Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, has experienced a decline of approximately 6.7% in the last 24 hours following Friday’s market crash. This shows more price resilience compared to many altcoins, which saw declines of over 95% in some cases.
The market crash triggered by US President Donald Trump’s tariff announcement caused ETH’s price to drop to around $3,510 on Friday, representing a more than 20% drop in just one day.
The price touched the 200-day exponential moving average (EMA), a dynamic support level, before bouncing back to over $3,800. The relative strength index (RSI) is currently at 35 and nearing oversold conditions, indicating a possible upward reversal.
The abrupt market downturn led to the liquidation of nearly 1.6 million crypto traders, as reported by Coinglass. In the aftermath, Sassal, a crypto investor, remarked:
“BTC and ETH did relatively well compared to the long-tail of alts, which experienced declines of 70% or more, with some even falling by 95% or more. I’m not typically one for conspiracies, but this clearly was not normal market behavior.”
Friday’s market crash marked the most severe crypto liquidation event in history, erasing up to $20 billion within 24 hours and shaking investor confidence amid fears of a prolonged trade war between the US and China.
Related: ETH sells off alongside Bitcoin, but Ether adoption pace still supports rally to $10K
ETH to $5,500 next or will incoming sell pressure suppress price?
ETH is down more than 22% from its all-time high of $4,957 achieved in August, based on data from TradingView.
Analysts from investment research firm Fundstrat project that ETH could surge to a new all-time high of $5,550 after bottoming out during Friday’s market downturn.
However, potential sell pressure could keep prices subdued. The Ethereum exchange inflow mean, a metric tracking the number of coins sent to exchanges for potential sale, reached 79 on Saturday, as reported by CryptoQuant.
This represents the highest level of ETH exchange inflows recorded in 2025. Elevated exchange inflow levels can indicate increased selling pressure, while lower exchange inflows suggest that investors are holding for the long term, creating a basis for price increases.
Withdrawals from Ethereum’s staking queue also reached a record $10 billion in October, potentially signaling sell pressure from validators exiting the queue. However, this does not necessarily imply they will sell, as analysts from market intelligence platform Nansen noted to Cointelegraph.
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