Bitcoin (BTC) and other coins are seeing signs of recent downward momentum, with key coins such as Bitcoin (BTC) and other altcoins falling sharply. The altcoin has fallen by 4.50% over the past 24 hours and has pulled off a crucial level of support. While investors weigh the risks, experts say there are other potential downside scenarios should ETH go weaker. Is Binance Delisting Ethereum From Their Exchange?
Speculation surrounding Binance’s token delisting decisions has added fuel to market volatility. Recently, Binance introduced a Vote to List and Vote to Delist mechanism, allowing users to participate in token listings. However, rumors falsely claimed that Binance planned to delist Ethereum. Binance CEO Changpeng Zhao (CZ) dismissed the claims outright, stating, “Whoever believes this deserves to be poor.” Despite the clarification, investor sentiment remains shaky.
Crypto analyst Ali claims that whales have transferred more than 200,000 ETH in the past two weeks. Big volumes of crypto often precede great price drops, which brings more volatility into the market.
The latest data shows that $165 million worth of long ETH positions were liquidated in a day. This massive liquidation event has heightened selling pressure as traders prepare for more declines.
According to data from Arkham Intelligence, New wallets, reportedly belonging to hackers, have been dumping 14,064 ETH from the Bitcoin Blockchains THORChain and Chainflip to reach $27.5 million in DAI at an average price of $1,956. This massive dump could further lower the price of assest.
Altcoin price is still fragile in today’s market as it tests the $1,820 support for the second time this month. If the assest closes a daily candle below $1,800, analysts predict an 18% drop to $1,490 for the next few days.
On a weekly chart, the second largets crypto currency continues to move below the 200 SMA and that could mean more weakness. There was a brief up-momentum in early March 2025, but it didn’t show much for Ethereum and will likely head toward $1,200 or lower if this rally continues.
Source: TradingView
According to Coinglass, Statistics show that short side traders are over-leveraged at $1,925 currently, having established $249.09 million in short positions at this price level. Long-side traders are, meanwhile, over-leveraged at $1,862.60, with $214.33 million in long positions.
With shorts dominated, The assest will be at risk of further liquidations from shorts driving the price down.
Ethereum’s future is in doubt unless it can hold onto the $1,800 area. If the uptrend holds, Ethereum can bounce fairly short term (say, towards $1,950-$2,000), but if the uptrend breaks, it can rapidly head toward $1,490 or even $1,200.
Ethereum's price is still under pressure, in part due to whale movement, liquidations, and bearish sentiment. If the $1800 support level breaks, Ethereum's price could be set to fall sharply.
Also read: Gunz Price Prediction: What Will Be The Listing Price on Binance?
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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