Causes of the Ethereum price crash: Market, geopolitics, technology & regulation

In einer dramatischen Wendung der Ereignisse stürzte der Ethereum Kurs unter die psychologische Grenze von 3.000 US-Dollar. Er sank auf einen Tiefstand von 2.800 US-Dollar, bevor er sich wieder auf sein aktuelles Niveau um 3.050 Dollar erholte. Dieser plötzliche Abschwung hat bei den Anlegern die Frage aufgeworfen, was einen so starken Absturz der zweitgrößten Kryptowährung der Welt ausgelöst hat.

Why did Ethereum price crash?

1. Market-wide turmoil

The crypto market as a whole experienced a massive downturn, with Bitcoin briefly falling below $60,000 and dragging down all major altcoins, including Ethereum.The prevailing mood of fear and uncertainty has led to widespread sell-offs across the industry.

2. Geopolitical tensions

Geopolitical tensions, such as Iran's recent attack on Israel, have exacerbated market volatility.During times of geopolitical instability, investors often seek to liquidate their assets, including cryptocurrencies, in favor of safe havens, resulting in increased selling pressure. In these times, an Ethereum forecast is very uncertain.

3. Technical corrections

Cryptocurrency prices have skyrocketed to unprecedented heights in recent months, fueled by speculative enthusiasm and institutional interest.However, such a rapid price increase inevitably leads to overvaluation, which leads to profit-taking and corrections in the market. The chart below shows how the entire cryptocurrency in dollar terms has been moving higher without any significant correction until recently. Breaking the triangle could trigger further declines.

4. Regulatory uncertainty

The crypto market has been rocked by renewed regulatory scrutiny, with the SEC targeting prominent players like Uniswap. Regulatory actions against crypto companies have fueled uncertainty and concern among investors and contributed to downward pressure on the Ethereum price.

Ethereum price forecast: Will Ethereum crash to $2,000?

Strong support at $3,000

The $3,000 level has historically served as strong support for Ethereum, cushioning the price during times of market turmoil.However, sustained selling pressure could break this support and trigger further bearish momentum, worsening the Ethereum forecast.

Possible course goals

If Ethereum fails to stay above $3,000, the next key support levels to watch are $2,600, $2,200, and $2,000. A break of these levels could signal a deeper correction and pave the way for a possible decline to $2,000, although this scenario remains speculative and depends on various market factors.