Ethereum Market Cap Declines to $3.31 Trillion Amid Liquidation
The total crypto market cap stands at $3.31 trillion, with liquidations reaching $860 million. Ethereum has fallen nearly 7%, testing the $3,000 support level.
Ethereum Foundation Sells 100 ETH
- The Ethereum Foundation sold another 100 ETH for 307,893 DAI.
- Total ETH sold in 2025 reaches 300 ETH for 980,388 DAI.
- The average selling price of the recent batch is $3,078.93.
- Current ETH price dropped by 7.33% today.
Declining Transaction Volumes
- Large transactions on the Ethereum network decreased from 12.36K to 4.8K, a 61.17% drop.
- Transaction volume fell from 3.43 million ETH tokens to 1.05 million ETH tokens, nearly a 70% decline.
- This suggests reduced demand for Ethereum, potentially pushing its value below $3,000.
Price Analysis and Outlook
- ETH failed to maintain levels near $3,300, forming three bearish candles that indicate a potential extended crash.
- A pullback may retest the previous low near $3,145, with a possible minor bullish reversal indicated.
- If the ETH price breaks above $3,200, it could rise towards $3,358 or $3,475; otherwise, it may test the swing low at $2,913.