😱😱😱 Ethereum Plummets: Hackers, Whales, and ETF Shenanigans! 😱😱😱

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Oh, the drama! Bitcoin, that venerable crypto king, took a rather undignified tumble of 4%, slipping from the giddy heights of $88.7K to a more modest $85.1K. And as if in a game of follow-the-leader, Ethereum, in its usual chummy fashion, decided to join the party, shedding a whopping 12% from its lofty perch of $2,104 to a more grounded $1,854.

On the 27th of March, 2025, the folks over at CryptoQuant.com decided to spill the beans on Bitcoin’s rather glum market prospects. It seems the big fish, or “whales,” as they’re so affectionately called, are yanking back on their leveraged bets. The Inter-exchange Flow Pulse (IFP) indicator, a sort of crypto seismograph, shows less Bitcoin flitting about from spot to derivatives exchanges. A clear sign, one must conclude, that the bigwigs are feeling less than chipper about the whole shebang.

And so, as Bitcoin continues its downward trajectory, poor old ETH finds itself under the cosh once more.

But wait, there’s more! The second act in this tragicomedy involves a rather large-scale offloading of 14,064 ETH, worth a cool $27.5 million, all in the name of stablecoin DAI. Rumor has it that these funds are linked to the Bybit hack, a little escapade that saw $1.4 billion go walkies back in February. Such a dump could well send ETH’s price spiraling downward faster than a lead balloon.

Hackers are dumping ETH

2 new wallets dumped 14,064 $ETH for $27.5 million DAI in the past few hours.

The amount was received from the Thorchain, Chainflip and it likely belongs to hackers.

When will this stop?

— Wise Advice (@wiseadvicesumit) March 28, 2025

Yet, in the face of all this doom and gloom, there’s a glimmer of hope. The Ethereum camp is still clinging to the belief that the SEC’s impending nod for staking will turn things around.

Bullish Ethereum Fundamentals, Breath Hope Amid Bearish Crypto Market Sentiment

In a curious twist, there’s been a sudden influx of Ethereum validators, all eager to join the network. This validator rush is like a beacon of light in the crypto fog, suggesting that investors and stakers are champing at the bit over the potential approval of Ethereum ETF staking. Could this be the magic bullet toETH’s revival?

This validator stampede implies that there’s still a healthy dose of optimism about Ethereum’s future prospects. After all, who wouldn’t want a slice of the pie after its 2024 rise from $2,300 to $3,300? Will ETH take a page from its own history book and soar to the giddy heights of $5,000?

Ethereum Price Prediction and Analysis

The Time Price Opportunity (TPO) chart is painting a rather interesting picture. Ethereum seems to be taking a breather in the composite value area, ranging from $1,874 to $1,924. Could this be the calm before the storm? Investors are keeping a keen eye for those bottoming signals to pounce on the next big thing.

But let’s not get ahead of ourselves. There are key resistance levels to consider before breaking out the champagne – $2,180, $2,236, and $2,362. These are the nPOC levels, the uncharted territories where the big boys play.

In the end, it’s all about playing the short game in this crypto madhouse, where the only certainty is uncertainty.

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2025-03-28 16:29