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news-imageFebruary 28, 2025

Ethereum Price Faces Pressure, Testing Key Support at $2,200

Ethereum has been experiencing significant downward pressure, as the ongoing bear market intensifies. The cryptocurrency has seen a substantial drop over the past few days, and it now finds itself testing crucial support levels that could determine its next major price movement.
Publisher: The Currency Analytics
Sentiment: Negative
ETH

More News Articles

Negative
cover-imageBenzinga
February 28, 2025

Bitcoin Plummets Below $80,000, Ethereum, XRP, Dogecoin Get Hammered As Crypto Crash Continues

Bitcoin (CRYPTO: BTC) continues to tumble, falling as low as $78,433 in early Friday morning hours amid a record streak of spot Bitcoin ETF outflows. What Happened: According to data from SoSoValue, U.S. spot Bitcoin ETFs have seen $3.2 billion in net outflows over an eight-day period, matching the longest negative streak since their debut.

Negative
cover-imageBenzinga
February 28, 2025

Bybit's Mega Ethereum Hack Sparks Hard Fork Divide—A Choice Between Preventing Kim Jong Un's Nuclear Ambitions And Blockchain Immutability?

The $1.4 billion Ethereum (CRYPTO: ETH) theft from cryptocurrency exchange Bybit has not only sent shockwaves through the market but also revived a long-standing contentious debate—implementing a hard fork to recover hacked funds. The enormity of the hack, considered the biggest in cryptocurrency history, and the involvement of North Korea's state-backed Lazarus Group have motivated these demands.

Negative
cover-imageCrypto Economy
February 28, 2025

Crypto Bloodbath: Bitcoin and Ether Plunge on Tariff Uncertainty

TL;DR Market Plunge: Bitcoin and Ether drop below key levels, $80K and $2,100 as tariff uncertainty shakes investor confidence. Tariff Tension: U.S. tariff hikes on imports stoke fears of trade wars, potentially driving inflation and economic slowdowns. Liquidation Wave: Hedge fund sell-offs trigger over $1.34B in crypto liquidations, dragging down overall market cap by 7.25%.

Negative
cover-imageCryptopolitan
February 28, 2025

Ethereum erases 50% value post-Trump markets

According to the Global Capital Markets analysis team, the Kobeissi Letter, Ethereum (ETH) has shed almost 50% of its value since the end-2024 bull market run that began when President Donald Trump won the US elections. The global crypto market is also down 30% from its 3-month high of $3.895 trillion, according to Coingecko.

Negative
cover-imageTokenpost
February 28, 2025

Ethereum Plunges Over 10%, Hits Multi-Month Low

Ethereum (ETH) tumbled 10.12% on Friday, marking its steepest one-day drop since February 24. Trading at $2,104.07 by 00:54 (05:54 GMT) on the Investing.com Index, ETHs market cap fell to $255.71 billion, representing 9.66% of the total crypto market.

Neutral
cover-imageThe Currency Analytics
February 28, 2025

Ethereum Price at Critical Level: 82% of Holders in Profit

Ethereum (ETH) is facing a crucial moment in its price journey, with its current value hovering near a key support level of $2,345. As the second-largest cryptocurrency by market capitalization, Ethereum's price movements are closely watched by investors, analysts, and traders alike.

Negative
cover-imageInvezz
February 28, 2025

Bybit theft: Hacker launders over 50% of stolen $1.4B in Ethereum

A hacker responsible for the $1.4 billion Bybit heist has laundered over 50% of the stolen Ethereum in just five days, pushing THORChain's transaction volumes to record highs. According to blockchain analytics firm Spot On Chain, the attacker moved 266,309 Ethereum (ETH), worth approximately $614 million, at an average rate of 48,420 ETH per day.

Positive
cover-imageBenzinga
February 28, 2025

Jamie Dimon Was A Believer In Smart Contract Cryptos Long Before JPMorgan Hit The Buy Button On Ethereum ETFs: Here's What The CEO Said

Jamie Dimon, the CEO of banking heavyweight JPMorgan, has acknowledged the importance of smart contracts-based cryptocurrencies, in stark contrast to his views on Bitcoin (CRYPTO: BTC). What happened: During a CNBC interview in January 2023, the CEO of the world's most valuable banking company stated that cryptocurrencies with embedded smart contracts possess value.

Negative
cover-imageThe Currency Analytics
February 28, 2025

Ethereum Spot ETF Outflows Surge as Price Nears Yearly Low

Ethereum (ETH) has experienced significant volatility recently, driven by various factors, including macroeconomic pressures and changing market sentiment. At press time, ETH is trading at $2,347, a low not seen since November 2024, as it faces increased outflows from spot ETFs and a bearish market sentiment.

Positive
cover-imageBitcoin
February 28, 2025

Ethereum Foundation Allocates $2M to Boost Academic Blockchain Research

The Ethereum Foundation has announced $2 million in grants for Ethereum-related academic research, with proposals due by March 16, 2025. Ethereum Foundation Launches Third Annual Academic Grants Round The Ethereum Foundation is offering $2 million in grants to support academic research related to Ethereum, with applications accepted until 23:59 AoE on March 16, 2025.

Negative
cover-imageBenzinga
February 27, 2025

Bitcoin, Ethereum, XRP, Dogecoin Struggle In Weak Market: 'I Don't Think That The Cycle Is Over,' Trader Says

Cryptocurrency markets are struggling on Thursday as the market-wide downturn continues. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $83,057.97 -0.2% Ethereum (CRYPTO: ETH) $2,268.27 -1.2% Solana (CRYPTO: SOL) $134.86 +2.7% XRP (CRYPTO: XRP) $2.15 -1.3% Dogecoin (CRYPTO: DOGE) $0.2030 +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001430 +2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 6.6% and daily active addresses falling by 0.7%.

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