Here's why the Ethereum price is crashing and its forecast
Portfolio Pulse from
Ethereum (ETH) experienced a significant price drop of over 6% on Friday, falling to $1,880, driven by hot US inflation data and technical chart patterns. The core PCE index rose to 2.8%, indicating persistent inflation and potential longer-held interest rates. Ethereum is facing challenges in market share across DeFi, NFTs, and decentralized exchanges, while ETF inflows remain weak.
March 28, 2025 | 6:30 pm
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ETH faces potential downside to $1,537 due to inflation concerns, weak ETF flows, and bearish technical chart patterns.
Multiple factors suggest bearish momentum: rising inflation, potential longer interest rates, weak ETF inflows, and technical chart patterns indicating a potential price decline.
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IMPORTANCE 90
RELEVANCE 100