With a steep 36% drop since the beginning of 2025, Ethereum is headed for its worst Q1 performance as the price approaches $2,000 levels.
The altcoins have had a severe drop following rejection at $2,500, even if Ethereum has managed to get a place in the US strategic reserves for cryptocurrency assets. The price of ETH is currently challenging a significant support level near $2,000, increasing its losses for the year to almost 36%. According to market analysts, ETH is expected to have its worst-ever first quarter.
Ethereum on way to record its worst performing Q1
Over the past 72 hours, Ethereum (ETH), the biggest cryptocurrency in the world, has seen a traditional pump and dump. According to Coinglass statistics, the price of Ethereum has dropped more than 14% in the last day at the time of writing. Open interest has plummeted more than 10.8% to $18.8 billion, while 24-hour liquidations have surged to $209 million.
ETH is headed for its worst first-quarter performance, down more than 36% from its year-opening price of $3,300. According to the analyst venturefounder, a decrease to $1,600 would make this quarter the worst in Ethereum’s history, exceeding the decline that occurred in Q1 2018 at the high of the previous cycle.
After shorting Ethereum, it appears that a shrewd whale has been making enormous profits. As the price of Ethereum (ETH) keeps falling, a prominent whale investor who took a 50x leveraged short position is currently sitting on an unrealized profit of almost $81 million.
Shares of Ethereum ETFs hit record lows
There have been significant withdrawals from US Ethereum ETFs within the last eight sessions. The largest hit came to BlackRock’s iShares Ethereum Trust (ETHA), which had outflows totaling more than $164 million since February 24.
Furthermore, since the start of 2025, the price of ETHA shares has plummeted by about 38.59%, plunging all the way to $16.09. Since ETH lost all of its gains following the US election, institutional interest in the cryptocurrency appears to have totally vanished. According to well-known economist Peter Schiff:
“Despite Trump’s Truth Social Sunday Ethereum pump, the Ethereum ETFs closed at record lows today. They are now down 40% since they first launched about eight months ago, and 49% below their Dec. 2023 highs. The worst part for investors is that ETH still has a long way to fall”.
ETH price – Buy the dip opportunity?
According to market analysts, Ethereum offers investors a buy-the-opportunity despite its recent decline to $2,000. “Too big of a red candle not to buy,” said market expert IncomeSharks, referring to today’s 14% ETH price drop. The trader acknowledged buying a little bit of Ethereum to their portfolio during the downturn, but they noted taking a careful approach.
Venturefounder, a cryptocurrency market analyst, has expressed caution about Ethereum (ETH), predicting short-term bearish trend. The expert did stress that now may be a good time for anyone who are still optimistic about Ethereum in the long run to begin buying. The expert stated, “We are going into the undervaluation zone.”
Could Solana price impossibly crash below $100 amid FTX’s $430M unlock?
The price of Solana went into another downward trend due to the general market volatility and FTX’s $431.3M SOL unlock. Will there be a $100 crash soon?
The price of Solana (SOL) has been volatile since the year began. It first reached a new all-time high before plunging 53% during a wider market slump and is currently having difficulty recovering. Even though there was a notable recovery yesterday, the trend shifted once more, resulting in further danger and a further decline. The token is getting closer to another crash as FTX/Alameda unstacks millions of SOL. Will it go below $100? Let’s talk about this.
Solana price crash: What’s happening today?
The whole cryptocurrency market, including the price of Solana, is collapsing today, marking yet another tumultuous day. It has dropped 19% during the past day and is now trading at $128.14. Following the 19% and 24% declines, its market capitalization and trading volume are $70.16B and $9.56B, respectively.
It’s interesting to note that this decline results from the imposition of tariffs on Canada and Mexico. The most concerning aspect, though, is that this decline followed a remarkable surge in SOL prices, which was stoked by Donald Trump’s announcement of the U.S. Strategic Crypto Reserve.
With the FTX and Alameda unstacking 3.03M SOL, or $431.3M, the SOL price plummeted at a time when investors were expecting a further gain, maybe as high as $200.
FTX unstake event and its impact on SOL
The market is seeing millions of token unlocks, which is influencing their price, as the cryptocurrency exchange starts dispersing the money of investors who were impacted by the FTX meltdown. 3.03M SOL ($431.3M) was recently unstaked by the company and sent to other cryptocurrency wallets.
