Ethereum (ETH), the native cryptocurrency of the Ethereum layer-one blockchain, has fallen by approximately 6.7% over the past 24 hours, following the market crash on Friday, showing greater price resilience than many altcoins, which have collapsed by more than 95% in some cases.
The market crash caused by US President Donald Trump’s tariff announcement sent the price of ETH falling to a low of around $3,510 on Friday, a drop of more than 20% in a single day.
The price reached the 200-day Exponential Moving Average (EMA), a dynamic support level, before bouncing back to over $3,800. The Relative Strength Index (RSI) is also at 35, approaching oversold conditions, indicating a potential reversal to the upside.
The sudden market downturn led to the liquidation of approximately 1.6 million cryptocurrency traders, according to Quinglass. After the market massacre, Sasal, a cryptocurrency investor, He said:
“Bitcoin and Ethereum performed relatively well compared to long-term altcoins, which had nuclear gains of 70% or more, and some even dropped by 95% or more. I’m not usually one for conspiracies, but this was clearly not normal market behavior.”
Friday’s market crash marked the most serious cryptocurrency liquidation event in history, wiping out as much as $20 billion in 24 hours and shaking investor confidence in the markets, as fears of a prolonged trade war between the United States and China gripped traders.
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Ethereum has fallen more than 22% from its all-time high of $4,957 reached in August, according to data from TradingView.
Analysts from investment research firm Fundstrat expect ETH to rise to a new all-time high of $5,550 after bottoming out in Friday’s market pullback.
However, potential selling pressure may keep prices low. The average Ethereum exchange flow, a metric that tracks the number of coins sent to exchanges for potential sale, reached 79 on Saturday, according to Cryptoquant.
This represents the highest level of Ethereum exchange inflows on record in 2025. High exchange inflow levels can mean increasing selling pressure, while lower exchange inflows indicate investors are holding for the long term, creating a basis for price increases.
Ethereum staking queue withdrawals also hit a record $10 billion in October, which may indicate potential selling pressure from validators exiting the queue, but does not necessarily mean they will sell, analysts from market intelligence platform Nansen told Cointelegraph.
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