The post Ethereum Faces Bearish Sentiment as Price Approaches FTX Collapse Lows Amid Weakening Fundamentals appeared on BitcoinEthereumNews.com.

Matrixport released a comprehensive analysis on March 31st, highlighting a concerning trend for Ethereum. Following its peak at $3668 on January 7, 2025, Ethereum’s value has notably declined by 50%. The decrease correlates with a marked reduction in on-chain activity across the Ethereum ecosystem, signaling weakening fundamentals and persistently low demand for ETH. This environment has fostered a bearish market sentiment among investors. In anticipation of upcoming risk events, the derivatives market is now reflecting an increased anticipation of volatility, with a 10% price fluctuation projected for the coming week. Furthermore, Ethereum’s current price trajectory is nearing the lows witnessed during the FTX collapse, which raises concerns among market participants. Additionally, FTX is set to initiate repayments to key creditors starting May 30, 2025, potentially influencing market dynamics further. Source: https://en.coinotag.com/breakingnews/ethereum-faces-bearish-sentiment-as-price-approaches-ftx-collapse-lows-amid-weakening-fundamentals/

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Filed under: News - @ March 31, 2025 9:26 am