Ethereum (ETH) crashed alongside all crypto assets, and this correction seems to be the worst one-day return in history. Barring a few trading anomalies, where ETH price dipped to almost zero, this correction arrived fast and erased most of the recent gains for ETH.
Ethereum Returned to December 2019 Prices After One-Day Crash
ETH has been inherently more volatile throughout its trading history, and even raised expectations of correcting deeper. But at the start of 2020, Ethereum became one of the best-performing altcoins.
The recent crash, however, cut this optimism short, after traders exited out in droves and caused huge network congestion.
Not to be outdone, it's Ethereum's worst ever day as a financial asset, by a significant margin (-43% with the runner up being -27%). pic.twitter.com/OS2Urcq2Jc
— nic carter (@nic__carter) March 13, 2020
The crash erased more than 45% off the Ethereum price since last week, sending the coin down to $127.23. The sell-off boosted volumes to $30 billion, a peak-level activity for ETH. The slide of Ethereum also had repercussions for the entire crypto ecosystem, causing liquidations in DeFi collateralized lending schemes.
The liquidations were exacerbated by a double bind of quickly slipping Ethereum market prices, as well as a heavily congested network.
I say it reluctantly but the real problem yesterday was @ethereum, the congested network and the skyrocketing fees blocked all the decentralized mechanisms of the #DeFi. We are still far from having a solution that can be used effectively on a large scale.
— Simone Conti | simoneconti.eth (@simoneconti_) March 13, 2020
DeFi Market Wrecked by Liquidations, ETH Collaterals Seized by Bots
The sell-off did not entirely crash the collateralized lending sector, though it did send the market into shock. Maker (MKR) sank by more than 39% overnight, and more than 53% in the past week, sinking to $259.58.
The specifics of the DAI trading space also allowed an exploit by a knowledgeable trader, where the price crash led to zero-price auctions won by a fast enough participant.
Holy crap is this real? All the DAI vaults got liquidated and no one bid on the auction so someone walked away with literally millions of dollars worth of ETH after bidding $0 for the liquidated vaults? DumpstEr FIre #defi
— Richard Holland (@codetsunami) March 13, 2020
The so-called collateral vaults were liquidated and taken over, based on the rules of Maker. This opened a 3.5 hour window, in which a single player had the limited right to buy up vaults that triggered liquidations.
A bot was capable of bidding zero prices for the vaults, and won the auctions, while others did not have the chance, in part due to Ethereum network congestion. The current crash was spectacular in its speed, happening within a 24-hour window and based on panic across both traditional and crypto markets. But ETH has also fallen on a larger time scale, moving down from a peak above $300 in the summer of 2019.
The latest liquidations and losses show that the ETH market slide is not the only negative development. Currently, the Ethereum network congestion has abated somewhat, leading to $0.15 gas prices for the fastest transactions.
What do you think about the latest record ETH crash? Share your thoughts in the comments section below!
Images via Shutterstock, Twitter @codetsunami @simoneconti_ @nic__carter origin »
The ETH trajectory is eyeing targets below the $2,000 mark. This Ethereum price level might attract increased trading activity as traders will capitalize on the lower entry points. February has been ruthless for the crypto market, and ETH has suffered from a massive $1.
Ethereum price remains in a bear market this year as the second-biggest cryptocurrency lacks a clear catalyst. The ETH coin was trading at the extreme oversold level of the Murrey Mathe Lines at $2,220, down by almost 50% from its highest level in December last year. So, is it safe to buy the ETH dip? […]
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Ethereum surpassed 3. 2 MVRV Pricing Band and could break the resistance and reach its peak.
BlackRock holds over 1. 2M ETH, Fidelity’s FETH 432K ETH and Bitwise’s ETHW holds 105K ETH.
PeThe post Ethereum at $3.
Ethereum (ETH) still sees the market vibrant with movement, underscored by whales making serious investments in the digital asset over the last 48 hours. A heavy hitter, World Liberty Financial, recently plunked down $20 million for 3,001 ETH and 95 Wrapped Bitcoin (WBTC), in addition to its already sizable stash. Over the past five days, [...]
ETH has surged over the past 24 hours by 5.41%.
Although Ethereum is under pressure, the altcoin could recover in the short term before another decline.
Over the past three weeks, EtThe post Ethereum: Short-term recovery ahead for ETH if THIS happens appeared first on AMBCrypto.
The blockchain market is a ground for surprises. With the transformation of the cryptocurrency market, there is a great interest in altcoins that could outcompete the likes of Solana(SOL) and Ethereum(ETH) with significant growth.
The past few days have been challenging for Ethereum investors, as the altcoin leader kicked off 2025 with a steep 15% drop from local highs, plunging to lower demand levels. This selloff has mirrored the broader market’s volatility, leaving many questioning the strength of ETH’s recovery potential.
