Ethereum Crash Deepens: Can the $3K Line Hold or Will It Break Next?
The crypto market has plummeted, with Ethereum experiencing a sharp decline of over 13% in a single day, falling from $3,600 to near $3,100 and breaching key support levels, signaling a bearish trend. Bitcoin's drop below $100K triggered widespread liquidations, causing major cryptocurrencies like Solana, Cardano, and BNB to tumble as well. The entire market capitalization has fallen below $3.6 trillion. Ethereum's immediate support levels are $3,000, $2,730, and $2,400, with potential rebounds only if Bitcoin stabilizes. However, market sentiment remains bearish, and recovery is uncertain without Bitcoin reclaiming $106K or Ethereum surpassing $3,500.
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Crypto Market in Freefall
The crypto market is in freefall, and Ethereum is one of the hardest-hit cryptocurrencies. Following Bitcoin’s sharp decline under $100K, $ETH plunged over 13% in a single day, wiping out weeks of gains and reigniting fears of a deeper bear trend.
Ethereum Price Crash Toward $3,000
Ethereum crashed from around $3,600 to nearly $3,100, breaking several key support zones. The 200-day SMA at $3,370 has been breached, confirming a bearish trend continuation.
- RSI has dropped to 43, indicating rising selling pressure but not yet fully oversold.
- MACD remains in negative territory, with widening divergence — a clear sign that momentum is still heavily bearish.
Bitcoin Crash Triggered the Avalanche
Bitcoin’s breakdown below $100K acted as a domino effect across all markets.
Major altcoins such as Ethereum, BNB, Solana, Cardano, and Dogecoin saw steep declines as liquidations exceeded $100 billion in 24-hour trading volume across top exchanges.
- Solana dropped 23%
- Cardano lost 21%
- BNB tumbled nearly 10%
The entire crypto market capitalization has now fallen below $3.6 trillion.
Ethereum Price Prediction: Key Levels to Watch
If Ethereum fails to hold above the $3,000 mark, the next strong supports lie at $2,730 and $2,400. A rebound may occur if BTC finds stability near $100K, potentially sending ETH back toward $3,500.
However, sentiment remains extremely bearish, and any short-term rally could face resistance near the $3,370–$3,800 range.
Will Ethereum Price Recover?
Both $Bitcoin and $Ethereum have entered dangerous territory. While the RSI readings suggest short-term exhaustion among sellers, macro factors — including liquidations, investor fear, and risk-off sentiment — continue to weigh on the market.
Until $BTC reclaims $106K or $ETH climbs above $3,500, the crypto correction is far from over.