The cryptocurrency, which dominates 11% of the broader cryptocurrency market, was bleeding heavily, and at the time of writing, Ethereum was trading at $3,070 with an intraday decline of 7.36%. In the same time frame, its market value lost 7.90% to $369.04 billion.
According to the chain’s data, in the past few weeks, whale wallets have been trading and trading in ether for huge profits, and some wallets have reportedly woken up after keeping Ethereum in their early days.
Ethereum’s trading volume has increased by 123.1% at the time of writing at $28.68 billion, and trading volume has grown to new levels in the past few weeks. Ethereum’s market capitalization has fallen by 5.04% in the past seven days and about 9% last month.
Ether falls to retest $3,500 level
The Ethereum trading price lost its momentum and at the time of writing this article it was trading below the 20, 50, 100 and 200-day exponential moving averages, and in the past seven days a 5.51% hemorrhage was observed in the Ethereum trading price.
If Ethereum prices continue to move towards the red zone, they may soon face initial support at $2,885 followed by $2,495 and if the bulls manage to pull the price up, they may face immediate resistance at $3,898 followed by closer resistance at $4,147.
The RSI on the daily chart is trending lower at 42, below its neutral level at 50, indicating negative momentum. On Sunday, the MACD also displays a bearish crossover, indicating a downward trend.
The cryptocurrency has been growing bullish on the back of a rise in whale buying in general, despite the recent lackluster performance, market watchers expect shifts in price momentum in the future.
Ethereum sells ETH amid market volatility
Ethereum has conducted its latest ETH sale, marking its third sale this year. According to data from Unchain Lens, the foundation sold 100 ETH for 307,893 DAI at an average price of $3,078.93. This latest sale comes at a time when the price of Ethereum is subject to for huge sales.
Strange time to sell Ethereum Over the past 24 hours, the price of Ethereum has dropped more than 6.63% to $3,049. During this period, ETH was trading at two extremes, from a high of $3,343 to a low of $3,024. This price forecast indicates that the Ethereum Foundation She didn’t sell from above and probably didn’t have a hand in provoking the initial sell-off.
In 2025, the organization sold 300 ETH for 980,388 DAI. In most cases, the organization used the COW protocol for sales.
The community has criticized the Ethereum Foundation for selling again. For critics, these moves affect trust in ETH and motivate retail and institutional investors to sell the currency. As noted, the current sell-off reflects these trends regarding when Ethereum sells the coin. Ethereum Foundation In the reorganization mode it should be noted that the organization has been in the news several times recently regarding its leadership changes. Vitalik Buterin noted that the foundation has sought new leaders over the past year.
Amid these trends, the Ethereum Foundation has moved to participate more fully in the governance of the protocol. For this, it has created a new portfolio to bet on platforms such as the Kraken exchange. In the end, the upcoming Pectra upgrade, scheduled to begin in mid-March, has revamped public sentiment in the ecosystem. These events have boosted confidence that Ethereum has a bright future this year and beyond, despite the current sell-off.
Strong Flows in Ethereum ETFs with Trump State
The first week of Donald Trump’s second term as president saw nearly $1.9 billion flow into exchange-traded funds (ETFs) of US spot Bitcoin (BTC) and Ethereum (ETH) as investors continued to support the “Trump trading” phenomenon.
Ethereum ETFs
Ethereal ETFs ended last week with a modest win and recorded net inflows of $9.18 million, bringing the cumulative net inflows for the week to $139.32 million.
This comes after a good week ahead of the opening of inflows of $211.97 million.
It was a strangely quiet day for ETH funds, with BlackRock and better-performing Fidelity missing out on the day’s results. Instead, it was a day for smaller boxes to shine.
In the lead, the Bitwise Ethereum ETF (ETHW) recorded net inflows of $6.01 million, bringing cumulative net inflows to $351.69 million. The ETHW Fund ranked fourth in terms of cumulative flows, and ranked fifth in terms of net assets, with total assets of $357.93 million.
Invesco Galaxy Ethereum ETF (QETH) made exceptionally rare appearances, earning $1.99 million on its first day of activity since December 19, 2024. This would also mark its first inflow since November 14, 2024,
Finally, the 21Shares Core Ethereum ETF (CETH) fund generated net inflows of $1.17 million, bringing its cumulative net inflows to $11.4 million.
In terms of revenue from gas duties, Ethereum saw a 3 percent increase in reported revenue in 2023, which was $2.41 billion. The second place was acquired by Tron Network which added $2.1 billion and Bitcoin with fees of $992.9 million in third place.