ETH's short-term outlook shows signs of a bullish reversal around the $3,000 psychological level.
On-chain metrics suggest selling pressure, but most ETH holders remain in profit.
Ethereum [The post Ethereum can rally to $6K only if ETH holds THIS support appeared first on AMBCrypto.
ETH long-term holders were more bullish than their BTC colleagues.
ETH/BTC was at a pivotal point, but a strong rebound was yet to be triggered.
Ethereum's [ETH] long-term holders (LTH) The post Will Ethereum reach $3.
Ethereum (ETH) is currently trading around $3,400, showing signs of indecision as it fails to establish strong support above this critical level. Recent price action reflects a lack of conviction among traders, leaving the market in a state of flux.
Amid the recent crypto market shifts, all eyes are on Ethereum’s (ETH) price movement. Ethereum takes center stage as investors speculate about a potential break out for ETH, with the goal to smash $4000.
As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC).
Ethereum (ETH) price sees slowing momentum as ADX weakens. Whales accumulate, and $3,523 resistance could push ETH toward $4,100.
The post Ethereum (ETH) Price Momentum Weakens Despite Whale Confidence appeared first on BeInCrypto.
With recent price gains, Ethereum (ETH) might be preparing for a return to $4,000. Learn what needs to happen for ETH to surge past critical resistance zones.
The post Ethereum (ETH) Return to $4,000 Imminent Once It Clears This Resistance appeared first on BeInCrypto.
Ethereum's funding rate signals a potential rebound for ETH.
ETH has declined by 16. 48% over the past 7 days.
Since hitting $4109, Ethereum [ETH] has experienced strong downward pressure.
The volume of large transactions has increased in the last few days.
ETH saw a slight rebound in the last 24 hours.
Ethereum[ETH] whales are making waves again, withdrawing massive amounts oThe post Ethereum: Can ETH rally after $90M whale withdrawals? appeared first on AMBCrypto.
Ethereum (ETH) faces potential market volatility after Tron (TRON) founder Justin Sun announced his intention to withdraw 52,905 ETH, valued at around $209 million, from Lido Finance (LDO). Sun’s decision comes on the heels of a recent sell-off when Ethereum hit the $4,000 mark, raising questions about his intentions.
Ethereum whales accumulate 6102 ETH tokens worth $23. 84 million.
ETH rises by 2. 07% over the past 24 hours.
Over the past month, Ethereum [ETH] has experienced a strong upward movement.
ETH goes for another attempt at the $4,000 price tag as bulls resume dominance.
Ethereum ETFs and whales demonstrate continued inflows.
Ethereum [ETH] has regained its bullish momentum in a The post Ethereum: 2 major factors that could take ETH back to $4K appeared first on AMBCrypto.
Buying pressure on ETH remained high in the last few days.
Technical indicators supported the possibility of a price increase.
As the market condition remained bearish, Ethereum [ETH], lThe post Ethereum bulls have a decision to make as ETH drops below $3.8K appeared first on AMBCrypto.
Ethereum active addresses up 36%, signaling organic demand and solid network activity.
Breaking $4,100 resistance could propel ETH towards its all-time high of $4,891.
Ethereum [ETH] experieThe post Ethereum active addresses jump 36%: Will ETH break $4000 now? appeared first on AMBCrypto.
Ethereum's Realized Cap has hit $243.45 billion, reflecting increased market confidence. Coupled with a positive MVRV trend, ETH could climb to $4,200.
The post Ethereum Realized Cap Hits All-Time High, Suggests Trouble for ETH Bears appeared first on BeInCrypto.
Ethereum ETF inflows surpass $1 billion, marking a new record. As ETH climbs to $3,700, will this institutional interest lead to further price gains for the altcoin?
The post Ethereum ETF Monthly Inflows Surge Past $1 Billion: Impact on ETH Price appeared first on BeInCrypto.
ETH’s funding rate also increased over the past few days.
In case of a correction, ETH might drop to $3.3k again.
As the king of altcoins, Ethereum [ETH], inches towards the $3.7k markThe post Ethereum open interest hits record high: Will ETH follow suit? appeared first on AMBCrypto.
Ethereum price stabilized during the weekend as last week’s strong bull run faded. ETH, the second-biggest cryptocurrency, was trading at $3,370 on Monday, a few points below the month-to-date high of $3,500.
Ethereum's volume has surged 85% in under two weeks, reaching $7.3 billion.
However, a consolidation phase appears more likely before ETH bulls can target $4K.
In 2024, Ethereum's [ETH] onThe post Ethereum volume surges 85%, yet ETH lags behind - What's going on? appeared first on AMBCrypto.
