Ethereum Price Crash Sparks Massive Whale Liquidations Amid Crypto Turmoil

The crypto market experienced a whirlwind last Sunday evening, with ETH prices sliding by more than 10%, from above $1,800 to approximately $1,500.

Last Sunday evening saw a whirlwind in the crypto market, with ETH prices tumbling more than 10% in a single evening, sliding from above $1,800 to around $1,500. The sell-off triggered liquidations of 67,570 ETH, approximately worth $106 million, on Maker from the major Ethereum whale.

The market followed in Ethereum’s footsteps, forcing Bitcoin prices below $78,000, with the market cap taking an 8% hit down to $2.6 trillion. Amid all this turbulence, some whales sought to take advantage of the price drop to add to their positions in ETH, substantiating the continuous volatility and strategic moves that influence the forces driving the market.

Ethereum Price Crash Sparks Massive Whale Liquidations Amid Crypto Turmoil

As reported by Benzinga earlier, Ethereum was sliding down below the $1,800 mark, dropping to the level of $1,500 within hours, losing 10% of its price. The massive decline resulted in the liquidation of around 67,570 ETH, valued at around $106 million, from a whale on the DeFi platform Maker. Liquidation was triggered when the collateralization ratio of the Ethereum whale fell below the required levels, leading to an automated sellout.

Also on the back foot, the cryptocurrency market suffered a hit, dragging Bitcoin below $78,000 and decreasing total market capitalization by 8% to $2.6 trillion. XRP, Solana, and Cardano fell as much as 11%, riding the bearish wave ignited by many geopolitical and economic concerns. Importantly, the ETH/BTC pair fell to its lowest-value level since March 2020 at 0.021.

Some whales have taken the falling prices as an opportunity to increase their accumulation of ETH. The whale dubbed 7 Siblings acquired 24,817 ETH for $42 million, raising its total holding to over 1.2 million ETH. Despite the calculated accumulation, analysts still warn that market turbulence poses a threat, with further downside risks. This incident highlights the precarious state of leveraged positions in DeFi protocols and how whales’ activities can substantially affect Ethereum’s price, influencing the overall dynamics of the market.

Ethereum Price Analysis of Last 24 Hours

The trading session of ETH moves in a downward channel-sloping because it could not break above the resistance level of around $1,818. This led to a very steep decline, which then established a support level at nearly $1,522, and now there is some price action that stabilizes; it could also be temporary. Momentum analysis shows that the MACD is indicating a bearish crossover, which is also defining negative market momentum.

Chart 1, analysed by anushrivarshney2613, published on TradingView, April 7, 2025

Currently, the crypto market displays an Ethereum price in lower highs and lower lows. An inverted support would see it hit initial resistance around the first $1,600 level tied to the upper trendline of the channel. The traders should thus follow crypto market movements, the bars of both RSI and chart patterns.

Navigating Uncertainty Amid Market Volatility

The latest Ethereum price crash, in which ETH nosedived from $1800 to $1500, triggered many questions concerning the future of the coin. The bearish mood in the short term persists due to macroeconomic and liquidation events as evils of blame; yet, some argue that in the long-term picture, Ethereum hangs closely to major support levels and the particular trend of the entire market.

Current predictions for 2025 suggest that ETH would trade reasonably within the range of $1500-$2500, subject to macroeconomic stability and the likelihood of a bull run. Whales are still key players when it comes to the vagaries of the market; some took this opportunity to buy the dip while facing short-term losses. If Ethereum manages to hold vital support zones and capitalize on institutional adoption or ETF approvals, it can start a recovery to higher price levels.