ETH diverges sharply from BTC as Q1 drawdown widens
Ethereum bore the brunt of Q1’s crypto correction, shedding 44.83% of its value compared to Bitcoin’s more moderate 14.67% decline, as shown in data from IntoTheBlock.
Source: IntoTheBlock
The divergence underscores Ethereum’s vulnerability as risk appetites shift, regulatory concerns arise, and demand for Ethereum-based assets weakens.
While Bitcoin’s decline reflects broader macroeconomic volatility, Ethereum’s sharper drop indicates a confidence gap. Traders appear to be redirecting capital into Bitcoin, considered the “safer” cryptocurrency option.
Even traditional markets like the S&P 500 outperformed Ethereum, emphasizing its underperformance as one of the quarter’s most notable trends.
Exchange reserves hit new lows
Adding to Ethereum’s concerning quarter is a continued drop in exchange reserves, which have now fallen to just 18.4 million ETH — the lowest level in over three years, according to CryptoQuant data.
Normally, such a decline would be read as bullish, signaling long-term conviction and reduced sell pressure.
Source: Cryptoquant
The continued decline in ETH’s price tells a different story. A reduction in tokens on exchanges has not led to increased buying momentum.
Instead, it may indicate broader investor disengagement, a shift toward passive holding, staking, or even potential exit strategies.
While the supply is decreasing, investor confidence appears to be fading as well.
Ethereum: Caught in no man’s land?
Trading at $1,788 at press time, ETH sat just above a key psychological level of $1,750, with no clear signs of bullish momentum.
The RSI hovered at 36.7 — edging toward oversold territory, yet lacking enough buying pressure to spark a reversal. Meanwhile, the MACD was showing weak upward momentum, with the histogram barely flipping green.
Source: TradingView
The price has been range-bound for over two weeks, hinting at indecision rather than accumulation.
Unless ETH can reclaim the $1,850-$1,900 zone with volume support, downside risk remains. In the short term, a break below $1,750 could trigger a retest of $1,650.
ETH diverges sharply from BTC as Q1 drawdown widens
Ethereum bore the brunt of Q1’s crypto correction, shedding 44.83% of its value compared to Bitcoin’s more moderate 14.67% decline, as shown in data from IntoTheBlock.
Source: IntoTheBlock
The divergence underscores Ethereum’s vulnerability as risk appetites shift, regulatory concerns arise, and demand for Ethereum-based assets weakens.
While Bitcoin’s decline reflects broader macroeconomic volatility, Ethereum’s sharper drop indicates a confidence gap. Traders appear to be redirecting capital into Bitcoin, considered the “safer” cryptocurrency option.
Even traditional markets like the S&P 500 outperformed Ethereum, emphasizing its underperformance as one of the quarter’s most notable trends.
Exchange reserves hit new lows
Adding to Ethereum’s concerning quarter is a continued drop in exchange reserves, which have now fallen to just 18.4 million ETH — the lowest level in over three years, according to CryptoQuant data.
Normally, such a decline would be read as bullish, signaling long-term conviction and reduced sell pressure.
Source: Cryptoquant
The continued decline in ETH’s price tells a different story. A reduction in tokens on exchanges has not led to increased buying momentum.
Instead, it may indicate broader investor disengagement, a shift toward passive holding, staking, or even potential exit strategies.
While the supply is decreasing, investor confidence appears to be fading as well.
Ethereum: Caught in no man’s land?
Trading at $1,788 at press time, ETH sat just above a key psychological level of $1,750, with no clear signs of bullish momentum.
The RSI hovered at 36.7 — edging toward oversold territory, yet lacking enough buying pressure to spark a reversal. Meanwhile, the MACD was showing weak upward momentum, with the histogram barely flipping green.
Source: TradingView
The price has been range-bound for over two weeks, hinting at indecision rather than accumulation.
Unless ETH can reclaim the $1,850-$1,900 zone with volume support, downside risk remains. In the short term, a break below $1,750 could trigger a retest of $1,650.
Really enjoyed this! Your perspective is refreshing and thought-provoking. Keep it up!
1win moldova download https://1win5004.ru/ .
can i buy generic clomiphene tablets cost of cheap clomiphene without rx clomid sale where to get clomid without dr prescription can you get clomid without rx get clomiphene pills can you buy clomid pills
zithromax 250mg usa – buy generic ofloxacin 200mg brand flagyl 400mg
buy generic domperidone over the counter – domperidone online buy purchase flexeril pill
amoxiclav ca – atbioinfo ampicillin where to buy
nexium usa – nexiumtous order nexium online cheap
order prednisone for sale – https://apreplson.com/ oral deltasone 20mg
erectile dysfunction drug – fastedtotake.com best otc ed pills
buy amoxil generic – combamoxi amoxil for sale online
buy fluconazole 200mg online cheap – on this site fluconazole 200mg pills
lexapro usa – https://escitapro.com/ lexapro 20mg for sale
order cenforce generic – buy cenforce online cheap oral cenforce
buy cialis on line – https://ciltadgn.com/ how much is cialis without insurance
cialis 50mg – https://strongtadafl.com/# what is cialis used to treat
ranitidine pills – on this site ranitidine cheap
best mail order viagra – herbal viagra sale ireland buy viagra puerto vallarta
Greetings! Extremely gainful suggestion within this article! It’s the petty changes which liking turn the largest changes. Thanks a quantity in the direction of sharing! https://buyfastonl.com/gabapentin.html
With thanks. Loads of erudition! sitio web
I am in truth happy to coup d’oeil at this blog posts which consists of tons of worthwhile facts, thanks object of providing such data. https://ursxdol.com/propecia-tablets-online/
More articles like this would pretence of the blogosphere richer. https://prohnrg.com/product/loratadine-10-mg-tablets/
This is the kind of advise I find helpful. aranitidine
More posts like this would make the online elbow-room more useful. https://ondactone.com/product/domperidone/
I couldn’t weather commenting. Adequately written!
https://proisotrepl.com/product/domperidone/
Thanks recompense sharing. It’s outstrip quality. https://myvisualdatabase.com/forum/profile.php?id=118015
order dapagliflozin without prescription – https://janozin.com/# dapagliflozin 10mg brand