Ethereum's imminent fall: Trader predicts historic 91% devaluation against Bitcoin
Renowned cryptocurrency analyst and trader Ali Martinez, known for his assertive predictions, shared a technical analysis on the largest altcoin on the market, Ethereum (ETH). The expert issued a worrying warning: ETH may be about to suffer a drastic devaluation in relation to Bitcoin (BTC).
In his analysis, Martinez noted a bearish pattern emerging on the monthly chart of the ETH/BTC pair. According to the expert, Ethereum could plummet by up to 91% from current levels, reaching the 0,0020 BTC mark. This alarming prediction by the expert was based on the indication of a possible double top, or “M,” pattern on the pair’s inverted chart, a classic indicator of a bearish reversal.
“From this angle, the $ETH/$BTC trading pair could be heading towards 0,0020!” Martinez wrote while sharing the pair’s chart.
From this angle, the $ ETH / $ BTC trading pair could be headed to 0.0020!
— Ali (@ali_charts) April 2, 2025
The situation is made worse by data from the analytics platform Santiment, which reveals a significant selling movement by Ethereum whales. In the last two weeks, around 760.000 ETH, valued at approximately US$ 1,42 billion, were evicted in the market. In addition, whale activity on the Ethereum network suffered a drop of 63,8% in the last five weeks, signaling a growing disinterest from large investors.
“Since February 25, the number of large Ethereum $ETH transactions has dropped by 63,8%, signaling a drop in whale activity on the network,” Martinez said.
At the time of publication, Ethereum’s price was trading at $1.792,38, down 3.9% over the past 24 hours. The asset is down 11.5% over the past week, while its monthly decline is 15%. Ethereum (ETH) trading volume was $25.302.432.221 over the past 24 hours, representing a 69,60% increase from a day ago and signaling a recent surge in market activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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