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Will Ethereum Drop to $1,500? ETH Price Crashes 12% Ethereum (ETH), the world’s second-largest cryptocurrency, seems to be struggling and is poised for a massive price drop due to a notable decline in the past 24 hours. On March 4, 2025, with a 12% price drop, Ether has breached one of its crucial support levels, which it had been holding since December 2023. Ethereum (ETH) Technical Analysis and Upcoming Level  This breakdown has partially shifted market sentiment toward the bearish side. According to expert technical analysis, ETH appears bearish as it has fallen below the crucial support level of $2,200. Following this breakdown, the altcoin has cleared its path for a further price decline.  Based on recent price action and historical momentum, if ETH closes a daily candle below the $2,065 level, there is a strong possibility it could drop by 26% to reach the next support at $1,500 in the coming days. With a continuous price decline, ETH has fallen far from the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating that the asset is in a downtrend. Bullish On-Chain Metrics  Despite the bearish price action and continues price drop, whales and long-term seems to be accumulating the token, as reported by the on-chain analytics firm CoinGlass and the blockchain-based transactions tracker Lookonchain.  Whales’ Buy $10.40 Million Worth of ETH In a recent post on X (Previously Twitter) Lookonchain noted that a crypto whale know as 7 siblings has once again spent $10.36 million and has purchased a 4,993 ETH at an average price of $2,075. With these substantial accumulation of ETH tokens, this crypto whales’ ETH holding soars to 1,157,000 ETH worth $2.4 billion in the two wallet.  Whale "7 Siblings" spent $10.36M to buy 4,993 $ETH at $2,075 again. However, last time they have purchased on February 25, when they have spent 28.75 million DAI token and have bought 12,070 ETH, with an average price price of $2,382 level.  $130 Million Worth of ETH Outflow Besides whales rising interest amid price dip, it also appears that long-term have significantly accumulated ETH tokens. Data from spot inflow/outflow revealed that exchanges have witnessed an outflow of a significant $130 million worth of ETH in the past 24 hours, that indicating potential accumulation.  Despite all these accumulation and token outflow, ETH is currently trading near $2,070 and has experienced price drop of over 12% in the past 24 hours hour. However, during the same period its trading volume dropped by 12%, indicating lower participation from traders and investors which potentially caused by huge price fluctuation.

Beginning March 31, 2025, Binance will delist all stablecoin trading pairs that are not compliant with the European Economic Area’s Markets in Crypto-Assets (MiCA) law. Among the stablecoins impacted are USDT, FDUSD, TUSD, USDP, DAI, AEur, UST, USTC, and PAXG. Nowadays, users in the area are advised to change to MiCA-compliant solutions such as USDC, EURI, or directly using the euro (EUR). Given the European Union’s progressively strict control of stablecoins, this action is not wholly unexpected. Stablecoins in use must, according to MiCA, have more than 60% of their reserves in certified banks with e-money licenses. Some stablecoins that used to rule the market now find this control to be a hurdle. One among those impacted is Tether (USDT), the biggest stablecoin available worldwide. Its issuing company has not yet fulfilled the criteria established, which has resulted in some significant European crypto exchanges pulling support for it offline. Besides that, other platforms like Kraken and Crypto.com have also followed similar actions to guarantee adherence to European rules. Now most EEA crypto consumers have two options: either leave the stablecoin market completely or transfer their money into a compliant stablecoin. On the other hand, different news is emanating from the United States. Following over a year of restrictions, CNF reports that Binance US has at last reopened its US dollar trading operations to its clients. On the platform, users may purchase, sell, convert, and trade more than 160 different kinds of cryptocurrencies. This decision is a welcome relief for US customers who faced restrictions due to regulatory pressure on Binance US. The action represents a turning point for Binance in the US market, which had earlier run against several legal difficulties. Reopening US dollar trading would help Binance US establish more presence among the growing number of crypto exchanges running in the US in view of the rivalry among them. Binance is under pressure from other regions of the world in the meantime. Seeking $79.5 billion in claimed economic damages and another $2 billion in unpaid taxes over the past two years, the Nigerian government has sued Binance . The case coincides with Nigeria’s crackdown on the cryptocurrency sector, under more examination the last year. Binance itself rejects four allegations of tax evasion that it itself faces. Two Binance executives were arrested in 2024 after local authorities even connected some of Nigeria’s monetary woes to the actions of the company. The scenario shows how Binance must cope with various regulations in different areas. While in the US they were able to reopen under political pressure, in Europe they had to modify their policies to fit MiCA. In Nigeria, the problem is more complicated since it combines the economic stability of the nation with tax concerns.

Ethereum ICO whale moves $12.34M worth of $ETH to Ethereum Foundation An anonymous whale that acquired 560,000 ETH in the Ethereum ICO event transferred 6,022 ETH ($12.34 million) to an address tied to the Ethereum Foundation around two hours ago, according to on-chain analyst @ai_9684xtpa on X. The whale previously received 4 million DAI tokens from the Ethereum Foundation on May 10, 2022.

The digital world is transforming quickly because blockchain technology builds decentralized solutions that reshape entire industries. The advancement of blockchain technology is being propelled forward by Render Network, Internet Computer, Story Blockchain and DAI which enhance computing capabilities while enabling secure online services and protecting intellectual property and stabilizing decentralized finance. These platforms provide scalable and secure alternatives to traditional systems, offering greater efficiency and accessibility. Current price: $4.21 Market cap:$2.18B Render Network continues to enhance decentralized GPU-based computing by linking node operators with artists seeking scalable rendering solutions. The platform enables efficient 3D content creation by leveraging idle GPU resources through a peer-to-peer network. This approach increases rendering speed while lowering costs for digital artists and developers. The ecosystem further supports service development within the digital economy, providing a foundation for scalable applications. Current price: $6.78 Market cap:$3.26B The Internet Computer blockchain presents a completely new structure for decentralized computing which operates independently from conventional cloud data centers. Web application development as well as social media platform building and digital service creation becomes possible through this platform without requiring centralized server infrastructure. The new technology improves both security measures and delivers guaranteed data stability as well as enhanced scaling capabilities. The implementation of advanced cryptography through Internet Computers optimizes blockchain technologies for large-scale deployment. Current price: $6.17 Market cap:$1.54B Story blockchain provides a structured platform for creators to register, license, and monetize their intellectual property. It facilitates transparent digital asset management, ensuring seamless attribution and commercialization of creative works. Through decentralized technology, Story enhances security and efficiency in IP management, offering a reliable framework for digital rights protection. Current price: $1.00 Market cap:$5.36B DAI remains a key player in decentralized finance by maintaining a soft peg to the U.S. dollar. Operated by the Maker Protocol and MakerDAO, DAI is backed by multiple cryptocurrencies, ensuring stability and liquidity. Unlike its predecessor, Single-Collateral DAI, the current version supports multiple asset collateralization and offers users the ability to earn savings. This mechanism strengthens its utility in decentralized finance while reducing reliance on traditional banking systems. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.