The asset has already been liquidated with 24,799 SOL ($3.38M) transferred to the Binance market. More significantly, the market will be frightened by the several comparable unlocks that will occur in April and the next month.
Of the 3.03M $SOL($431.3M) unstaked by FTX/Alameda today, 24,799 $SOL($3.38M) has been deposited to #Binance.https://t.co/D4j4l4yNuFhttps://t.co/uLkjQFwVId pic.twitter.com/ig2Jl2CcXl
— Lookonchain (@lookonchain) March 4, 2025
This is due to the fact that big token unlocks frequently affect investor mood and result in price swings. Given the current strain on the cryptocurrency market, investors are concerned that Solana would plummet below $100.
Why wouldn’t Solana price crash below $100?
Due to a number of reasons, including token unlocks, a decline in network performance, investor mood, and general market circumstances, the SOL token’s performance currently exhibits high levels of volatility. Despite the odds, the price of Solana might not plummet to $100 given the market’s mood and SOL’s recent surge.
High trading volume and open interest indicated strong investor interest in this cryptocurrency, which rose to $177.88 yesterday. This explains why the token may rebound even in unfavorable market circumstances.
A $100 crash is improbable even if the SOL is about to undergo a big liquidation. If the SOL price plummets below $127, $300M will liquidate, using the Coinglass statistics. This might initially cause a decline below $120, but there’s a chance for a rise, so a decline below $100 is improbable.
Last but not least, the March price rebound of Bitcoin may stop this cryptocurrency from declining any further. According to historical statistics, Bitcoin has been bullish this month for the past four years. This year, it may do the same, helping the altcoins rebound.
A significant adjustment, but no collapse
Solana’s position in the cryptocurrency market is significant despite the fluctuations. Even though the price is under a lot of downward pressure due to the FTX’s $431.3M unlock, the current research finds support at $120.
As a result, it is unlikely that the SOL price would plummet to $100, but liquidation data may cause it to drop to $120. To better understand Solana price forecasts, investors need to take into account the liquidation level, whale data, and Bitcoin’s price trend.
Bitwise’s Dogecoin ETF faces SEC review after NYSE Arca’s 19b-4 filing
In order to list and trade a Dogecoin (DOGE) exchange-traded fund (ETF) from Bitwise, NYSE Arca filed a 19b-4 filing with the US Securities and Exchange Commission (SEC).
The filing states that Coinbase Custody will serve as the custodian, and the Bank of New York Mellon (BNY Mellon) will oversee the administration, record-keeping, and cash holdings.
NYSE files 19-b4 for Bitwise Dogecoin ETF
Bitwise submitted an S-1 with the SEC more than a month prior to the Dogecoin ETF’s 19b-4 filing.
“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or “’34 Act”) and Rule 19b-4 thereunder, NYSE Arca, Inc.(“NYSE Arca” or “Exchange”), proposes to list and trade shares of the Bitwise Dogecoin ETF (the “Trust”) under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares),” the filing read.
According to the 19-b, the proposed ETF would use the CF Dogecoin-Dollar Settlement Price, a common price benchmark, to calculate its Net Asset Value (NAV) every day and hold Dogecoin as its primary asset. This implies that the value of the ETF will closely mirror Dogecoin’s market price.
In addition to Bitwise, Rex Shares and Grayscale have also applied for a DOGE ETF. The SEC has already accepted Grayscale’s submission, indicating that the Dogecoin ETF proposal is farther advanced in the regulatory process.
In the meanwhile, market expectations are growing more hopeful about the adoption of a Dogecoin ETF in 2025. According to the most recent statistics from the prediction platform Polymarket, the likelihood of approval increased significantly from 55% to 67% in only one day.
Bloomberg analysts, who have projected a 75% likelihood of approval this year, further support this rising optimism. The increasing probabilities indicate that investor sentiment is moving in favor of a regulated Dogecoin ETF joining the market this year, even if approval is by no means assured.
Dogecoin, a cryptocurrency that was first introduced as a joke in 2013 but has since grown to become the most popular meme coin with a market valuation of over $28 billion, has reached a critical milestone with this development.
Even with the increasing confidence, DOGE’s price has been significantly impacted by the macroeconomic environment as a whole.
Check Out the Latest Prices, Charts, and Data of DOGE/USDT
The meme currency was down 15.79% in the last day, trading at $0.19 at the time of writing. Despite the ETF story, trading volume has also suffered, down 16.80%, indicating less market activity.
