The cryptocurrency market kicked off the final week of the first quarter of 2025 on a bearish note. The bearish sentiment was triggered by losses in the Chinese and Japanese stock markets during the early Asian trading session. As a result, the total market capitalization of cryptocurrencies dropped by nearly 4 percent in the past 24 hours, settling around $2.74 trillion.
Ethereum (ETH) experienced a significant decline of over 9 percent last week, with its price hovering around $1,809 on Monday, March 31, 2025. The second-largest cryptocurrency by market cap, valued at approximately $218 billion, has been facing a broader bearish trend.
### Ethereum Whales Signals Distress
In a concerning development, U.S. spot Ether ETFs are expected to report a monthly net outflow of approximately $409 million in March 2025, marking the first such occurrence since October 2024. On-chain data revealed that a major whale recently deposited 6,131 ETH, equivalent to $10.94 million, into the Binance exchange earlier today.
Meanwhile, another prominent crypto investor who leveraged a long position of $110 million in ETH on MakerDAO risks being liquidated if the altcoin drops below $1,793.
### What Next?
Ethereum’s price has been struggling to break through a major resistance level of $4,105 over the past year, and after closing below $1,907 last week, the cryptocurrency confirmed a potential macro bear market. There are concerns that Ether could capitulate below $1,000 in the near future.
Amidst the growing fear of market volatility, investors are increasingly turning to traditional safe-haven assets like gold and stablecoins, leading to further pressure on Ethereum’s price. With the United States set to impose reciprocal tariffs on April 2, the anticipation of a broader selloff in the crypto market is causing unease among global investors.
The future trajectory of Ethereum remains uncertain, as it grapples with external market forces and internal challenges. Traders and investors are advised to exercise caution and closely monitor developments in the cryptocurrency space as the market continues to navigate through a period of heightened volatility.