Ethereum price faces potential drop amid mixed market sentiment and recent trends

Ethereum’s price recently hit a yearly low of $1,996, leading to significant liquidations and a 10.31% drop in futures open interest. Analysts are divided on its future, with some suggesting a potential 42% decline to around $1,200 due to a confirmed double top pattern, while others see the upcoming Pectra upgrade as a possible catalyst for recovery. Currently, only 26% of Ethereum addresses are profitable, indicating widespread investor losses amid a prolonged downtrend.

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Ethereum MVRV Hits Lowest Level Since October 2023 Amid Market Downturn

On March 5, 2025, Ethereum’s MVRV ratio fell to 1.01, its lowest since October 2023, indicating it may be undervalued as it traded at $2,345. The trading volume decreased to $15.7 billion amid a broader market downturn, with active addresses dropping by 5% to 450,000. Despite a bearish short-term trend, the long-term outlook remains bullish, as the ETH/BTC pair saw a slight increase, suggesting a shift in investor preference.

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Dogecoin Signals Potential Reversal with Dragonfly Doji Pattern

On March 5, 2025, Dogecoin (DOGE) formed a Dragonfly Doji pattern, indicating a potential market reversal despite a slight price drop to $0.078. Trading volume decreased by 15%, but a 10% rise in active addresses and a bullish MACD crossover suggest growing interest and possible upward momentum.The DOGE/BTC and DOGE/ETH pairs also exhibited similar patterns, while major cryptocurrencies like Bitcoin and Ethereum saw modest gains. With the RSI nearing oversold territory and increased transaction volume, traders are advised to watch for confirmation of a reversal, particularly if DOGE surpasses the $0.082 resistance level.

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Bitcoin Faces Major Resistance Between Ninety Five Thousand and Ninety Eight Thousand

Market intelligence platform IntoTheBlock identifies a significant supply wall for Bitcoin between $95,400 and $98,200, where approximately 2.29 million addresses hold 1.66 million tokens. As many investors are currently at a loss, this range may act as a resistance level if the price retests it. Bitcoin recently fluctuated around $90,700 after nearing $95,000, raising concerns about whether demand can surpass potential selling pressure from underwater holders.

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Ethereum Pectra Upgrade and Leadership Changes Amid Market Challenges

Ethereum’s upcoming Pectra upgrade on March 5 aims to enhance the network’s scalability and reduce long-term selling pressure, potentially setting the stage for a market rally. Despite a 32% price drop in February, analysts suggest that the upgrade, along with an increase in validator staking limits, could bolster investor confidence.In response to community concerns over competition from high-throughput chains and layer-2 solutions, the Ethereum Foundation has announced a leadership change, appointing Hsiao-Wei Wang and Tomasz Stańczak as co-directors. This shift aims to strengthen Ethereum’s position in the evolving crypto landscape.

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Ethereum Pectra Upgrade May Spark Next Market Rally Amid Leadership Changes

Ethereum’s upcoming Pectra upgrade on March 5 is expected to alleviate long-term selling pressure and enhance the network’s scalability, potentially paving the way for a market rally in 2025. Despite a 32% price drop in February, analysts suggest that the recent correction may set the stage for a rebound, drawing parallels to the 2017 cycle.In response to community concerns about competition from layer-2 solutions and high-throughput chains, the Ethereum Foundation has announced a new leadership structure with co-directors Hsiao-Wei Wang and Tomasz Stańczak, effective March 17. This change aims to bolster investor confidence and strengthen Ethereum’s position in the evolving crypto landscape.

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Crypto Losses Highlight Risks Beyond Theft According to Ethereum Co-Founder

Ethereum co-founder Vitalik Buterin has highlighted the significant risk of losing crypto assets, which often occurs due to software bugs, lost devices, and forgotten passwords, rather than theft. Research indicates that a substantial portion of Bitcoin is lost, with estimates suggesting that 29% of its circulating supply is inactive for over five years. Notable cases include individuals who have lost access to thousands of Bitcoins due to password issues, underscoring the need for improved wallet security solutions in the industry.

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XRP Litecoin and PEPE Market Trends and Whale Activity Analysis

XRP, Litecoin, and PEPE are experiencing contrasting market trends. XRP has dropped 18% in a week, with analysts divided on its future, while Litecoin has surged due to whale accumulation, testing critical support levels. PEPE, despite being down 74% from its peak, is attracting whale interest, indicating potential for a rebound.

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Bitcoin Whales Accumulate 1.28 Billion Dollars as Prices Drop Below 90000

Large Bitcoin holders, defined as those holding at least 0.1% of the total supply, have shifted to a net buying mode, accumulating nearly 15,000 BTC as prices fell below $90,000. This change in the Large Holders Netflow indicator suggests a potential bullish outlook for Bitcoin, despite its recent 2% drop to $84,500.

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Whales Accumulate Dogecoin Amid Price Decline and Bullish Predictions

Dogecoin has seen a significant increase in whale activity, with over 530 million tokens purchased in three days, indicating strong long-term belief in the cryptocurrency. Despite a 42% drop this month, analysts predict a potential rally if DOGE surpasses $0.29124, targeting $0.50 to $0.60. Currently, Dogecoin is trading at $0.1881, down 7.87% in the last 24 hours.

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Bitcoin Mega Whales Lead Selling Amid Recent Price Decline

Bitcoin mega whales, defined as holders with over 10,000 BTC, have been the primary sellers during the recent price crash, offloading 25,740 BTC (approximately $2.3 billion) in just a week. This selloff began before the price decline, indicating that these large investors anticipated the downturn. Meanwhile, smaller entities have been accumulating Bitcoin, viewing the dip as a buying opportunity, while the Coinbase Premium Index suggests that American whales have significantly influenced the market dynamics.

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Avalanche AVAX Faces Critical Price Pressure Amid Market Decline

Avalanche (AVAX) is facing a critical price point near $20 amid a broader market decline, leading to panic selling and eroding support. Technical indicators show an oversold condition, yet bearish momentum persists, with a significant resistance zone at $23.60, complicating recovery efforts. The crypto fear and greed index has dropped to 35, reflecting extreme caution among investors, which may signal further market drops rather than a buying opportunity.

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