Altcoin
Will Ethereum Price Crash Below $1,500 Before Market Rebound
Ethereum price action is currently at a critical juncture, with MVRV pricing bands signaling key support at $1,440 amid growing bearish pressure. Market indicators suggest weakening strength, while large whale transactions to exchanges raise concerns about increased selling pressure. Therefore, the coming days will be crucial in determining whether ETH can recover or extend its downtrend below $1500.
Ethereum Price Testing Key Levels
Notably, the Market Value to Realized Value (MVRV) pricing bands indicate Ethereum has reached essential price thresholds. Analyst Ali Martinez has determined the Realized Price to be $2,060 at present. The next significant support point for Ethereum price exists at $1,440 when its price fails to stay above the Realized Value threshold of $2,060.
According to MVRV pricing bands, Ethereum price shows reduced market strength while existing closer to its lower boundary deviation point. These bands indicate the price levels the top altcoin must surpass to trigger a market recovery or extend its downward trend.
More so, recent analysis suggests that the upcoming Blood Moon Lunar Eclipse could play a role in Ethereum’s price action, potentially triggering heightened volatility. While some analysts predict a bullish reversal due to historical lunar cycle trends, others warn of another wave of panic selling. With Ethereum already in oversold territory, the market’s reaction to this event could be a decisive moment
Amber Group’s ETH Transfers
Additionally, in recent hours, the crypto trading platform Amber Group moved a substantial amount of 20,000 ETH worth $37.34 million to Binance, OKX and Gate.io. Such large Ethereum moves have sparked doubts about the companies’ intentions for moving ETH to exchanges during market decline. Such whale transactions into top exchanges normally attract attention and could increase selling pressure.
Amber Group deposited 20,000 $ETH($37.34M) to #Binance, #OKX and #Gateio ~40 mins ago.https://t.co/GMZTZP3SjZ pic.twitter.com/CzUOZj9CrF
— Lookonchain (@lookonchain) March 11, 2025
Market activity shows strong signals from the large movement of ETH. The rising availability of ETH on exchanges during trading periods causes market prices to decrease.
Ethereum Price Action And Predictions
However, despite the bearish outlook, the top altcoin has formed a bullish diamond pattern that signals a potential breakout. This technical setup suggests that the asset is approaching a pivotal moment, where a surge could follow if resistance levels are breached. If buyers gain control, Ethereum may see accelerated upward momentum in the coming sessions.
Similarly, a recent ETH price prediction projected that the altcoin would fall further below $1,500, possibly reaching $1,250 if key support levels continue to break. Crypto analyst Ali Martinez noted that Ethereum is slipping out of a parallel channel, a technical pattern often associated with bearish price action.
Despite the bearish sentiments, ETH price has shown resilience, rising from $1,814.5 to $1,915.13 in the last 24 hours. This 6% increase reflects renewed buying pressure, despite a significant drop in trading volume.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The crypto market has rebounded strongly from its recent turmoil, reaching a value of $2.65 trillion with a 1.30% increase. In tandem with this trend, Dogecoin’s price has surged by almost 2% over the past day. Analysts remain optimistic about DOGE’s potential for a bullish rally, further fueling the current upward momentum.
Will Dogecoin Price Reach $5?
In a recent X post, market analyst CryptoELITES shared a bullish forecast for Dogecoin price. The analyst predicted that DOGE will reach $5 in the near future. To strengthen their analysis, CryptoELITES presented a historical chart that signals Dogecoin price’s target of $5.
Meanwhile, Trader Tardigrade has identified the formation of a 5-wave Descending Broadening Wedge on the 4-hour chart, indicating an impending breakout. Following a confirmed RSI bullish divergence, Dogecoin ($DOGE) rebounded to test the descending resistance line of the wedge. According to the analyst’s predictions, Dogecoin could reach $0.1780.
Increased Whale Activity and ETF Frenzy Spark Bullish Resurgence
During the last crypto market correction, Dogecoin dipped by nearly 20% falling from $0.22 to $0.17. However, large Dogecoin investors or whales have utilized the opportunity to amass 1.7 billion DOGE worth $298 million in just 72 hours.
Reflecting on this increased whale activity, analyst Lumen projected Dogecoin price’s surge to $0.5. He added that the target is possible if DOGE surges past $0.2 before the ETF approval.
Interestingly, crypto expert DOGECAPITAL posited that the Dogecoin price could reach an ambitious point of $90 by the end of 2025.
In a recent development, the US Securities and Exchange Commission (SEC) has reportedly delayed its decision on approving ETFs for Dogecoin (DOGE), XRP, Solana, and Litecoin, despite growing anticipation. However, ETF Store President Nate Geraci remains optimistic, asserting that the ETFs will ultimately be approved.
Why $2 is a Pivotal Target for Dogecoin Price?
