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Ethereum Price News: Where Is ETH Heading Next as DEX Volumes Tanks 44%?
Ethereum
ETH
$2 051
24h volatility:
6.7%
Market cap:
$247.56 B
Vol. 24h:
$20.42 B
value has been topic to one of the brutal corrections with a greater than 40% drop for the reason that starting of the 12 months. With ETH consolidating round $1,950 ranges over the previous week, on-chain knowledge provides blended alerts leaving analysts divided over the following motion.
Moreover, with a weekly drop of 44% within the decentralized alternate (DEX) exercise on the Ethereum blockchain, buyers are ready on the sting of their seats.
Ethereum Value in a Make-or-Break State of affairs
Whereas assessing the Ethereum value chart, crypto analyst Mags referred to as it “one of many worst charts of all time”. The analyst added that ETH tried to interrupt above the important thing vary excessive of $4,000 3 times throughout this market cycle however failed on every event.
However following the latest rejection, ETH value has fallen under each the mid-range degree and the upward-sloping trendline assist that originated from its cycle low, as proven within the under picture.
The analyst additionally cited two attainable case situations for the Ethereum value trajectory shifting forward.
- Bearish State of affairs (Blue): The worth continues its downward development as a result of an absence of great assist, doubtlessly falling to the vary low of $1,060.
- Bullish State of affairs (Inexperienced): Ethereum reclaims the $2,500 degree and rallies again to $4,000 for one more try at a breakout.
Nonetheless, Mags famous that, primarily based on present technical indicators, the bearish state of affairs seems extra seemingly.
Ethereum DEX Exercise Drops Over 44%
As per the information from DeFiLlama, the decentralized alternate (DEX) exercise on the Ethereum blockchain community has tanked by 44% over the previous week. This has additionally impacted different Layer-2 options on Ethereum like Base, Arbitrum, and Polygon.
As proven within the above picture, a number of Ethereum opponents have additionally confronted a drop in decentralized alternate (DEX) exercise. Solana’s DEX exercise dropped by 35%, whereas SUI skilled a 17% lower. In distinction, BNB Chain bucked the development with a 38% improve in weekly buying and selling quantity.
ETH Whale Accumulation Stays Robust
Giant Ethereum (ETH) holders have been steadily rising their positions since late 2024, persevering with into early 2025. Information from blockchain analytics platform Nansen reveals that whereas smaller ETH holders have been trimming their balances, whales holding between 10,000 and 100,000 ETH have expanded their holdings by greater than 12% within the first months of 2025.
This accumulation suggests a rising confidence amongst main buyers regardless of broader market fluctuations. “The 10k-100k section noticed over a 12% development in 2025 alone on their whole ETH balances whereas the 1k-10k section noticed a 3% improve of their holdings YTD,” it noted.
Ethereum Price News: Where Is ETH Heading Next as DEX Volumes Tanks 44%?
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