The encryption market is disrupted, ETHEREUM decreases under the price of $ 1500: Is 1,000 dollars the following on the hibbodian radar?
Since the Crypto market has witnessed a large liquidation of $ 1.43 billion over the past 24 hours, the largest altcoin, ethereum has returned under the mark of $ 1500. Currently, the special code shall be traded at a market price of $ 1,478, and a decrease in prices over 24 hours is approximately 20 %.
Ethereum carries a $ 178 million in the market as the encryption market enters a stage of extreme fear. Will the low market conditions in the ETHEREUM market decrease to the $ 1,000 sign? Let’s discover.
Ethereum price analysis warns $ 1,000
In the weekly graph, the ETHEREUM price trend displays a 200 -week -long EMA line. The declining trend has violated the level of decisive support of $ 1,542.
Currently, the ETHEREUM price is traded at the price level last time in early March 2023. The increasing landfill of the EMA line is 50-100 days. Moreover, the rapprochement of the moving average convergence indicates a declining direction on hand.
The signal lines maintain MACD and negative trends with an intense graph. Moreover, the EMA 2020 and 200 days lines are about to give a negative intersection.
The short -term downward trend undermines the long -term trend. The collapse of the level of 23.60 % at $ 2,371 led to a consecutive effect. This led to multi -bound candles and approaches the decisive support of $ 1,000.
The inventive investment funds are witnessing huge flows for six consecutive weeks
Amid the increasingly impact on ETHEREUM, institutional support continues to decline. Last week, Ethereum Support ETFS registered a total of a week Net flow From 49.93 million dollars.
This represents the sixth net in a row or a negative weekly flow. However, the net external flow over the past six weeks, since late February, is now about 800 million dollars. It is worth noting that the total net accumulated flow for the ETHEREUM Spot Investment Funds is $ 2.36 billion as of April 4, 2025.
The bulls are struggling with Ethereum Futures amid the supply of tsunami
With an increase in the liquidation in the encryption market, Ethereum Derivatives She witnessed a 24 -hour liquidation of $ 419 million. Long qualifiers represent approximately $ 350 million, with short qualifiers approaching $ 70 million.
The massive references have rocked the multi -traders in the market. Ethereum open interest decreased by 16.85 %, with $ 17.10 billion. Amid enormous fluctuations, giant whales are struggled to maintain their long sites.
According to a recent tweet by Spotonchain, Whale 0x7D6 currently holds 270,000 ETH at approximately $ 400 million. The whale paid 3.52 million dinars and deposited 60,000 ETH to reduce the liquidation price to $ 912.
Giant whales are scrambled to stay standing on his feet with $ ETH Long situations!
1⃣ Pisces “0x7d6” holding 270 kg $ ETH ($ 395 million) on #maker Payment 3.52 meters $ Day And the deposit of 60 kilos $ ETH To reduce the liquidation price to 912 dollars.
2⃣ Pisces “0xab7” with 49,018 $ ETH ($ 72 million) on #Aave Sell 7,976 … https://t.co/rgissomvr6 pic.twitter.com/vyjkmf3le
– Spotonchain April 7, 2025
This reflects a new whale effort to maintain long situations, expecting a possible bounce. Moreover, what 0xab7 has 49,018 ETH at AAVE.
The whales sold 7,976 ETH at a value of about $ 11.6 million to reduce debt and leverage. The whale filtering direction remains imminent as ETH decreases to $ 1418.
Is recovery possible for ethereum?
With the declining trend of a long -term correction in the long term, the short -term price direction in the weekly candle is hinting to a possible transformation. This can help Ethereum floating the highest level of broken support of $ 1542.
In such a case, the possible re -test of the line will become at $ 2,266 the possibility in the short term. On the other hand, the level of decisive support for Ethereum remains an area that extends from a sign of $ 1,000 to $ 1,143.
