Ether (ETH), the native cryptocurrency of the Ethereum layer 1 blockchain network, is down approximately 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resistance than many altcoins, which plunged by more than 95% in some cases.
The market crash triggered by US President Donald Trump’s tariff announcement saw the price of ETH fall to a low of around $3,510 on Friday, a drop of more than 20% in a single day.
The price took advantage of the 200-day exponential moving average (EMA), a dynamic support level, before recovering above $3,800. The Relative Strength Index (RSI) is also at 35, approaching oversold conditions, indicating a possible reversal to the upside.
The sudden market crash wiped out nearly 1.6 million cryptocurrency traders, according to Coinglass. Following the market massacre, Sassal, a crypto investor, said:
“BTC and ETH did relatively well compared to the long tail of alternatives, which were down 70% or more, with some even down 95% or more. I’m not normally into conspiracies, but this was clearly not normal market behavior.”
Friday’s market crash represented the most serious cryptocurrency sell-off event in history, wiping out up to $20 billion in 24 hours and shaking investor confidence in the markets, as fears of a prolonged trade war between the United States and China gripped traders.
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ETH at $5,500 next or will incoming selling pressure suppress price?
ETH is down more than 22% from its all-time high of $4,957 reached in August, according to data from TradingView.
Analysts at investment research firm Fundstrat predicted that ETH could hit a new all-time high of $5,550 after bottoming out in Friday’s market crash.
However, possible selling pressure could keep prices low. Ethereum’s exchange inflow average, a metric that tracks the number of coins sent to exchanges for possible sale, hit 79 on Saturday, according to CryptoQuant.
This marks the highest level of ETH inflows recorded in 2025. Higher levels of inflows can mean greater selling pressure, while reducing inflows indicate that investors are holding for the long term, creating a base for price increases.
Ethereum staking queue withdrawals also hit a record $10 billion in October, which could indicate potential selling pressure from validators exiting the queue, but doesn’t necessarily mean they will sell, analysts at market intelligence platform Nansen told Cointelegraph.
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