Latest Ethereum News Today: Price Drops and Market Shifts
The cryptocurrency market is buzzing with the latest developments surrounding Ethereum (ETH), the second-largest digital asset by market capitalization. As of today, March 19, 2025, Ethereum has experienced significant bearish pressure, with its price hovering around $1,900 after a notable decline. This drop comes amid rising whale activity and shifting market dynamics, raising questions about the future of ETH.
According to recent reports, a crypto whale who had been dormant for three years resurfaced to sell 1,014 ETH, valued at approximately $1.92 million. This transaction, detailed by The Crypto Basic, netted the whale a modest profit of $126,000 despite acquiring the ETH at an average price of $1,771. The sale reflects a broader trend of profit-taking among large holders, adding to the downward pressure on Ethereum’s price.
Standard Chartered, a major financial institution, recently slashed its Ethereum price forecast for the end of 2025 by 60%, reducing its target from $10,000 to $4,000. Cited by Investing.com, the bank pointed to Ethereum’s diminishing dominance in key sectors and increased competition from layer-2 blockchains like Base, which are siphoning activity away from the main network. This revised outlook has sparked debates among investors about ETH’s long-term potential.
Meanwhile, on-chain activity paints a mixed picture. Posts on X indicate that Ethereum’s gas fees have plummeted to 1.12 GWEI, a 50-fold decrease from last year, signaling a sharp drop in network usage. However, the Ethereum Foundation continues to push forward with development, announcing funding for ZKnox, an open-source research group enhancing security against quantum threats. This initiative has already reduced certain transaction costs by 12 times using advanced technology.
Market analysts remain divided. FXStreet reports that if Ethereum’s price falls to $1,000, it could trigger massive liquidations in the decentralized finance (DeFi) sector, where ETH serves as a key collateral asset. On the flip side, some experts argue that staking within Ethereum ETFs, as proposed by Fidelity, could drive a price recovery more effectively than upcoming technical upgrades like Pectra.
Sources: The Crypto Basic (link), Investing.com (link), FXStreet (link), and posts on X.
