• bitcoinBitcoin (BTC) $ 96,785.00
  • ethereumEthereum (ETH) $ 2,680.38
  • xrpXRP (XRP) $ 2.55
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 675.23
  • solanaSolana (SOL) $ 195.56
  • usd-coinUSDC (USDC) $ 0.999917
  • dogecoinDogecoin (DOGE) $ 0.262697
  • cardanoCardano (ADA) $ 0.800449
  • staked-etherLido Staked Ether (STETH) $ 2,676.37
  • tronTRON (TRX) $ 0.235440
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,668.00
  • chainlinkChainlink (LINK) $ 18.58
  • suiSui (SUI) $ 3.47
  • wrapped-stethWrapped stETH (WSTETH) $ 3,194.28
  • avalanche-2Avalanche (AVAX) $ 25.52
  • stellarStellar (XLM) $ 0.335973
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • litecoinLitecoin (LTC) $ 126.11
  • the-open-networkToncoin (TON) $ 3.74
  • leo-tokenLEO Token (LEO) $ 9.78
  • hyperliquidHyperliquid (HYPE) $ 26.46
  • usdsUSDS (USDS) $ 0.999797
  • hedera-hashgraphHedera (HBAR) $ 0.225136
  • wethWETH (WETH) $ 2,675.46
  • polkadotPolkadot (DOT) $ 5.13
  • bitget-tokenBitget Token (BGB) $ 5.68
  • bitcoin-cashBitcoin Cash (BCH) $ 336.28
  • ethena-usdeEthena USDe (USDE) $ 0.999990
  • uniswapUniswap (UNI) $ 9.87
  • mantra-daoMANTRA (OM) $ 5.69
  • wrapped-eethWrapped eETH (WEETH) $ 2,836.81
  • ondo-financeOndo (ONDO) $ 1.33
  • moneroMonero (XMR) $ 225.55
  • pepePepe (PEPE) $ 0.000010
  • nearNEAR Protocol (NEAR) $ 3.36
  • whitebitWhiteBIT Coin (WBT) $ 27.14
  • aaveAave (AAVE) $ 255.05
  • aptosAptos (APT) $ 6.11
  • mantleMantle (MNT) $ 1.04
  • daiDai (DAI) $ 1.00
  • internet-computerInternet Computer (ICP) $ 7.14
  • susdssUSDS (SUSDS) $ 1.04
  • bittensorBittensor (TAO) $ 386.79
  • official-trumpOfficial Trump (TRUMP) $ 16.06
  • ethereum-classicEthereum Classic (ETC) $ 21.14
  • okbOKB (OKB) $ 51.64
  • gatechain-tokenGate (GT) $ 23.34
  • vechainVeChain (VET) $ 0.034450
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.318709
  • kaspaKaspa (KAS) $ 0.102055
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,604.00
  • crypto-com-chainCronos (CRO) $ 0.090985
  • algorandAlgorand (ALGO) $ 0.292095
  • tokenize-xchangeTokenize Xchange (TKX) $ 29.37
  • render-tokenRender (RENDER) $ 4.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.871415
  • cosmosCosmos Hub (ATOM) $ 4.99
  • filecoinFilecoin (FIL) $ 3.41
  • arbitrumArbitrum (ARB) $ 0.486632
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997200
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.777530
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,625.00
  • sonic-3Sonic (prev. FTM) (S) $ 0.537911
  • fasttokenFasttoken (FTN) $ 3.94
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,687.12
  • celestiaCelestia (TIA) $ 3.07
  • binance-staked-solBinance Staked SOL (BNSOL) $ 202.04
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,773.86
  • lido-daoLido DAO (LDO) $ 1.70
  • raydiumRaydium (RAY) $ 5.21
  • optimismOptimism (OP) $ 1.12
  • kucoin-sharesKuCoin (KCS) $ 12.15
  • injective-protocolInjective (INJ) $ 15.10
  • xdce-crowd-saleXDC Network (XDC) $ 0.094021
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,645.00
  • blockstackStacks (STX) $ 0.957300
  • ethenaEthena (ENA) $ 0.448311
  • immutable-xImmutable (IMX) $ 0.799989
  • theta-tokenTheta Network (THETA) $ 1.38
  • bonkBonk (BONK) $ 0.000018
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,003.68
  • the-graphThe Graph (GRT) $ 0.140276
  • nexoNEXO (NEXO) $ 1.33
  • quant-networkQuant (QNT) $ 91.36
  • movementMovement (MOVE) $ 0.550338
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,830.26
  • worldcoin-wldWorldcoin (WLD) $ 1.22
  • flare-networksFlare (FLR) $ 0.021007
  • usual-usdUsual USD (USD0) $ 0.997936
  • jasmycoinJasmyCoin (JASMY) $ 0.022084
  • sei-networkSei (SEI) $ 0.234529
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,793.00
  • dexeDeXe (DEXE) $ 17.79
  • galaGALA (GALA) $ 0.023235
  • msolMarinade Staked SOL (MSOL) $ 247.92
  • eosEOS (EOS) $ 0.643856
  • the-sandboxThe Sandbox (SAND) $ 0.395532
  • flokiFLOKI (FLOKI) $ 0.000097
  • tezosTezos (XTZ) $ 0.892955
  • jito-governance-tokenJito (JTO) $ 3.06