There is a vast difference in the net taker volume in exchanges of Bitcoin and Ethereum.
Three factors could influence ETH to change to the right side.
The exchange activities between BitcoiThe post Ethereum: 3 factors that could help ETH pump majorly appeared first on AMBCrypto.
Ethereum (ETH) has been underperforming in this cycle, trailing far behind Bitcoin’s impressive rally to new all-time highs. While Bitcoin captures headlines with its continued surge, ETH struggles to reclaim its yearly highs, leaving many investors questioning its next move.
Ethereum continued to trade in the $3,000 price zone.
However, the ETH/BTC pair broke support for the first time since 2016.
Ethereum's [ETH] ongoing struggle against Bitcoin [BTC] continuesThe post Is Ethereum staking enough to counter ETH's struggles against Bitcoin? appeared first on AMBCrypto.
A recap of how Ethereum has been lagging behind compared to some of its top rivals.
Why Bitcoin dominance could be the key to ETH unlocking explosive growth.
Ethereum [ETH] became the subjecThe post Ethereum lags as Bitcoin dominates: Will THIS turn things around for ETH? appeared first on AMBCrypto.
Ethereum broke out of a symmetrical wedge on the price charts
ETH scooped up 70% in RWA tokenization
Ethereum's (ETH) charts saw the first signs that may shut down the narrative of "ETH is DThe post Ethereum at $3K - Mapping how ETH's price can climb to $4000 next appeared first on AMBCrypto.
Ethereum (ETH) registered a remarkable performance following Donald Trump’s victory in the November 5 US elections. The second-largest cryptocurrency by market capitalization has jumped 21. 9% in the past three days, reigniting investors’ bullish sentiment for the crypto and ETH-based investment products.
Altcoin's metrics revealed that ETH slipped below its possible market bottom on the charts
A fall under $2.4k could push ETH down to $2.3k
Like most cryptos in the market, Ethereum [ETH] alsThe post Ethereum to $3,000 - Despite 5% fall, ETH can climb ONLY if... appeared first on AMBCrypto.
The recent drop in ETH’s price appeared to be a retracement.
Market sentiment indicated a likely pullback, driven by weakening buying pressure.
Over the past 24 hours, Ethereum [ETH] has eThe post Breaking down Ethereum's price slump: Temporary setback for ETH? appeared first on AMBCrypto.
Ethereum on a steady decline since dropping below $3400.
The crowd is losing interest in ETH during this mild crypto slump.
Ethereum [ETH] has shown signs of weakness, even after recent gainThe post Ethereum: What MVRV momentum tells you about ETH's 2025 targets appeared first on AMBCrypto.
The Dencun upgrade allowed multiple L2s to grow substantially.
ETH’s price action turned bullish in the last 24 hours.
After the Decun upgrade, Ethereum [ETH] witnessed major changes iThe post Why Ethereum's fees dropped, and what it means for ETH appeared first on AMBCrypto.
Massive inflow of ETH into exchanges as ICO continue to sell
The Dencun upgrade has seen ETH lose some revenue going to L2s
Ethereum (ETH), the market's second-largest cryptocurrency after BThe post $259.
Ethereum (ETH) has seen a 10. 3% drop from last week’s highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction.
Grayscale has launched a crypto investment trust fund for MakerDAO, according to an Aug. 13 statement shared with CryptoSlate. This fund, named the Grayscale MakerDAO Trust, will give investors direct exposure to MakerDAO’s native MKR token.
Maker is currently in a downward range after rejecting a key level two weeks ago. However, it appeared to have found temporal support and is now gaining traction following a small increase since yesterday.
Maker price rose more than 7% to lead altcoin gainers alongside Kaspa and Injective. Gains for MKR came as new upside momentum emerged amid a massive $1. 35 million Endgame audit contest. MakerDAO said in a recent post that blockchain security platform Sherlock will the host the bug hunt contest from July 8 to August 5, […]
The post Maker price surges 7% amid $1.
Over the past week, Maker DAO’s native token, $MKR, has encountered a marginal decrease of up to 3%. This decline coincides with notable on-chain activity involving a prominent whale investor, identified as 0xa09.
Savvy crypto investors—often dubbed “crypto whales” due to their sizable holdings, which can influence market trends have recently been setting their sights on a select group of altcoins, potentially aiming to capitalize on their prospective gains.
Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k. MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2. 01 The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market cap up by 3.
Bitcoin (BTC) and Ether (ETH) broke higher today, trading above $26,650 and $1,620. Maker (MKR) hit a yearly high near $1,470 amid fresh buy pressure. Meanwhile, Shiba Memu has raised over $3. 3 million in its presale as SHMU price jumps to $0.
