Ethereum (ETH) price opened the last week of the first quarter of 2025 with a bearish outlook.

The crypto market experienced a bearish outlook on Monday, during the early Asian session, after Chinese and Japanese stock markets recorded notable losses.

The broader cryptocurrency market opened the last week of the first quarter (Q1) of 2025 with a bearish outlook, as major outflows from U.S. spot Ether (ETH) ETFs signaled distress among crypto investors.

The total crypto market cap slipped nearly 4 percent in the past 24 hours to hover about $2.74 trillion at the time of this writing.

After a major resistance level of around $4,105, in the past 12 months, Ethereum price has been trapped in a bearish outlook. Following last week’s close below $1,907, which coincided with the 1.618 weekly Fibonacci Extension, Ether’s price has now confirmed a possible macro bear market, with a potential capitulation below $1,000.

U.S. spot Ether ETFs will record a monthly net cash outflow of nearly $409 million in March 2025, the first since October 2024.

The large-cap altcoin, with a fully diluted valuation of about $218 billion, has continued to suffer a more macro bearish outlook.

On-chain data shows a major whale deposited 6,131 ETH, worth about $10.94 million, to the Binance exchange earlier today.

The crypto behemoth, which is the world’s largest exchange by trading volumes, is known for its broad range of services and products, catering to diverse crypto traders and investors.

Meanwhile, another major whale crypto investor who leveraged long $110 million of ETH on MakerDAO is about to be liquidated if the altcoin drops to $1,793.

The DeFi lending platform, MakerDAO, permits users to borrow the stablecoin DAI by depositing Ether as collateral. At press time, the liquidator is about to take over $107.82 million of ETH and $900,000 of DAI, if the price of Ether drops to $1,793.

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