{"id":21885,"date":"2025-03-10T13:31:00","date_gmt":"2025-03-10T11:31:00","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-enters-bear-market-following-20-weekly-decline\/"},"modified":"2025-03-10T13:31:00","modified_gmt":"2025-03-10T11:31:00","slug":"ethereum-enters-bear-market-following-20-weekly-decline","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-enters-bear-market-following-20-weekly-decline\/","title":{"rendered":"Ethereum Enters Bear Market Following 20% Weekly Decline"},"content":{"rendered":"

Ethereum’s 20% plunge over the past week has pushed its price below the upward trendline established after the Terra collapse. This technical development suggests the end of a three-year bull market, as noted by CoinDesk<\/a>.<\/p>\n

The situation is exacerbated by the breach of the $2100 level, which had marked a point of bear exhaustion in August 2023.<\/p>\n

\"1-1465\"
Source: CoinDesk.<\/figcaption><\/figure>\n

The decline from March 3-9 resulted in the largest losses for the second-largest cryptocurrency by market capitalization since November 2022.<\/p>\n

CoinDesk did not rule out the possibility of further asset sales following the trendline break. Prices could potentially fall to the September-October 2023 lows near $1500.<\/p>\n

A reversal in dynamics would require a return and consolidation above $2523, CoinDesk concluded.<\/p>\n

Earlier, Sonic Labs co-founder Andre Cronje listed<\/a> factors contributing to Ethereum’s “insufficient success” amid competing ecosystems. Fidelity experts described<\/a> Solana as a “serious competitor” to the second-largest cryptocurrency. A similar view was expressed<\/a> by JPMorgan.<\/p>\n

As reported, CryptoQuant highlighted<\/a> that the MVRV metric has entered a zone of strong undervaluation, falling below 1.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum’s 20% plunge over the past week has pushed its price below the upward trendline established after the Terra collapse. This technical development suggests the end of a three-year bull market, as noted by CoinDesk. The situation is exacerbated by the breach of the $2100 level, which had marked a point of bear exhaustion in […]<\/p>\n","protected":false},"author":1,"featured_media":21884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1253],"class_list":["post-21885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21885"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21884"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}