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Ethereum Drops Below $1900 Amidst Market Turbulence

Joshua T. by Joshua T.
March 30, 2025
in Altcoin News
Key Points:

  • Ethereum price drops below $1,900 due to network stagnation.
  • Vitalik Buterin retweets positive outlook.
  • Exchange outflows increase, signaling intensified market concerns.

ethereum-drops-below-1900-amidst-market-turbulence
Ethereum Drops Below $1900 Amidst Market Turbulence

The decline in Ethereum’s value below $1,900 is significant due to the broader implications for the DeFi sector and market sentiment. Immediate market reaction includes increased exchange outflows.

On March 30, 2025, Ethereum’s price fell to $1,895.32, according to CoinGecko. Exchange outflows surged 25% in 24 hours. Ethereum’s Total Value Locked (TVL) in DeFi protocols shrank by 8.3%.

Vitalik Buterin retweeted Ethereum researcher Justin Drake, underscoring Ethereum’s long-term potential. Former BitMEX CEO Arthur Hayes suggests the price dip is temporary, citing upcoming upgrades. GitHub shows ongoing developer activity with recent commits.

“Ethereum’s future is bright. The network effects, developer ecosystem, and infrastructure are unmatched. Short-term price movements don’t change the fundamentals.” — Vitalik Buterin, Co-founder, Ethereum

Market participants saw increased volatility with increased outflows. Such conditions led to further pressure on Ethereum’s value and trader sentiment. Developers remain active, boosting long-term prospects.

CoinMarketCap reports Ethereum’s price at $1,835.63, exhibiting a 3.50% decline over the last day and 7.83% over the week. The 24-hour trading volume hit $12.37 billion, marking a 31.78% reduction.

Potential outcomes hinge on the successful execution of the upcoming Pectra upgrade. Historical trends suggest post-upgrade recovery, given active development and commitment to scalability.

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