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.69
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,771.68
  • bittorrentBitTorrent (BTT) $ 0.00000087
  • iotaIOTA (IOTA) $ 0.236529
  • wbnbWrapped BNB (WBNB) $ 676.93
  • makerMaker (MKR) $ 987.29
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.28
  • ultimaUltima (ULTIMA) $ 19,251.14
  • flowFlow (FLOW) $ 0.523379
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.80
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 211.99
  • neoNEO (NEO) $ 11.35
  • bitcoin-svBitcoin SV (BSV) $ 39.61
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,501.00
  • kaiaKaia (KAIA) $ 0.131840
  • roninRonin (RON) $ 1.23
  • chain-2Onyxcoin (XCN) $ 0.023071
  • pyth-networkPyth Network (PYTH) $ 0.205164
  • usddUSDD (USDD) $ 1.00
  • tether-goldTether Gold (XAUT) $ 2,930.61
  • heliumHelium (HNT) $ 3.93
  • axie-infinityAxie Infinity (AXS) $ 4.38
  • spx6900SPX6900 (SPX) $ 0.741104
  • telcoinTelcoin (TEL) $ 0.008683
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.263099
  • curve-dao-tokenCurve DAO (CRV) $ 0.526364
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,831.63
  • elrond-erd-2MultiversX (EGLD) $ 23.13
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010211
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,675.35
  • fraxFrax (FRAX) $ 0.997086
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.998873
  • aerodrome-financeAerodrome Finance (AERO) $ 0.804615
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • decentralandDecentraland (MANA) $ 0.330438
  • pax-goldPAX Gold (PAXG) $ 2,947.02
  • starknetStarknet (STRK) $ 0.234280
  • berachain-beraBerachain (BERA) $ 5.58
  • beam-2Beam (BEAM) $ 0.011332
  • arweaveArweave (AR) $ 9.08
  • dogwifcoindogwifhat (WIF) $ 0.591202
  • conflux-tokenConflux (CFX) $ 0.118581
  • matic-networkPolygon (MATIC) $ 0.318549
  • dydx-chaindYdX (DYDX) $ 0.779533
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,676.69
  • resolv-usrResolv USR (USR) $ 0.999903
  • chilizChiliz (CHZ) $ 0.060487
  • pumpbtcpumpBTC (PUMPBTC) $ 93,921.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,675.75
  • pendlePendle (PENDLE) $ 3.38
  • meowMEOW (MEOW) $ 0.006063
  • apecoinApeCoin (APE) $ 0.735064
  • insurance-2INSURANCE (INSURANCE) $ 28.30
  • ecasheCash (XEC) $ 0.000027
  • beldexBeldex (BDX) $ 0.075120
  • zcashZcash (ZEC) $ 32.48
  • kavaKava (KAVA) $ 0.475123
  • wormholeWormhole (W) $ 0.179756
  • thorchainTHORChain (RUNE) $ 1.45
  • coredaoorgCore (CORE) $ 0.537902
  • ai16zai16z (AI16Z) $ 0.455072
  • compound-governance-tokenCompound (COMP) $ 56.29
  • story-2Story (IP) $ 2.01
  • aioz-networkAIOZ Network (AIOZ) $ 0.434455
  • true-usdTrueUSD (TUSD) $ 0.998426
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,771.00
  • amp-tokenAmp (AMP) $ 0.005805
  • clbtcclBTC (CLBTC) $ 97,174.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008761
  • fartcoinFartcoin (FARTCOIN) $ 0.480931
  • newton-projectAB DAO (AB) $ 0.010710
  • akash-networkAkash Network (AKT) $ 1.90
  • morphoMorpho (MORPHO) $ 2.04
  • gnosisGnosis (GNO) $ 173.88
  • tbtctBTC (TBTC) $ 96,420.00
  • chex-tokenCHEX Token (CHEX) $ 0.442767
  • apenftAPENFT (NFT) $ 0.00000044
  • quantixaiQuantixAI (QAI) $ 84.64
  • mina-protocolMina Protocol (MINA) $ 0.354472
  • axelarAxelar (AXL) $ 0.469510
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000078
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,652.38
  • based-brettBrett (BRETT) $ 0.043055
  • olympusOlympus (OHM) $ 25.83
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • eigenlayerEigenlayer (EIGEN) $ 1.70
  • deepDeepBook (DEEP) $ 0.164346
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998202
  • super-oethSuper OETH (SUPEROETHB) $ 2,674.33
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,920.04
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.961044
  • zksyncZKsync (ZK) $ 0.107851
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,678.97
  • verus-coinVerus (VRSC) $ 4.93
  • 1inch1inch (1INCH) $ 0.273450
  • grassGrass (GRASS) $ 1.57
  • echelon-primeEchelon Prime (PRIME) $ 6.95

