Ethereum (ETH) Has Almost Reached Zero! What's Next for ETH, According to Historical Data?
The leading cryptocurrency, Bitcoin, and altcoins experienced sharp declines and fell to levels not seen for a long time.
With Etheruem falling below $3,000 after a long period, the analysis firm said that ETH liquidity has fallen to past market lows and has completely disappeared.
Ethereum’s liquidity has fallen to levels previously seen at major market bottoms, according to an analysis by Swissblock’s altcoin-focused X account Altcoin Vector.
The analyst firm said that Ethereum liquidity has effectively fallen to zero, which is very similar to what was seen during past major dips.
Analysts noted that historically, a collapse in liquidity is followed by a consolidation lasting several weeks, rather than a structural decline, and a market bottom is formed.
“After liquidity collapses, there tends to be a few weeks of consolidation and a bottom rather than a structural decline.
“ETH appears to be entering such an adjustment and bottoming phase right now. It's just a matter of time.”
Analysts noted that price correction and bottom formation usually continue until liquidity recovers, and said that if liquidity returns in the next few weeks, the ETH price is likely to recover.
“However, if liquidity and price recovery in Ethereum are delayed, the prolonged sideways trend may continue and the structural stability of ETH may be weakened.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: The initial independent review of Bitcoin Core's security finds no major vulnerabilities
- Brink funded Quarkslab's first independent Bitcoin Core security audit, revealing no critical vulnerabilities in the protocol's reference implementation. - The audit confirmed Bitcoin Core's robust security policies, identifying only two low-severity issues and 13 non-classified vulnerabilities. - Enhanced testing frameworks and file system optimizations from the audit are now being integrated into Bitcoin Core's codebase. - This marks a shift toward third-party validation for open-source blockchain secu
Fed's Discussion on Lowering Rates: Balancing Job Market Concerns and Inflation Risks Amid Limited Data
- Fed's December rate cut odds dropped to 52% as data gaps and labor market slowdown fuel investor uncertainty. - Governor Waller advocates 25-basis-point cut citing weak job growth and AI-driven hiring challenges, contrasting inflation-focused officials. - Key metrics like delayed September payrolls and October meeting minutes will shape final decision amid policy debate. - Global central banks and Trump's Fed chair selection add political risks to monetary policy neutrality. - Gold prices fell 3.4% as re
Bitcoin Updates: XRP ETFs See Increased Investments While Price Drops Close to $2 During Bitcoin Outflow
- Bitcoin fell below $90,000, triggering $866M in ETF redemptions and heightened volatility across crypto markets. - XRP clings to $2 support amid mixed signals: $58.6M inflows into new XRPC ETF contrast with $28M in 24-hour liquidations. - Technical indicators show extreme oversold conditions for XRP, with 41.5% of circulating supply at unrealized losses. - Institutional moves like Harvard's $443M Bitcoin bet highlight crypto's evolving role despite macro-driven selloffs.
Trending news
MoreCrypto prices
More
