The atherium may see a harsh value fall as a $ 200-$ 400 as low as the crypto market has entered a new bear cycle, according to the leave, the vice president of the blockchain in Uga Labs.
In March 11 posts on X, left Questioned Optimist price target for ethereum (eth). While many people see $ 1,500 as a potential floor for Eth, he warned that if the recession is just starting, historical trends suggest that 80–90% dradown dradown prices may push down as $ 200- $ 400.
He also stated that 30% weekly decline of atherium and 50% fall in the last three months does not necessarily mean the worst, as true bear markets can erase a lot of values.
Despite this approach, leave it remains rapidly, but investors recommend that they rethink their allocation if they are not ready for further.
Meanwhile, the atherium whales are already Positioning For a decline in further possible value. On 11 March, Lukanchen flagged off a significant transaction, in which a wallet connected to the Etharium Foundation recently deposited 30,098 ETH (~ $ 56.08 million) in Mixardao (MKR) to reduce its liquidity value. This wallet now holds 100,394 eth ($ 182 million) on the manufacturer, with a liquidity limit of $ 1,127.
In a separate transaction, an atherium ICO whale also transferred 7,000 eths (~ $ 12.94 million) to crackon, indicating possible sales pressure.
Ethereum is struggling for several reasons, such as network activity falling, decline in institutional demand, and increasing competition from cheap, sharp blockchain. Spot Etreum Exchange-TRADED funds have seen a net outflow of about $ 119 million in the last one week according to Sosovalue. data,
Some analysts mention that the spot ETF seems to be less attractive than the 4.5% stabelcoin yield of decentralized finance, which is caused by the absence of their encouragement.
At the same time, the dominance of the atherium in DEFI and Sada Futures Trading is in danger of its fragmented layer 2 ecosystem and growing competition from platforms such as hyperlicid (hyp) and berachain (bera), which has shut down bills in total value.
As a result of network activity and fall in low gas prices, ETH has also failed to maintain its deflation status, its supply is now increasing at an annual rate of 0.7%. While this was intended to reduce inflation, EIP -1559 Burn Mechanism has fought to release fresh.
It is not clear that ETF will soon be able to recover its previous $ 2,600 support in the absence of ETF stacking incentives and will increase demand for DEFI. As a press time, Ethereum has been trading at around $ 1,850, in the last 24 hours, according to Koilus, with $ 246 million in liquidation in the last 24 hours data,