Why Did Ethereum Crash? How Low Can ETH Price Drop?

Why Did Ethereum Crash? How Low Can ETH Price Drop?

The cryptocurrency market, led by Ethereum (ETH) and Bitcoin (BTC), shed more than $500 billion in net valuation since Friday to hover about $3.16 trillion on Monday, February 3, during the early Asian session. Following the heavy deleveraging in the crypto market, more than $2.1 billion was liquidated in the past 24 hours, higher than the FTX and COVID-19-induced crypto crashes.

Bitcoin price has dropped more than 10 percent in the past two weeks to retest a crucial support level above $91k. Ethereum price shed more than 30 percent in the past two weeks to retest the multi-month support level of around $2,136.

Top Reasons Why Crypto Market Crashed Today

The cryptocurrency market has been reacting to the onset of Donald Trump’s second term in the past few weeks. After receiving significant hype in the months leading to Trump’s second inauguration in mid-January, the crypto market has experienced a sell-the-event scenario in the past two weeks.

Notably, US President Donald Trump launched trade wars with Canada, Mexico, and China, thus triggering retaliation from the affected nations. As a result, the crypto market followed major stock indexes led by the Dow Futures.

Ethereum Whales Capitulate

The notable capitulation in Ethereum price was heavily fueled by whales’ panic selling. As Ethereum’s supply on centralized exchanges surged to a new 12-month peak of nearly 16.2 million, on-chain data shows several whales deposited their Ether to different CEXes for sale in the past 24 hours.

What Next for Ether?

If this is an ascending parallel channel, #Ethereum $ETH must hold the $2,750 support level to set the stage for a rebound to $6,760! pic.twitter.com/XPeM1tQhZQ

— Ali (@ali_charts) February 3, 2025

From a technical analysis standpoint, Ethereum price has retested a crucial support zone, which must hold in the coming weeks to re-ignite the next phase of the macro bull run. According to crypto analyst Ali Martinez, if Ether’s price holds the support level above $2,750, the stage will be set for the next rally beyond $6k.

According to crypto analyst Benjamin Cowen, Ethereum price, against Bitcoin and potentially the US dollar, will bottom out after the Fed’s Quantitative Tightening (QT) ends.

Source

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