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ETHEREUM can see a radical decrease in prices to between 200 to 400 dollars if the encryption market enters a new bear, according to the Vice President of Blockchain at Yuga Labs.
On March 11 on X, resigned interrogation Optimistic price goals for Ethereum (Eth). While many see that $ 1500 as an ETH potential floor, it has warned that if only the recession begins, historical trends indicate that clouds by 80 to 90 % can push prices to between 200 to 400 dollars.
He also pointed out that the weekly Ethereum decreased by 30 % and a 50 % decrease in the past three months does not necessarily mean that the worst has ended, because real bear markets can erase a much larger value.
Despite this view, quit smoking remains personal, but it is recommended for investors review Their allocations if you are not ready for more negative aspect.
At the same time, Ethereum whales are already GPS For more possible price drops. On March 11, Lokonchain has reported an important treatment as a wallet linked to ETAREUM recently deposited 30,098 ETH (about $ 56.08 million) to Makerdao (MKR) To reduce the liquidation price. This portfolio now has 100,394 ETH ($ 182 million) on a maker, with a liquidation threshold of $ 1127.
In separate transaction, the transfer of the ICO ETAREUM 7000 ETH (about $ 12.94 million) to Kraken, indicating possible sale pressure.
Ethereum is struggling for several reasons, such as the fall of the network activityLow institutional demand, and the increased competition from Blockchains is cheaper and faster. ETHEREUM ETHEREUM funds in Ethereum Ethereum witnessed net flows of about $ 119 million last week alone, according to Sosovalue Data.
Some analysts have noticed that Spot ETH will seem less attractive than decentralized financing yields by 4.5 % interest Incentives.
Meanwhile, ETHEREUM dominance in Defi and Defeerual Future trading on the threat of the Ecological System 2 and increasing competition from platforms like HyperlelibNoise) And spices (He – she), Which got billions in the total closed value.
As a result of the decrease in the network activity and the low gas prices, the ETH also failed to retain its shrinkage, with the growth growth now at an annual rate of 0.7 %. Although it was aimed at reducing inflation, the EIP-1559 burning mechanism has struggled to compensate for the new version.
It is not clear whether ETH will soon be able to recover its previous support of 2600 dollars in the absence of the ETF trade and the demand for Defi. As of the time of the press, ETHEREUM is traded at about $ 1850, with $ 246 million in the past 24 hours, according to Codinglass Data.
