• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Market

Ethereum plunged 15%: More than $23 billion at risk of sell-off

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Ethereum saw a sharp decline of 15% over the past week, resulting in significant losses for investors.

Related articles

Bitcoin Surpasses Previous High, Hits $112,000

July 10, 2025

Tether Holds $8B Gold in Secret Swiss Vault

July 10, 2025

The decline has increased selling pressure as Holder seems more inclined to take profits than hold out amid the volatility. This trend could worsen Ethereum’s downtrend if it continues.

Ethereum losses increase

The recent price drop has caused the amount of ETH losses to skyrocket by 7 million ETH in just one week, from 2.7 million ETH to 9.7 million ETH. This supply is now worth more than $23 billion, underscoring the scale of the losses. The huge surge in unrealized losses marked the biggest increase in more than five months, raising concerns about a surge in selling activity.

As losses accumulate, investor behavior shows a shift toward liquidating assets rather than waiting for a recovery. The growing selling trend could push prices lower, putting Ethereum at risk of entering a prolonged bearish phase if market conditions do not improve.

Ethereum Supply in Loss.
Ethereum supply is at a loss. Source: Glassnode

Ethereum’s overall momentum shows signs of potential weakness. Addresses operating in the profit zone currently account for more than 28% of participants on the network. In historical context, when margins surpass 25%, the potential for profit taking increases significantly, often leading to further price declines.

This level of profit suggests that many investors may sell to take profits, increasing existing selling pressure. If this trend continues, Ethereum may have difficulty maintaining its current price level, leading to a deeper price drop.

Ethereum Active Addresses by Profitability
Ethereum active addresses by profit. Source: IntoTheBlock

ETH Price Prediction: Growth is far away

Ethereum price fell to $3,377 after a 15% weekly decline. This is the second time in a month that ETH has failed to establish $4,000 as support, reinforcing the bearish sentiment. The inability to maintain this key threshold leaves Ethereum vulnerable to further corrections.

If the current downtrend continues and selling pressure increases, ETH is at risk of losing support at $3,327. Breaking this mark could push the price below $3,000, signaling a significant bearish period for the altcoin king.

Ethereum Price Analysis
Ethereum price analysis. Source: TradingView

On the contrary, Ethereum is facing a barrier at the $3,524 mark. If this resistance can be turned into support, it could trigger a recovery, pushing the price to around $3,721. The move should dispel fears of further losses, providing a much-needed boost to investor confidence and market sentiment.

General Bitcoin News

[ad_2]

Share76Tweet47

Related Posts

Top 3 prominent AI cryptocurrencies in the week of January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (BUZZ), BOTIFY and Freya (FREYA) are the top AI coins this week. BUZZ is up 58% in the...

Top 3 cryptocurrencies AI stand out in January 4, 2025

by Kishu Inu
January 25, 2025
0

Hive AI (Buzz), Botify and Freya (Freya) are the top AI currencies this week. Buzz has increased by 58% in...

The crook attacks the former Brazilian TT account to promote cryptocurrencies

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

The crook attacks the former Brazilian TT account to promote the cryptocurrency

by Kishu Inu
January 24, 2025
0

The hacker has appropriated the social network of Jair Bolsonaro, former Brazilian president, to promote a fake meme coin. As...

Solana price increased by 21%, surpassing Sony in market capitalization

by Kishu Inu
January 24, 2025
0

Solana price (SOL) has increased by 8% in the past 24 hours and 21% in the past week, with market...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin Surpasses Previous High, Hits $112,000
  • Tether Holds $8B Gold in Secret Swiss Vault
  • OpenAI to Launch AI-Powered Browser Amid Competition
  • Amazon Prime Day Sales Report a 41% Decline
  • GMX Exploit Reveals Design Flaw, $42M Lost
  • Pumpfun Pre-Sale Removed from Gate.io
  • US Tariffs on Iraq and Libya Impact Crypto Markets: Bitcoin and Ethereum Decline
  • GMX Platform Hacked for $42M, Offers 10% Bounty
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7