Ether (ETH), the native cryptocurrency of the Layer 1 Ethereum blockchain network, has fallen about 6.7% in the past 24 hours following Friday’s market crash, showing greater price resilience than many altcoins that have plunged by more than 95% in some cases.
The market crash triggered by US President Donald Trump’s tariff announcement sent ETH’s price to a low of around $3,510 on Friday, a drop of more than 20% in one day.
The price broke through the dynamic support level, the 200-day exponential moving average (EMA), and then rebounded above $3,800. The Relative Strength Index (RSI) is also close to oversold conditions at 35, suggesting a potential reversal.
Ethereum price action and analysis. sauce: TradingView
According to Coinglass, approximately 1.6 million crypto traders were liquidated due to the sudden market downturn. Following the market carnage, crypto investor Sassar said:
“BTC and ETH have fared relatively well compared to the long tail of alternatives, with stocks down over 70% and some stocks down over 95%. I’m not usually into conspiracy theories, but clearly this was not normal market behavior.”
Friday’s market crash was the most severe cryptocurrency liquidation incident in history, wiping out up to $20 billion in 24 hours and shaking investor confidence in the market as traders worried about a protracted trade war between the United States and China.
Related: ETH fell along with Bitcoin, but Ether adoption pace still supports a rise to $10,000
Will ETH reach $5,500 next, or will inbound selling pressure suppress the price?
ETH is down more than 22% from its all-time high of $4,957 in August, according to TradingView data.
Analysts at investment research firm Fundstrat predicted that ETH could rise to a record high of $5,550 after bottoming out from the market slump on Friday.
The average inflow of Ether exchanges will reach the highest level recorded in 2025. source: cryptoquant
However, potential selling pressure could push prices lower. According to CryptoQuant, the average inflow to Ethereum exchanges (a metric that tracks the number of coins sent to exchanges for potential sale) reached 79 on Saturday.
This marks the highest level of ETH exchange inflows recorded in 2025. An increase in the level of foreign exchange inflows could mean increased selling pressure, while a decrease in foreign exchange inflows indicates that investors are holding for the long term, laying the groundwork for price appreciation.
Withdrawals from Ethereum’s staking queue also reached a record $10 billion in October, which could indicate potential selling pressure from validators exiting the queue, but does not necessarily mean a sell-off, analysts at market intelligence platform Nansen told Cointelegraph.
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