Ethereum (ETH) Struggles as ETF Outflows Hit $409M; Whale Deposits 6,131 ETH Amid Market Panic. Is a Deeper Selloff Ahead?

The wider cryptocurrency market opened the last week of the first quarter of 2025 with a bearish outlook.

The cryptocurrency market started the last week of the first quarter of 2025 with a bearish outlook as the crypto market experienced a bearish outlook on Monday, during the early Asian session.

The crypto market experienced a bearish outlook on Monday, during the early Asian session, after Chinese and Japanese stock markets recorded notable losses. The total crypto market cap slipped nearly four percent in the past 24 hours to hover about $2.74 trillion at the time of this writing.

On the other hand, macro and technical indicators continue to highlight a bleak outlook for Ethereum (ETH) price in 2025. As the U.S. spot Ether ETFs posted a monthly net cash outflow of nearly $409 million in March 2025, a major ETH whale deposited 6,131 ETH to Binance.

Ethereum Price Analysis: ETH Risks Deeper Sell-Off

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

Amid the rising fear of further market volatility, on-chain data shows a major whale deposited 6,131 ETH, worth about $10.94 million, to the Binance exchange earlier today.

A whale just deposited 6,131 $ETH($10.94M) to #Binance.https://t.co/djmpW9x9aE pic.twitter.com/ta6Zvbwq4e

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.

What Next?

After experiencing 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.

As more investors flee the crypto market to the gold and stablecoins market, Ethereum price faces major headwinds in the coming quarter.

Ahead of the April 2, reciprocal tariff by the United States, the fear of further crypto selloff is palpable across global markets.