{"id":630161,"date":"2025-02-25T16:05:16","date_gmt":"2025-02-25T16:05:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=630161"},"modified":"2025-02-25T16:05:16","modified_gmt":"2025-02-25T16:05:16","slug":"ethereum-price-prediction-eth-nosedives-11-as-traders-turn-to-this-crypto-wallet-token-for-10x-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-nosedives-11-as-traders-turn-to-this-crypto-wallet-token-for-10x-potential","title":{"rendered":"Ethereum Price Prediction: ETH Nosedives 11% As Traders Turn To This Crypto Wallet Token For 10x Potential"},"content":{"rendered":"<p>The Ethereum price has plunged 11% in the last 24 hours to trade at $2,370 as of 7 a.m. EST on a 61% pump in trading volume to $38 billion.<\/p>\n<p>The ETH price fell victim to a sweeping market rout that hit the majority of altcoins, with the overall crypto market down more than 6%.<\/p>\n<p>It also coincided with Binance reportedly selling around 25,000 ETH between 8:00 AM and 10:00 AM UTC at an approximate price of $3,200 per ETH, amounting to about $80 million in Ethereum transactions.<\/p>\n<p>The token swaps were primarily carried out with Symbolic Capital Partners and Wintermute.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#9989; Binance keeps selling massive amounts of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> &amp; <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> via market maker Wintermute.<\/p>\n<p>&#128680; Market makers are dumping to liquidate LONG positions. Forced selling or bigger play? &#129300; <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/SOL?src=hash&amp;ref_src=twsrc%5Etfw\">#SOL<\/a> <a href=\"https:\/\/t.co\/MTeC5geIu8\">pic.twitter.com\/MTeC5geIu8<\/a><\/p>\n<p>&mdash; Quyyik (@quyyik) <a href=\"https:\/\/twitter.com\/quyyik\/status\/1894172341040812239?ref_src=twsrc%5Etfw\">February 24, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Price Support Signals Potential Rebound On Support Zone<\/h2>\n<div class=\"flex-1 overflow-hidden @container\/thread translate-y-[2rem] -mt-[2rem] pb-[1.5rem]\">\n<div class=\"relative h-full\">\n<div class=\"flex h-full flex-col overflow-y-auto [scrollbar-gutter:stable]\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-7\" data-scroll-anchor=\"true\">\n<div class=\"m-auto text-base py-[18px] px-6\">\n<div class=\"mx-auto flex flex-1 text-base gap-4 md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn @xs\/thread:px-0 @sm\/thread:px-1.5 @md\/thread:px-4\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"3c943dba-58e5-4894-8800-c6434b42b87b\" data-message-model-slug=\"o3-mini\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p data-start=\"0\" data-end=\"578\">Ethereum (ETH\/USDT) is currently <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\">hovering<\/a> around a major support zone near $2,232 &ndash; $2,433, an area that has strongly supported price consolidation and potential rebounds. The market indicates a bearish bias, as seen by the breakdown from a descending channel (or &ldquo;bearish channel&rdquo;) and a failure to sustain momentum above resistance levels.<\/p>\n<p data-start=\"0\" data-end=\"578\">Despite these bearish signals, the support in this region remains critical, and the price reaction here will likely shape Ethereum&rsquo;s trajectory over the coming days and weeks.&nbsp;A key point of interest is the Relative Strength Index (RSI), now near 34.47, approaching oversold territory.<\/p>\n<p data-start=\"580\" data-end=\"1127\">The $2,232 &ndash; $2,433 zone is a pivotal point. If buyers manage to defend this region, Ethereum may attempt a rebound, with the first major upside target around $2,800, where recent price action has encountered selling pressure.<\/p>\n<p data-start=\"580\" data-end=\"1127\"><img decoding=\"async\" class=\"aligncenter wp-image-630213 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ETHUSDT_2025-02-25_14-59-34.png\" alt=\"Ethereum price\" width=\"1281\" height=\"545\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ETHUSDT_2025-02-25_14-59-34.png 1281w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ETHUSDT_2025-02-25_14-59-34-300x128.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ETHUSDT_2025-02-25_14-59-34-1024x436.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/ETHUSDT_2025-02-25_14-59-34-768x327.png 768w\" sizes=\"(max-width: 1281px) 100vw, 1281px\"><\/p>\n<p style=\"text-align: center;\" data-start=\"580\" data-end=\"1127\">ETHUSDT Analysis Source: Tradingview<\/p>\n<p data-start=\"580\" data-end=\"1127\">Beyond that, $3,200 is a stronger resistance level, reflecting prior peaks and a significant pivot area. A decisive move above $3,200 could signal a more pronounced bullish reversal, potentially attracting fresh buying interest and triggering a new leg up.