Ethereum investors were alarmed when on Monday the Ethereum price briefly dropped below $1,800. Crypto market in a major sell off, as several cryptos are crashing. Even though ETH is now above $1900, it’s still down 8% from the previous week.
Ethereum’s last trading below $1800 occurred in October of 2023 as it began to slowly emerge from its two-year long bear market. At current levels there is solid support, and fortunately this level was held. This prevented the asset from crashing back down to bear-market lows. Ether appears to have formed a chart with a double top. Many analysts have warned If this support was lost, ETH might fall as low at $1,200.
The ongoing economic downturn is making investors nervous as Trump’s new tariffs against China and Canada go into effect on Tuesday. Canada is facing 25% tariffs while China will face 10%. US stocks reacted strongly on Monday when the Dow Jones ended 650 point in red. The Nasdaq index fell by 500 points while the S&P 500 plummeted by more than 100 points. Ethereum and the other major cryptocurrencies crashed as a result of the stock-market crash.
Hacking the test platform of Ethereum’s network is another part of Ethereum’s problems. Pectra problems and an unidentified attacker who sent zero-token transactions, leading to empty blocks.
Also Read: Solana: Is SOL a Better Investment Than Ethereum in 2025?
On March 9, Ethereum (ETH) developer Marius van der Wijden said It was resolved. “We suspected that the attacker was reading some of our chats, so we decided not to publicize the fix, but only update a few nodes that we controlled to get more full blocks on the network,” Developer said
Ethereum, Dogecoin and Shiba Inu, are some of the most popular cryptocurrencies on the market. These four cryptos have an enormous fan and investor base. These traders are waiting for these assets to dip and enter the market when they do. When the markets begin to rebound, analysts look first at Ethereum and Bitcoin to see if they are showing signs of improvement.
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Source: watcher.guru
