{"id":51157,"date":"2025-03-11T07:54:43","date_gmt":"2025-03-11T07:54:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51157"},"modified":"2025-03-11T07:54:43","modified_gmt":"2025-03-11T07:54:43","slug":"ethereum-double-trouble-eth-prices-fall-below-1800-price-crash-amid-testnet-attack","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51157","title":{"rendered":"Ethereum Double Trouble: ETH Prices Fall Below $1,800 Price Crash Amid Testnet Attack"},"content":{"rendered":"

Crypto market capitalization has tanked to its lowest point since early November with $240 billion getting wiped out over the past day.<\/p>\n

This has resulted in a 6% fall to $2.6 trillion as all post-US election gains have now been wiped out.<\/p>\n

Ethereum has taken the brunt of the fall, losing a whopping 16% over 12 hours as it fell from around $2,140 to just below $1,800. Moreover, ETH is struggling to recover and was trading at $1,860 at the time of writing.<\/p>\n

ETH Death?<\/h2>\n

The last time Ethereum traded below $1,800 was in October 2023, when it was slowly emerging from the two-year-long bear market.<\/p>\n

There is solid support at current levels, which must be held to prevent the asset from tanking back to bear market lows following the formation of what appears to be a double-top chart pattern.<\/p>\n

Analysts have warned<\/a> that if support here is lost, ETH could fall as low as $1,200<\/a>.<\/p>\n

<\/a><\/p>\n

Ethereum is currently down a painful 62% from its all-time high in 2021, and the ETH\/BTC ratio \u2013 which is a measure of the price of ETH in terms of Satoshis \u2013 is at its lowest level since December 2020, having fallen to 0.023 today,\u00a0according<\/a> to Tradingview.<\/p>\n

Only Dogecoin (DOGE) had heavier losses than Ethereum in the crypto top twenty today, with the memecoin melting by 11%.<\/p>\n

It does beg the question of who would be selling ETH at $2,000 and the answer appears to be whales<\/a> that are trying to avoid being liquidated, according<\/a> to Lookonchain.<\/p>\n

<\/a><\/p>\n

Needless to say, the Ethereum derision and FUD had escalated to new heights on Crypto Twitter as traders and investors licked their wounds.<\/p>\n

Ethereum Testnet Attacked<\/h2>\n

The ETH angst has been exacerbated by problems with Pectra testing and an unknown attacker sending zero-token transfers, causing empty blocks.<\/p>\n

On March 9, Ethereum developer Marius van der Wijden said<\/a> the issue had been fixed:<\/p>\n

\u201cWe suspected that the attacker was reading some of our chats, so we decided not to publicize the fix, but only update a few nodes that we controlled in order to get more full blocks on the network,\u201d<\/p>\n

The post Ethereum Double Trouble: ETH Prices Fall Below $1,800 Price Crash Amid Testnet Attack<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Crypto market capitalization has tanked to its lowest point since early November with $240 billion getting wiped out over the past day. This has resulted in a 6% fall to $2.6 trillion as all post-US election gains have now been wiped out. Ethereum has taken the brunt of the fall, losing a whopping 16% over […]<\/p>\n","protected":false},"author":0,"featured_media":51158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51157"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51157"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51158"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}