Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, is down about 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resilience than many altcoins, which crashed by over 95% in some cases.
The market crash sparked by US President Donald Trump’s tariff announcement took the price of ETH down to a low of about $3,510 on Friday, a decline of over 20% in a single day.
Price tapped the 200-day exponential moving average (EMA), a dynamic support level, before rebounding to over $3,800. The relative strength index (RSI) is also at 35, nearing oversold conditions, signaling a potential reversal to the upside.
Ethereum price action and analysis. Source: TradingView
The sudden market downturn liquidated nearly 1.6 million crypto traders, according to Coinglass. Following the market carnage, Sassal, a crypto investor, said:
“BTC and ETH did relatively well compared to the long-tail of alts, which nuked 70% or more, with some even going down 95% or more. I’m not usually into conspiracies, but clearly this was not normal market behavior.”
Friday’s market crash represented the most severe crypto liquidation event in history, wiping away up to $20 billion in 24 hours and shaking investor confidence in the markets, as fears of a protracted trade war between the US and China gripped traders.
Related: ETH sells off alongside Bitcoin, but Ether adoption pace still supports rally to $10K
ETH to $5,500 next or will inbound sell pressure suppress price?
ETH is down over 22% from its all-time high of $4,957 reached in August, according to data from TradingView.
Analysts from investment research firm Fundstrat forecast that ETH could rally to a new all-time high of $5,550 after bottoming out in Friday’s market downturn.
Ether exchange inflow mean hits highest level recoded in 2025. Source: CryptoQuant
However, potential sell pressure could keep prices down. The Ethereum exchange inflow mean, a metric that tracks the number of coins sent to exchanges for possible selling, reached 79 on Saturday, according to CryptoQuant.
This marks the highest level of ETH exchange…
..
