Why is Ethereum (ETH) today?

The price of ETHER (ETH) has decreased by more than 11.75 % in the past 24 hours to about 1900 dollars. At its lowest level of the day, the cryptocurrency was traded at $ 1755, its lowest price since October 2023.

There seem to be several factors that contribute to ETH price losses, including:

• The American recession and its general impact on risk markets are afraid.

• Huge long qualifications in the encryption market.

• ETH backed encryption loans as side liquidation risk.

• Habbudian techniques.

The low price of the ether with assets on risk

The continuous decrease in ETHER reflects similar declines in the broader risk market due to the unjust total economic conditions.

Main points:

• JPMorgan raised the risk of American recession to 40 % for 2025, an increase of 30 %, noting the “United States extremist policies” of US President Donald Trump as a major risk factor.

• Goldman Sachs also raised the possibility of recession for 12 months to 20 %, up from 15 %.

• Earlier in March, Trump imposed a 25 % tariff on all goods from Mexico and Canada, and 10 % tariffs on Chinese imports.

• Canada and Mexico have announced an intention to impose a retaliatory tariff on American goods, the escalation of trade tensions and increase concerns about a possible trade war.

• Meanwhile, China has already retaliated by increasing the customs tariff on multiple American products and imposing investment export controls and restrictions on 25 American companies.

• These definitions are expected to increase consumer prices and contribute to American inflation.

American recession fears affect Ethereum and the encryption sector, especially:

• It has decreased historically historically, the ether, bitcoin, and other high-level encryption assets decreased during periods of economic turmoil, for example, the sale of the Covid-19 in March 2020.

• As of March 11, the link was 52 weeks between the encryption market and the American standards index, the S&P 500, 0.69.

• The positive link constantly increases the possibility of a decrease in the encryption market if American stocks continue to decline, especially as the trade war continues.

• Bond dealers do not see any need to reduce the rate before June, with CME data 95 % and 52.5 % of the possibilities of stopping in the FBI march and holding meetings, respectively.

Bad DEFI loans increases the pressure pressure

A 74 million dollars Difi loan On the sky protocol, which is compared to $ 130 million in ETH, it was ranked almost after the price of the ether drop to less than the liquidation level above 1900 dollars.

As happened:

• Borrower He added $ 34 million in ETH As a guarantee to avoid liquidation.

• She withdrew $ 1.6 million from the USDT from Binance, exchanged it with Dai, and was deposited into a maker.

• The debts reduced to $ 73.1 million, while the price of the ETH continued.

• The liquidation level remained at $ 1,836 per eth, closer to the current ETH price above 1900 dollars.

• almost 353 million dollars of debt are associated with such loansThe risk of filtering if the ETH price decreases by 20 % of here.

Long references accelerate the declining direction

Ether coincided over the past 24 hours with a wave of long qualifiers that forced merchants to get out of their positions.

Main meals:

• More than $ 240 million of ETH positions have been eliminated within the past 24 hours, with a long rank of 196.27 million dollars, or 82 % of the total.

• The low price decrease led to a series of forced sales, as merchants who are betting on increased ETHEREM prices were liquidated.

• When the long pleading fails to maintain the requirements of the margin, the exchanges are automatically selling its property to cover the losses.

• Such references accelerate the low prices, which exacerbates the shrinkage.

• The broader encryption market also I witnessed a sharp sharp eventWith the total qualifiers up to $ 897.26 million over assets.

Ether eyes decrease about $ 1700

From a technical perspective, the low ETHER prices today is part of its prevailing style of the cup and equation (IC & H).

Main points:

• Temporary unification (handle) was formed near $ 2700, indicating a failed attempt.

• ETH broke out without the main support levels, confirming the collapse of IC & H, which leads to more losses.

• The scaling of the style move indicates a possible decrease of about $ 1700, as it is in line with the level of dotted support.

• EMA remains for 50 days ($ 2,600) and 200 days ($ 2,929), which enhances the emotional feelings.

The main levels of watching:

• The price of ETH is within the descending channel style since late February.

• As of March 11, the ETH/USD pair was rising after testing the lower direction line of the channel as support.

• Such balls have taken prices towards the channel’s upper direction line in modern history.

• In the event of repetition of fractures, the next ups of the ETH can be about 2000 dollars, as it is in line with the decline line 0.236 fibonacci.

• The opposite of the current price levels can have an ETH test IC & H goal of $ 1700.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.