Why is Ethereum (ETH) price down today?

The price of ether (ETH) decreased by more than 11.75% in the last 24 hours to around $ 1,900. At its intra-day hollow, the cryptocurrency was negotiated at $ 1,755, its lowest price since October 2023.

Several factors seem to contribute to the price loss of the ETH, in particular:

• US recession fears and its global impact on risky markets.

• Long massive liquidations on the cryptography market.

• Cryptographic loans supported by ETH as collateral risks of liquidation.

• Lowering techniques.

The price of ether decreases with risky assets

The continuous price drop from Ether reflects similar reductions in the wider risk market due to unfavorable macroeconomic conditions.

Key points:

• JPMORGAN increased the risk of United States recession at 40% for 2025, compared to 30%, citing the “extreme policies of the United States” by US President Donald Trump as a key risk factor.

• Goldman Sachs has also increased its probability of 12 -month recession to 20%, compared to 15%.

• Earlier in March, Trump imposed prices of 25% on all goods in Mexico and Canada and 10% tariffs on Chinese imports.

• Canada and Mexico have announced intentions to impose reprisal prices on American goods, climbing trade tensions and raising concerns about a potential trade war.

• Meanwhile, China has already retaliated by increasing prices on several American products and imposing export controls and investment restrictions on 25 American companies.

• These prices should increase consumer prices and contribute to American inflation.

US recession fears have an impact on Ethereum and the cryptography sector, in particular:

• Ether, bitcoin and other high-level cryptographic assets have historically decreased during periods of economic turbulence, for example, the COVVI-19 sale in March 2020.

• As of March 11, the 52 -week correlation between the cryptography market and the American reference index, the S&P 500 index was 0.69.

• A constantly positive correlation increases the chances of a drop in the cryptographic market if American actions continue to decrease, especially since the trade war is dragging more.

• Bond traders do not see the need for a rate drop before June, CME data showing ratings of 95% and 52.5% of a break during the Fed March and May meetings, respectively.

Loans of poor challenge increase the ether sales pressure

A 74 million dollars of Sky protocol, guaranteed with $ 130 million dollars, was almost liquidated after the Ether price fell below the level of liquidation just greater than $ 1,900.

As it happened:

• The borrower added $ 34 million as a guarantee to avoid liquidation.

• Withdrew $ 1.6 million in USDT from Binance, exchanged it for Dai and deposited in Maker.

• The debt reduced to $ 73.1 million while the price of ETH continued to drop.

• The level of liquidation remained at $ 1,836 per ETH, closer to the current price of ETH greater than $ 1,900.

• Almost $ 353 million in debt is linked to these loans, risking liquidation if the price of the ETH drops by 20% from here.

Long liquidations accelerate the downward trend

The ether falls in the past 24 hours coincided with a wave of long liquidations that have forced merchants to leave their lever -effect positions.

The main dishes to remember:

• More than $ 240 million in ETH posts have been destroyed in the last 24 hours, with long liquidations representing $ 196.27 million, or 82% of the total.

• The net price drop started a forced sales cascade while merchants betting on the increase in ethereum prices were liquidated.

• When long -speaking positions do not maintain margin requirements, exchanges automatically sell their assets to cover the losses.

• These liquidations accelerate the price reductions, exacerbating the slowdown.

• The wider market of cryptography has also experienced a net deleveraging event, total liquidations reaching 897.26 million dollars between assets.

Ether eyes still decrease to $ 1,700

From a technical point of view, the drop in Ether prices is now part of its dominant cup and opposite hand model.

Key points:

• Temporary consolidation (handle) was formed nearly $ 2,700, indicating a failed rupture attempt.

• ETH broke below key support levels, confirming the IC & H rupture, causing more losses.

• The measured movement target of the model suggests a potential drop to $ 1,700, aligning with the dotted level of support.

• The 50-day EMA ($ 2,600) and the 200-day EMA ($ 2,929) remain well above, strengthening the lowering feeling.

Key levels to monitor:

• Eth Price has been inside a descending channel model since the end of February.

• As of March 11, the ETH / USD pair increased after testing the lower tendency line of the canal as a support.

• These rebounds have taken prices to the superior tendency line of the canal in recent history.

• If the fractal is repeated, the next target at the next ETH stage could be around $ 2,000, lining up with the trace line of 0.236 Fibonacci.

• A reversal of current price levels could have the Decrease of IC & H of $ 1,700.

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.