Notably, $2 has been a pivotal target for the Dogecoin price. Many crypto experts have predicted DOGE’s potential rally targeting around $2. For instance, Dogecoin co-founder Billy Markus projected Dogecoin price’s possible surge to $2.3, marking a staggering 500% uptick.
Similarly, analyst Javon Marks underscored DOGE’s potential to hit $2.3, citing historical patterns. According to Changelly, DOGE will reach the projected $2.3 by July 2032.
As of press time, DOGE is valued at $0.1614, with an uptick of 3.64% over the past 24 hours. Despite the daily surge, Dogecoin price saw massive declines of 17% and 34% over the past week and month, respectively.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The latest update from cryptocurrency exchange Binance nabbed substantial investor attention globally. An update from the platform on Wednesday revealed that users are poised to witness five new spot listings shortly ahead. A stockpile of other new trade services for the same will follow. In turn, market participants weigh considerable optimism on the assets’ future price movements amid enhanced market support.
Binance Reveals Spot Listings For 5 New Crypto Pairs
In an official release dated March 12, Binance revealed that it will open trading for the following pairs starting March 13 at 08:00 UTC.
- CVC/USDC
- EURI/USDC
- SYN/USDC
- USDC/RON
- VELODROME/USDC
What’s More?
Further, the top crypto exchange will also commence trading bot services for the abovementioned pairs on the same date and time. In particular, users are to enjoy ‘Spot Algo Orders’ services on these pairs.
As a response, market participants anticipate rising trading volumes in these assets amid enhanced market offerings that attract investors. This saga could potentially bolster price actions despite the recent broader market turmoil.
Why Did Binance Reveal These Listings?
Notably, the exchange’s announcement added that this decision is to expand the list of trading choices offered to users. With this, the crypto exchange behemoth continues to cement its global ranking, offering users top-notch trading opportunities.
However, the announcement also revealed that users in the following regions cannot trade these pairs:
- Canada
- Cuba
- Crimea Region
- Iran
- Netherlands
- North Korea
- Syria
- United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands)
- Any non-government-controlled areas of Ukraine.
“RON is fiat currency and does not represent any other digital currencies,” Binance added.
Can These Crypto Rally?
For context, usual market sentiments about prices remain highly positive amid new spot listings on crypto exchange giants. Primarily due to the platform’s colossal user base, market watchers anticipate a huge money influx in tokens in light of the enhanced trade offerings.
However, it’s also worth taking into account the broader crypto market turmoil with investors’ cautious approach. Notably, the crypto sector faces immense pressure amid rising U.S. recession fears and Trump’s tariff chronicles. Nevertheless, traders and investors continue to eye Binance’s updates, expecting gains in the wake of rising market exposure.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In a groundbreaking revelation, 21Shares announced a significant reduction in the management fees for its Bitcoin Ethereum Core ETP (ABBA). In addition, the ETP provider listed ABBA on the Xetra exchange, effective March 12, 2025, aiming to make crypto investments more affordable and accessible.
Notably, 21Shares’ ABBA offers investors a cost-effective way to invest in both Bitcoin and Ethereum, with the added security of being fully backed by these two leading cryptocurrencies. Let’s now unveil how the latest development will provide advanced investment opportunities in Bitcoin and Ethereum.
21Shares Lowers ABBA’s Management Fees and Lists on Xetra
According to a press release, 21Shares, one of the world’s largest ETP providers, announced the reduction of management fees for its Bitcoin and Ethereum Core ETP (ABBA) to 0.49%.
Significantly, the fee reduction coincides with the listing of ABBA on the Xetra exchange, which took effect on March 12, 2025. Backed by BTC and ETH, the 21Shares ABBA has become an even more compelling investment option with its reduced management fee of 0.49%. It offers investors a convenient and cost-effective way to tap into both leading cryptocurrencies.
ABBA’s Xetra Listing: 21Shares’ European Expansion
Interestingly, 21Shares is envisioning the expansion of ABBA’s availability. Thus, the ETP provider has listed ABBA on Xetra, Deutsche Börse’s leading trading platform for exchange-traded products, expanding its availability. Commenting on the development, Mandy Chiu, Head of Financial Product Development at 21Shares, stated, “We are committed to continuously improving our product offerings to meet the evolving needs of our growing pool of investors worldwide.”
The listing of ABBA on Xetra is a strategic step in 21Shares’ expansion plans, aiming to enhance liquidity, accessibility, and transparency for European investors. Thus, the development ultimately solidifies the company’s presence in the region. Chiu further stated,
At 21Shares, our mission is to provide investors with the most efficient and innovative crypto investment products. Reducing the fees on ABBA and bringing it to Xetra are important steps in making Bitcoin and Ethereum more accessible through a trusted and regulated investment vehicle.
This move follows the US Securities and Exchange Commission’s (SEC) decision to postpone the approval of several ETFs, including 21Shares’.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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