TLDR
- ETH fell 6.7% in 24 hours during the crypto market crash.
- Some altcoins lost more than 95% of their value during Friday’s sell-off.
- Ethereum’s 200-day EMA helped it bounce back above $3,800 after the crash.
- A record $10 billion in ETH withdrawals could signal future selling pressure.
Ethereum (ETH) showed greater resilience during the “Black Monday” crypto market crash compared to many altcoins, which suffered massive losses. While ETH fell 6.7%, some altcoins lost more than 95% of their value. The crash, triggered by a sudden market shift following President Donald Trump’s tariff announcement, resulted in one of the largest liquidation events in crypto history. Despite this, ETH’s performance was significantly more stable than most others.
ETH’s Resilience in the Face of Market Carnage
Ethereum, the second largest cryptocurrency by market capitalization, faced a notable decline of 6.7% following the stock market crash. However, this decline was less severe than many altcoins, which saw declines of over 95%. This indicates that ETH has maintained relatively better stability in an otherwise tumultuous market.
The crash was triggered after President Donald Trump announced new tariffs, causing panic in global markets. ETH price fell to $3,510 on Friday, a 20% drop in 24 hours. This sharp decline brought ETH closer to its 200-day exponential moving average (EMA), a key support level that has helped the cryptocurrency recover somewhat. By the end of the day, the ETH price rebounded above $3,800.
The scale of the “Black Monday” crypto crash
The stock market crash, often referred to as “Black Monday,” caused chaos in the cryptocurrency industry. Nearly 1.6 million traders were liquidated, resulting in losses of over $20 billion in a single day. This sell-off was triggered by fears surrounding a trade war between the United States and China, which has deeply affected global markets, including crypto.
Altcoins have been particularly hard hit during this downturn. Many smaller coins saw their value drop by 70% or more, and some even saw losses approaching 95%. Although ETH saw a notable decline, it performed much better than long-tail altcoins, many of which are now struggling to recover.
FX Flow and Potential Selling Pressure
Ethereum price action is closely tied to levels of exchange inflows, which may signal increased selling pressure. Over the weekend, Ethereum saw an increase in exchange flows, reaching the highest level recorded in 2025. This means that more ETH was sent to exchanges for potential sale, which could put downward pressure on the price in the short term.
Despite these inflows, analysts noted that Ethereum’s fundamentals remain strong. Increased FX flows do not necessarily indicate that investors will sell, as some might simply move their assets for safety or liquidity. Additionally, in October, a record $10 billion was removed from Ethereum’s staking queue, which could also impact the price of ETH as validators may decide to exit their positions.
The way forward for ETH
Although the stock market crash dealt a major blow to many cryptocurrencies, Ethereum’s performance suggests it could be positioned for a recovery. Analysts predict that ETH could see a return to $5,500 after bottoming out during the downturn. This is largely due to the high market adoption of Ethereum and the continued development of decentralized finance (DeFi) and smart contracts.
However, potential selling pressure remains a factor to consider. Current market dynamics, including exchange inflows and staking withdrawals, could influence the price in the coming days and weeks. Although ETH has shown resilience, it will need to deal with these pressures in order to regain bullish momentum.
