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– Ethereum price drops 9% to $1,888 – analysts warn of possible $400 crash The price of Ethereum drops 9% to $1,888 – analysts warn of a potential $400 crash The price of Ethereum drops 9% to $1,888, raising fears of a further drop

analysts warn that ETH could crash to $400 if the bearish trend continues.

Whales are moving ETH to exchanges, signaling potential selling pressure.

the price of Ethereum fell 9% to $1,888 on March 11, adding to the ongoing sell-off. Analysts warn that ETH prices could fall as low as $400 if key support levels are not passed.

the price of Ethereum extended losses on March 11, falling 9% to $1,888. The price of the second-largest cryptocurrency has fallen more than 30% in a month and 50% in the past three months, raising fears of a deeper market decline.

cryptocurrency analyst Ari Martinez said Ethereum has fallen below a key trendline and if selling pressure continues, it could fall to $1,250. He warned that it could fall to $1.00.

Adding to the bearish outlook, analyst Ari Chart emphasized that Ethereum is currently testing a sell price at $2,060 based on the MVRV price range.If ETH fails to hold at this level, the next major support could be at $1,440. If ETH fails to hold at this level, the next major support could be at $1,440, putting further downward pressure on the asset.

The overall cryptocurrency market is experiencing increased volatility, with Coinglass reporting total liquidations of $246 million in the last 24 hours.

Cubit, vice president of blockchain at Yuga Labs, painted an even bleaker scenario for Ethereum: in a March 11 post on X’s website, he questioned whether ETH’s decline had just begun and claimed it was a true bear market.

Although many traders consider $1,500 to be a strong support level, Cubit says past trends suggest otherwise.

If this is a full-blown bear market, ETH still has room to fall, he wrote.

Martinez’s analysis supports this prediction, noting that ETH is coming out of a parallel channel. If this momentum continues, he believes a move towards USD 1,250 could become a reality.

Blockchain data shows that large investors are adjusting their strategies.Lookonchain is set to lower its liquidation price by 3,098 ETH (~. 5.608 million) was deposited into MakerDAO, signaling a large Ethereum Foundation transaction. The foundation’s wallet now holds 100,394 ETH ($182 million) in Maker and the liquidation threshold is $1,127.

At the same time, one of the first Ethereum ICO participants sent 7,000 ETH (~$12.94 million) to Kraken to transfer 7,000 ETH (~$12.94 million) to Kraken, which is often interpreted as a sign of impending selling pressure. Such transactions indicate that large holders are either preparing for a price drop or liquidating their positions in the face of uncertainty.

Additionally, according to DefiLlama, a further 20% drop in ETH could result in the liquidation of approximately $366 million in DeFi credits. This could add further risk to the current oversold condition.