The post Why ETH May Drop Below $3,000 in February 2025 appeared on BitcoinEthereumNews.com.

Ethereum price plunged below $3,150 on Saturday Feb 1 as crypto markets retreated after a volatile week, on-chain data trends suggest declining whale demand for ETH could exacerbate the market dip in the days ahead.  Ethereum Price Struggling to Hold $3,100 Amid Market Retreat Ethereum (ETH) faced a sharp downturn on Saturday, mirroring a broader market decline that erased gains seen earlier in the week. ETH fell approximately 6% to trade below the crucial $3,150 mark, as risk-off sentiment spread across digital asset markets. The decline in ETH price follows a volatile week, where macroeconomic factors such as Federal Reserve policy expectations and mixed economic data influenced investor sentiment. The broader cryptocurrency market also saw major losses, with Bitcoin dropping below $102,000 and other leading altcoins facing similar sell-offs. Ethereum Price (ETHUSD) Ethereum, which had shown resilience earlier in the week by reclaiming the $3,300 level, ultimately failed to sustain its momentum amid increased selling pressure. MoemntEthereum’s technical indicators suggest that the $3,100 level is a critical support zone. If this threshold is breached decisively, ETH could see further declines toward the psychological $3,000 level, where buyers may look to step in. Ethereum Whale Demand Plunges by 22% as Network Updates Disrupt Market The decline in Ethereum’s price has coincided with a significant drop in whale activity. Large transactions, often used as a proxy for institutional and high-net-worth investor participation, have fallen sharply Ethereum Price vs. ETH Whale Transaction Count | Source: Santiment in January. Ethereum whale transaction counts peaked at 1,741 during the month, marking a 22% decline from December’s peak of 2,245. More concerning, the figure continued to slide toward 1,571 by January 31, according to on-chain data. This trend suggests that major investors may be reassessing their exposure to ETH, particularly in light of recent discussions surrounding…

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Filed under: News - @ February 2, 2025 2:20 am