The decline in Ethereum's value below $1,900 is significant due to the broader implications for the DeFi sector and market sentiment.
Ethereum's Market Status
On March 30, 2025, Ethereum's price fell to $1,895.32, according to CoinGecko. Exchange outflows surged 25% in 24 hours. Ethereum's Total Value Locked (TVL) in DeFi protocols shrank by 8.3%.
Vitalik Buterin's Retweet
Vitalik Buterin retweeted Ethereum researcher Justin Drake, underscoring Ethereum’s long-term potential. Former BitMEX CEO Arthur Hayes suggests the price dip is temporary, citing upcoming upgrades. GitHub shows ongoing developer activity.
Current Market Conditions
Market participants saw increased volatility with increased outflows. Such conditions led to further pressure on Ethereum's value and trader sentiment. Developers remain active, boosting long-term prospects.
Potential outcomes hinge on the successful execution of the upcoming Pectra upgrade. Historical trends suggest post-upgrade recovery, given active development and commitment to scalability.