PANews reported on March 31 that Matrixport officials said that the price of Ethereum has fallen by 50% since it hit a high of $3,668 on January 7, 2025. Currently, the on-chain activity of the Ethereum ecosystem has slowed down significantly, the fundamentals are weak, the demand for ETH continues to be sluggish, and the market sentiment is clearly bearish.
With multiple key risk events approaching, the derivatives market has begun pricing in a 10% volatility (regardless of direction) in the next week. Notably, Ethereum prices are approaching the lows of FTX’s bankruptcy, and FTX is expected to begin paying major creditors on May 30, 2025.
