Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, has decreased by approximately 6.7% over the past 24 hours, following Friday’s market crash. This shows a stronger price resilience compared to many altcoins, which plummeted by more than 95% in some instances.
The market crash, triggered by US President Donald Trump’s tariff announcement, caused ETH’s price to drop to around $3,510 on Friday, marking a decline of over 20% in just one day.
Price hit the 200-day exponential moving average (EMA), a key support level, before bouncing back above $3,800. The relative strength index (RSI) is currently at 35, approaching oversold territory, indicating a possible upward reversal.
The abrupt market downturn resulted in the liquidation of nearly 1.6 million crypto traders, as reported by Coinglass. In the aftermath, Sassal, a crypto investor, remarked:
“BTC and ETH performed relatively well compared to the extensive range of altcoins, which dropped 70% or more, with some even falling 95% or more. I’m not generally into conspiracies, but this clearly wasn’t typical market behavior.”
Friday’s market crash represented the most severe liquidation event in crypto history, erasing up to $20 billion in 24 hours, and undermining investor confidence as fears of a prolonged trade war between the US and China gripped traders.
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ETH to $5,500 next, or will incoming sell pressure hold prices down?
ETH is down over 22% from its all-time high of $4,957 reached in August, based on data from TradingView.
Analysts from investment research firm Fundstrat predict ETH could soar to a new all-time high of $5,550 after bottoming out during Friday’s market slump.
However, potential selling pressure could restrain price increases. The Ethereum exchange inflow mean, a metric tracking the number of coins sent to exchanges for potential selling, reached 79 on Saturday, according to CryptoQuant.
This is the highest level of ETH exchange inflows recorded in 2025. Increased exchange inflow levels can indicate higher selling pressure, while decreased inflows suggest that investors are holding for the long term, forming a base for price growth.
Withdrawals from Ethereum’s staking queue also reached a record $10 billion in October, which could indicate potential sell pressure from validators leaving the queue, though this does not necessarily imply they will sell, analysts from market intelligence platform Nansen highlighted to Cointelegraph.
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