Ethereum’s Price Crash Signals One of Its Toughest Quarters

Ethereum has seen a dramatic slump in the past few days, with its price plummeting after a failed attempt to break through the $2,500 barrier.

Currently, the altcoin is testing critical support levels around $2,000, extending its losses for the year to a staggering 36%. If it continues to fall, Ethereum is on track to record its worst-ever first quarter performance, with some analysts predicting that a dip below $1,600 could make this its most disastrous quarter yet.

In a little over three days, Ethereum’s price dropped more than 14%, with significant liquidations pushing $209 million in the last 24 hours alone. After starting 2025 strong at around $3,300, the cryptocurrency has seen a major retreat, leaving many investors concerned.

A major whale, reportedly shorting Ethereum with significant leverage, has made massive profits from this decline. In fact, the whale’s unrealized gains have surpassed $81 million as the price continues to drop.

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The situation has worsened for Ethereum’s ETFs, particularly BlackRock’s iShares Ethereum Trust (ETHA), which has experienced over $164 million in outflows since February.

This lack of institutional confidence is evident, with ETHA shares down nearly 40% since the start of the year. Peter Schiff, a notable critic of cryptocurrency, expressed skepticism, claiming that Ethereum still has far to fall despite short-term hype.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.