on the central stock exchanges over the past 24 hours. It turns out that more than $ 277 million of straining situations (90 %) are long sites. This indicates that traders were optimistic that the price of the ether would decrease, but the market has decreased.
Whales are loaded
Ki Jung Jo, founder of Cryptoquant mail. He highlighted that the market did not witness any pressure post -rhetoric sale as data on the chain and market data that remained neutral. He added that selling the stock exchange takes time, and that OTC’s emptying hardly affects the price.
It was stated that Ethereum holds 56 % of the maximum Stablecoin market. US President Donald Trump relieves encryption regulations, which indicates that more companies may use ETH and smart contracts in 2025.
Investors have already seen the approval of ETHER Spot ETF and the regulatory background winds can lead to “ETF ETF”. Joe added that the encryption whales accumulate in the decrease, as the ETH wallet balances jumped from 10,000-100000 by 24 % during the past year. He suggested that the current ETH price approaches the basis of costs for the accumulation of addresses.
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