<\/p>\n<p data-start=\"1694\" data-end=\"2121\">Conversely, a breakdown below $2,232 would weaken the market&rsquo;s structure and could invite additional downside toward $2,000 or even lower, as stop-loss orders get triggered and selling accelerates. In such a scenario, traders might look to lower support zones around $1,800 &ndash; $2,000 for potential accumulation, but sentiment would likely remain cautious until the market shows signs of stabilization.<\/p>\n<p data-start=\"2123\" data-end=\"2577\">A short-term bearish structure (descending channel break) versus a long-term consolidation support zone could spark a rebound if defended successfully. The RSI reading further underscores the possibility of a short-term bounce, but follow-through buying will be crucial to confirm any meaningful reversal.<\/p>\n<h2>Best Wallet Presale Zooms Past $10.5 Million &ndash; Next Crypto To Explode?<\/h2>\n<p data-start=\"0\" data-end=\"168\">Even as the Ethereum price plunges, investors are flocking to buy the <a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" rel=\"nofollow\">Best Wallet (BEST)<\/a> presale, which has already raised over $10.5 million in funding.<\/p>\n<p data-start=\"70\" data-end=\"379\">Best Wallet is a vast digital asset management platform supporting over 60 blockchains that allow users to manage multiple Web3 wallets securely.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128640; Tokens of the Week &#128640;<\/p>\n<p>Here are three trending tokens making waves right now:<\/p>\n<p>&#128313; <a href=\"https:\/\/twitter.com\/search?q=%24WEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$WEPE<\/a><br>&#128313; <a href=\"https:\/\/twitter.com\/search?q=%24SHADOW&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SHADOW<\/a><br>&#128313; <a href=\"https:\/\/twitter.com\/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OM<\/a><\/p>\n<p>Are you holding any of these? Let us know. &#128071;&#128064; <a href=\"https:\/\/t.co\/7XIqBSoTra\">pic.twitter.com\/7XIqBSoTra<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1892897349849989213?ref_src=twsrc%5Etfw\">February 21, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-start=\"70\" data-end=\"379\">One standout feature is its Upcoming Tokens section, which flags the hottest presales in the market to customers. It&rsquo;s established a good track record, recommending early meme coins like <a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\">Catslap (SLAP)<\/a>&nbsp;and Pepe Unchained (PEPU), which both delivered huge returns to early investors.<\/p>\n<p data-start=\"70\" data-end=\"379\">Its latest recommendation is&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\">BTC BULL Token (BTCBULL)<\/a>, a new meme coin that is giving away Bitcoin to token holders via milestone-based airdrops when the Bitcoin price hits new all-time highs.<\/p>\n<p data-start=\"70\" data-end=\"379\">Crypto analyst and YouTuber Crypto Gains, who has over 141K subscribers, predicts that BEST could surge 10X following its launch.<\/p>\n<p><iframe title=\"&#128293; Best Wallet: Token Presale! It's Like Investing In Metamask If That Had A Coin! EASY 10X?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/jN9c2Jh36DY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p data-start=\"70\" data-end=\"379\">Investors can also stake their BEST tokens for a huge 153% annual return. About 173 million tokens are already staked.<\/p>\n<p data-start=\"70\" data-end=\"379\">For those who are interested, BEST tokens can be purchased using either crypto or bank card.<\/p>\n<p data-start=\"70\" data-end=\"379\">Buy before a price hike in a bit more than one day for the best deal.<\/p>\n<p data-start=\"70\" data-end=\"379\"><a href=\"https:\/\/insidebitcoins.com\/visit\/bestwallet\" rel=\"nofollow\">Visit Best Token here.<\/a><\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/citadel-securities-ceo-ken-griffin-targets-crypto-market-amid-trumps-pro-digital-asset-stance\">Citadel Securities CEO Ken Griffin Targets Crypto Market&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-ethereum-dogecoin-plunge-amid-meme-coin-crash-as-fear-greed-index-hits-lowest-since-september\">Bitcoin, Ethereum, Dogecoin Plunge Amid Meme Coin Crash<\/a><\/li>\n<li><a 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