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Ethereum Price News: Where Is ETH Heading Next as DEX Volumes Tanks 44%?

SCRYPTO MAGAZINE by SCRYPTO MAGAZINE
March 23, 2025
in Ethereum
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Ethereum Price News: Where Is ETH Heading Next as DEX Volumes Tanks 44%?
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Key Notes

  • Decentralized trade (DEX) exercise on the Ethereum community dropped 44% over the previous week, impacting Layer-2 options.
  • To defy the market development, ETH wants to interrupt previous $2,500 for a continued rally to $4,000 and past.
  • Regardless of market challenges, Ethereum whales holding between 10,000 and 100,000 ETH elevated their balances by over 12% in 2025
    .

Ethereum

ETH
$2 004



24h volatility:
0.9%


Market cap:
$241.80 B



Vol. 24h:
$7.23 B



value has been topic to probably the most 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 information offers combined indicators leaving analysts divided over the following motion. 

Moreover, with a weekly drop of 44% within the decentralized trade (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 known 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 thrice throughout this market cycle however failed on every event. 

However following the current rejection, ETH value has fallen beneath each the mid-range degree and the upward-sloping trendline assist that originated from its cycle low, as proven within the beneath picture. 

#Ethereum – Unbiased Evaluation

ETH has one of many worst charts of all time. The value tried to interrupt above the vary excessive of $4,000 thrice on this cycle however failed.

On the final rejection, value broke down even beneath the mid-range and can also be buying and selling beneath the… pic.twitter.com/iXkg8THiFy

— Mags (@thescalpingpro) March 18, 2025

The analyst additionally cited two doable case eventualities for the Ethereum value trajectory transferring forward. 

  • Bearish State of affairs (Blue): The value continues its downward development on account of a scarcity of great assist, probably 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 situation seems extra seemingly.

Ethereum DEX Exercise Drops Over 44%

As per the information from DeFiLlama, the decentralized trade (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 rivals have additionally confronted a drop in decentralized trade (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% enhance in weekly buying and selling quantity.

ETH Whale Accumulation Stays Sturdy

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 phase noticed over a 12% development in 2025 alone on their whole ETH balances whereas the 1k-10k phase noticed a 3% enhance of their holdings YTD,” it noted.

next

Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.

Cryptocurrency News, Ethereum News, News

Bhushan Akolkar

Bhushan is a FinTech fanatic and holds a very good aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Know-how and Cryptocurrency markets. He’s repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and typically discover his culinary abilities.

Bhushan Akolkar on X





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