• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Under Pressure: Is 2020 Crash Repeating?

user avatar

by Giorgi Kostiuk

19 hours ago


Ethereum, the second-largest cryptocurrency, is experiencing a price drop reminiscent of March 2020. Notable trader Ted Pillows emphasizes that the asset's behavior almost fully replicates signs of the past crash.

Parallels with 2020

Ted Pillows, analyzing the current situation, claims that "the current capitulation candle" of Ethereum now reminds of the March 2020 collapse. The anticipated drop may reach $1400—$1600, suggesting that further decline may soon hit the market.

Temporary Drop and Rally Potential

Despite gloomy short-term forecasts, Pillows is optimistic about Ethereum's long-term trajectory. He predicts that during this cycle, Ethereum could reach $10,000, signifying a 530% increase from its current price. However, recent issues with ETF outflows and other fundamental aspects raise questions.

Critical Factors for Ethereum

Decisions by the Ethereum Foundation, such as reorganizing its governance structure and increasing reliance on DeFi protocols, aim for strategic development. Nonetheless, these moves do not ensure security from competition with other blockchains. The key question is whether Ethereum can overcome pressure and improve its market position. This will depend on ETF dynamics, strategic choices by the foundation, and overall market sentiment.

Ethereum is at a critical juncture. External and internal factors will determine whether the current drop marks the end of a bull cycle or an opportunity for future growth.

0

Share

Other news

How BNB Chain Supports Builders and Innovations in Blockchain

BNB Chain offers support programs for blockchain developers and startups.

user avatarGiorgi Kostiuk

a few seconds ago

Price Analysis: Changes in Ethereum, Ripple, Cardano, Solana, and Hyperliquid

Examining price changes in Ethereum, Ripple, Cardano, Solana, and Hyperliquid: key levels, support, and resistance.

user avatarGiorgi Kostiuk

a minute ago

Crypto News: Trump's Reserves, ByBit Hackers, Ronaldinho's Token

Key events in the crypto world: Trump's strategic reserves, ByBit attack, Ronaldinho's token.

user avatarGiorgi Kostiuk

a minute ago

Binance's New Governance Model: User Voting on Tokens

Binance empowers users to influence token listings via a new co-governance model.

user avatarGiorgi Kostiuk

2 minutes ago

The New Future of Pi Network: Discoveries and Achievements

Exploring Pi Network opportunities post-Open Mainnet launch and overview of key network applications.

user avatarGiorgi Kostiuk

3 minutes ago

Memecoins 2025: Platform Overview for Launches

Explore the top memecoin launch platforms of 2025, simplifying tokens and trading.

user avatarGiorgi Kostiuk

3 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.