{"id":18988,"date":"2025-03-25T13:47:42","date_gmt":"2025-03-25T13:47:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18988"},"modified":"2025-03-25T13:47:42","modified_gmt":"2025-03-25T13:47:42","slug":"a-record-6-million-eth-bought-between-1800-and-2000-will-ethereum-defi-recover","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18988","title":{"rendered":"A Record 6 Million ETH Bought Between $1,800 and $2,000: Will Ethereum DeFi Recover?"},"content":{"rendered":"<div>\n<p><em>Ethereum price surges as $1,800-$2,000 signals a strong Ethereum support level. Will ETH hit $3,000 driven by a resurgence in Ethereum DeFi?<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">Ethereum crypto is on the cusp of reversing sharp losses posted on March 10 and breaking above a two-week range. This development will mark a major shift for buyers who, in recent weeks, have had to watch as ETH prints discouraging lower lows, trailing some of the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">best meme coins to invest in 2025<\/a>. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Coingecko<\/span><\/a><span data-preserver-spaces=\"true\">, the second most valuable coin is firm, and up by over 8% as it trends above $2,000. If the uptrend continues today, it may become among the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">best cryptos to buy<\/a>.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/www.tradingview.com\/x\/K6oujtPB\/\" width=\"1499\" height=\"859\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/x\/K6oujtPB\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSDT<\/a>)<\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethereum Price Breaks $2,000 As Demand Spikes<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With prices above $2,000, optimism is high that the coin could register even more gains, considering the importance of the zone between $1,800 and $2,000 on the Ethereum price prediction 2025. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On X, one analyst observes that over three million investors collectively bought more than six million ETH between $1,886 and $1,944. This unprecedented accumulation level at this zone means that this price range is a critical Ethereum support level and could be an area where the coin recovers, assuming prices drop.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">More than 3 million investors bought 6.12 million <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ETH<\/a> between $1,886 and $1,944, making this the most important support level right now. <a href=\"https:\/\/t.co\/UlU6f4LjWu\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/UlU6f4LjWu<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1903977564764565685?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 24, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u00a0<\/p>\n<p><span data-preserver-spaces=\"true\">For buyers, this Ethereum support level is key. It could be the foundation for the next leg of higher highs, lifting ETH toward $3,000 and even $4,100. Technically, if yesterday\u2019s gains are confirmed in the coming few days, the Ethereum price may break above a descending channel. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If the breakout is with rising volume, it could signal a new formation that would lift ETH toward key resistance levels in the coming sessions.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Explore:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Ethereum Burn Rate Falling as Mainnet Demand Slows Down<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Even so, despite ETH finding support, on-chain activity has been falling in recent days. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Looking at the amount of ETH sent to burners, it is clear that fewer transactions are being processed on-chain\u2014a worrying trend since the activation of the Dencun upgrade in March 2024. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After Dencun, the cost of transacting using Ethereum layer-2s fell by 99%. Since on-chain activity directly influences the amount of ETH taken out of circulation, the fewer ETH burned, the more the coin becomes inflationary.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Data from UltraSoundMoney <\/span><span data-preserver-spaces=\"true\">reveals<\/span><span data-preserver-spaces=\"true\"> that just 53 ETH were burned on March 22, the lowest since the activation of EIP-1559 in September 2021. Most burns are from ETH transfers, though a big portion of coins were burned from NFT activity in 2021.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-218943 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957.png\" alt=\"Ethereum price surges as $1,800-$2,000 signals a strong Ethereum support level. Will ETH hit $3,000 driven by a resurgence in Ethereum DeFi?\" width=\"1613\" height=\"837\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957.png 1613w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957-300x156.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957-1024x531.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957-768x399.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957-1536x797.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-25T125117.957-50x26.png 50w\" sizes=\"auto, (max-width: 1613px) 100vw, 1613px\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/ultrasound.money\/?timeFrame=since_burn\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">This trend also suggests a low demand for block space. This is despite Ethereum developers increasing the block space limit for the first time in more than three years earlier this month.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">World Liberty Financial Launches Stablecoin: Will Revive Ethereum DeFi? <\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Unless meme coin activity on the base layer resumes, mainnet demand will likely remain low. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Whether ETH demand will be driven by meme coins, NFTs, or DeFi in the coming months remains to be seen. What\u2019s clear is that Solana is now the choice platform for meme coin developers. Meanwhile, despite decreasing activity, Ethereum dominates DeFi.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">World Liberty Financial is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/etherscan.io\/token\/0x8d0d000ee44948fc98c9b98a4fa4921476f08b0d\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">launching<\/span><\/a><span data-preserver-spaces=\"true\"> USD1, a stablecoin, on Ethereum and the BNB Chain. The decision to deploy on Ethereum and the BNB Chain may support prices.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This trend suggests that crypto and stablecoin laws in the United States might be drafted and enforced sooner rather than later. When addressing the Digital Asset Summit on Friday, President Trump urged Congress to approve stablecoin regulations. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Clear stablecoin laws is a priority, as David Sacks <a class=\"general-link\" title=\"Who is David Sacks? Here\u2019s Everything You Need to Know About Trump\u2019s New Crypto Czar\" href=\"https:\/\/99bitcoins.com\/news\/who-is-david-sacks-heres-everything-you-need-to-know-about-trumps-new-crypto-czar\/\" rel=\"\">said<\/a> earlier this year.<\/span><\/p>\n<p><strong>Explore: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\">Top Solana Meme Coins to Buy in March 2025<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Ethereum Price Surge: 6M ETH Bought Between $1,800-$2,000, Will Ethereum DeFi Recover?<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Ethereum Price Eyes $3,000 After Breaking $2,000 Resistance<\/span>\u00a0    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Over 6 million ETH bought between $1,800 and $2,000. Bullish for Ethereum price prediction 2025?<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">World Liberty Financial stablecoin launch a boost for Ethereum DeFi<\/span>\u00a0    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/a-record-6-million-eth-bought-between-1800-and-2000-will-ethereum-defi-recover\/\">A Record 6 Million ETH Bought Between $1,800 and $2,000: Will Ethereum DeFi Recover?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price surges as $1,800-$2,000 signals a strong Ethereum support level. Will ETH hit $3,000 driven by a resurgence in Ethereum DeFi? Ethereum crypto is on the cusp of reversing sharp losses posted on March 10 and breaking above a two-week range. This development will mark a major shift for buyers who, in recent weeks, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18988","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18988"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18988\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}