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Vignesh S G
Vignesh S G
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- Mar 29, 2025 11:28 UTC
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Ethereum Price Drops 20% as Market Experts Warn of $1000 Risk!
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ETH $ 1,826.41 (0.80%) 
Ethereum has declined significantly in the past 30 days, dropping over 20%, and is currently below a key support level of $2,000.
Macro strategist Mike McGlone warns that Ethereum's decline could negatively impact the broader financial market.
Ethereum's trading volume has surged, suggesting continued strong investor interest, and experts maintain optimism.
Ethereum has taken a sharp hit over the past month, losing nearly 20.4% of its value. In just the last seven days, it has slipped another 2%, bringing its price down to $1,877.46. With this steady decline, concerns are growing – how low could Ethereum go?
Market strategist Mike McGlone has sparked debate by asking a bold question: Could Ethereum crash to $1,000? Some believe it’s possible, while others argue the worst may be over.
What’s really going on, and what could happen next? Let’s take a closer look.
Ethereum’s 30-Day Price Decline
At the start of the month, Ethereum was trading around $2,216.71. Since then, it has dropped by 15.48%. On March 2, it briefly reached $2,550.37, but now, it is trading nearly 26.59% below that peak.
Many traders expected Ethereum to find support at $1,900, but that level did not hold. With prices now at $1,877.46, investors are closely watching where Ethereum will go next.
Ethereum and the Stock Market Connection
McGlone has pointed out that Ethereum’s performance is linked to the broader financial market. If Ethereum continues to decline, it could impact other major markets, including the S&P 500.
The S&P 500 index has already dropped by 4.48% this month, while the Nasdaq 100 has fallen by nearly 5.59%. If Ethereum’s downward trend continues, other top cryptocurrencies could also see further losses.
Major Altcoins Also in Decline
Ethereum is not the only cryptocurrency struggling. Many top altcoins have also faced losses over the last 30 days:
- XRP is down 4.5%
- BNB has dropped 1.65%
- Solana has fallen 9.4%
- Dogecoin has slipped 16.7%
- Chainlink is down 10.6%
- Avalanche has lost 12.8%
Among them, Ethereum has seen the steepest decline, raising concerns about the overall crypto market.
McGlone has questioned whether Ethereum could fall to $1,000. Right now, Ethereum is trading about 6.52% below the important $2,000 support level. Many analysts believe that if Ethereum fails to move back above $2,000, a drop to $1,000 could become a real possibility.
Trading Volume Rises Despite Price Drop
Even with the price decline, Ethereum’s trading volume has jumped by 36.92%. The 24-hour trading volume now stands at $14.48 billion and even reached $19.03 billion at one point. This shows that investor interest in Ethereum remains strong despite the falling prices.
What’s Next for Ethereum?
Experts believe that Ethereum is currently in a profit-taking phase. Once this phase ends, they expect the market to recover and see stronger upward momentum.
Ethereum’s long-term potential remains solid, and some analysts believe it could benefit from growing adoption, including the recent launch of a bank-issued stablecoin. While the short-term outlook is uncertain, long-term investors remain optimistic about Ethereum’s future.
Markets rise, markets fall, but Ethereum always finds a way to stay at the center of the conversation.
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FAQs
Ethereum’s price is falling due to market-wide sell-offs, macroeconomic factors, and declining support levels, with broader financial markets also weakening.
Investors remain active despite the drop. While ETH has strong fundamentals, experts suggest waiting for market stabilization before making moves.
Yes 
No 
