Ether (ETH), the native cryptocurrency of Ethereum’s Layer 1 blockchain network, is down about 6.7% in the past 24 hours following Friday’s market crash, showing greater price resilience than many altcoins, which have fallen more than 95% in some cases.
The market crash triggered by U.S. President Donald Trump’s tariff announcement sent the ETH price to a low of around $3,510 on Friday, down more than 20% in one day.
The price hit the 200-day exponential moving average (EMA), a active support level, before rebounding to over $3,800. The Relative Strength Index (RSI) is also at 35, approaching oversold conditions, signaling a potential reversal in the uptrend.
According to them, the sudden market downturn led to the liquidation of almost 1.6 million cryptocurrency traders Coin. After the market carnage, Sassal, a cryptocurrency investor, he said: :
“BTC and ETH performed relatively well compared to the long tail alts, which dropped 70% or more, with some down as much as 95% or more. I’m not usually interested in conspiracies, but this clearly wasn’t normal market behavior.”
Friday’s market crash was the most severe cryptocurrency liquidation event in history, causing the loss of up to $20 billion in 24 hours and shaking investor confidence in markets as traders were gripped by fear of a prolonged trade war between the U.S. and China.
Related: ETH is selling off along with Bitcoin, but Ether adoption rate still supports growth to 10k. dollars
ETH to $5,500 next, will inbound selling pressure drive price lower?
According to TradingView data, ETH is down more than 22% from the record high of $4,957 reached in August.
Analysts at research firm Fundstrat forecast that ETH could surge to a up-to-date record high of $5,550 after hitting a low during Friday’s market downturn.
However, potential selling pressure could keep prices down. The average inflow to the Ethereum exchange, a metric that tracks the number of coins sent to exchanges for possible sale, reached 79 on Saturday, according to Ethereum data. CryptoQuant.
This marks the highest level of ETH exchange inflows recorded in 2025. Higher levels of exchange inflows may indicate increased selling pressure, while reduced currency inflows signal that investors are holding on for the long term, creating a basis for price increases.
Withdrawals from the Ethereum staking queue also hit a record $10 billion in October, which could signal potential selling pressure from validators leaving the queue but doesn’t necessarily mean they will sell, analysts at market intelligence platform Nansen told Cointelegraph.
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