Ethereum in 2025 
$3,884.92 has entered a critical turning point. After the severe market liquidation in recent weeks, the leading altcoin is allegedly at risk of falling below the $ 3,000 level. Last Friday’s crash triggered a massive liquidation that spread throughout the crypto market.
According to the data, more than $1.02 billion in positions were liquidated in just one day, while approximately 310,000 investors lost their positions. $269 million of these liquidations came from Ethereum alone. Although this led to a clearing of overleveraged transactions from the market, it also weakened the short-term market structure.
Technical Indicators Are Alarming
From a technical perspective, Ethereum’s momentum is rapidly weakening. ETH, which could not overcome the $ 4,200 resistance, made a sharp return from this level and fell to around $ 3,730. Moreover, it fell below the 100-day moving average, which it has been maintaining for months. Currently, the 200-day average at $3,500 stands out as a critical support point. If this level is broken, below $3,000 may become inevitable.
The Relative Strength Index (RSI) has fallen below the 40 level, indicating that selling pressure has intensified. In addition, the increase in transaction volume indicates that institutional investors and large investors known as “whales” tend to avoid risk. This is especially true for Bitcoin on Friday. 
$106,853.82It is considered as a result of the chain reaction that started with the rejection of ‘s price at $ 120,000.
Investor Sentiment is Negative
The “defensive tone” prevailing throughout the market suppresses Ethereum’s short-term recovery attempts. According to the data, ETH leveraged long positions were concentrated before the decline. This exacerbated the selling wave. According to analysts, the price may experience a short-term relief above $3,500 in the near term; but the general trend remains downwards.
Ethereum falling below $3,000 could lead to a redefinition of the medium-term trend. Especially if investor interest remains weak, we may face a period when the bull run stops completely. Experts note that the recent crash is not just a temporary correction, the market structure may fundamentally change.
Although Ethereum demonstrated strong momentum in the second quarter of 2025, the volatility experienced in recent weeks has seriously shaken investor confidence. Technical indicators show that selling pressure is still strong. If market sentiment does not change soon, it seems inevitable that Ethereum will sink below $3,000. This is an important signal that will determine the direction of not only the price but also the entire altcoin market.
