Ethereum (ETH) is having a rough time, and the numbers don’t lie. Its relative value against Bitcoin (BTC) has plummeted to 0.0228 BTC per ETH, the lowest since May 2020. According to analyst Virtuos, this marks Ethereum’s worst quarter in ten years—a statement that has sent shockwaves across the crypto community.

Massive Selling Pressure Crushing ETH

The first quarter of 2025 has been nothing short of brutal for Ethereum. The second-largest cryptocurrency saw a staggering 47.6% drop, making it one of its worst performances in history.

January started off relatively stable with just a 1.3% dip,
February delivered a crushing 33% drop,
March added another 14% decline, leaving ETH deep in the red.

But the real concern? Ethereum’s sell pressure isn’t slowing down.

The Net Taker Volume, an indicator that tracks buying vs. selling pressure, remains deeply negative. This means that sellers are dominating the market, while buyers hesitate to step in—a pattern that even previous bear markets hadn’t seen so consistently.

With this historic downturn, investors are left wondering: Can ETH bounce back, or is this just the beginning of a long-term decline?

A Glimmer of Hope? Whales Are Buying the Dip

Despite the painful correction, not everyone is running for the exits. According to crypto analyst Ali Martinez, large-scale investors (a.k.a. whales) are taking advantage of the panic selling.

Over just five days, whales scooped up more than 420,000 ETH, worth a staggering $815 million.

Historically, such whale activity has been a precursor to major price reversals. Could this mean Ethereum is near its bottom, with a potential bounce ahead?

While the short-term outlook remains bearish, long-term investors are eyeing this as a buying opportunity. Whether Ethereum recovers from its worst quarter in a decade, however, remains to be seen. 🚀 or 📉? Time will tell.

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Madeline

I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.