Ethereum Price Crash to $1,900 Sparks Fear of Wider Crypto Collapse: Liquidations, Sell-Offs & Panic!

Ethereum seemed to be on a positive trend the past few days, recovering from the significant February downturn. However, today the Ethereum price crash has shocked investors. This sharp decline is driven by a mix of market uncertainty, large-scale liquidations, and increased risk in the crypto lending sector. The fear of recession has also worked its magic, as the entire crypto market has seen a decline today, causing market-wide sell-offs  

U.S. Recession Fears Impacting Markets

The constant fears of a potential recession in the United States are heavily influencing the riskier markets like digital assets. Economic indicators have signalled that overall investor confidence is declining, with experts also warning about the current geopolitical situation. The term “Trumpcession” has emerged, reflecting anxieties about trade wars and inflation. This has caused massive problems for Ethereum, since it was already grappling with several issues related to its Layer-1 ecosystem. 

Massive Long Liquidations in the Crypto market

The market crash since yesterday has witnessed huge liquidations. Over the past 24 hours, around $175 million worth of cryptocurrency was liquidated across various tokens. Ethereum accounted for nearly $30 million of those liquidations. This wave of market exits was largely the long-term holders closing their positions due to price declines. This has exacerbated the downward pressure on ETH’s value.

Liquidation Risks Loom for ETH-Backed Crypto Loans Haunts ETH

To add to Ethereum’s woes, many crypto loans backed by Ethereum are facing liquidation risks. As the Ethereum price continues to abandon critical support levels, borrowers may be forced to sell off their positions. This affects not only retail investors but also raises questions about the stability of these crypto-lending platforms. 

As only negatives appear in today’s Ethereum news, producing any favourable buying pressure will be difficult for the token. Let us take a deep look at the current performance and try to make the ETH price prediction for today. 

Ethereum Price Analysis: ETH Dives Off Cliff, Holds Around $1,900 

The chart reveals that ETH has had a terrible day. The Ethereum price started at $2,000 yesterday, with an uptrend taking it to $2,034 within four hours. However, strong resistance at $2,035 was seen. ETH found strong support at $2,018, and it looked like ETH was set for success. However, ETH’s final attempt at the resistance came at 10:00 AM UTC. Failure to skip across led to a downfall, as Ethereum again fell into sub-$2,000 levels. However, it was able to find support close by at $1,990. Ethereum soon recovered, but failed to go beyond $2,026.

Chart 1: analyzed by raodevansh18, published on TradingView, March 28, 2025

Ethereum slumped and entered a trading range, hoping for an upward breakout. But the upward movement kept getting throttled, as the resistance trendline kept falling. A bearish triangle formed, and a price decline looked imminent. However, investors were left shocked by the huge downward spike that appeared afterward, at 04:15 AM UTC. The ETH price plunged, going all the way to $1,900. Some recovery was seen, but the price continued to decline, as panic sell-offs ensued. A golden cross did appear at 5:50 UTC, but the price continued to decline. As of the last update, ETH had found support at $1,905. The resistance trend line was seen dropping again.

ETH Price Prediction: ETH’s Dismal Show Shocks Investors, Faces Brunt of Market Crash

The crypto market crash effect on Ethereum has been massive The previous comeback now seems like it was the calm before the storm. With poor buying pressure, it will be a difficult way forward for Ethereum. As the resistance trend line falls again and another bearish triangle forms, ETH is bound to go below $1,900 today. Further price action will depend on how quickly it finds support. All in all, the coming day may have a few more surprises for investors.