Ethereum takes a big hit – down more than 10%
Ethereum ($ETH) has joined $Bitcoin as one. Worst market crash of 2025,drop 10% or more in 24 hours and break below 4,000 dollar mark For the first time in recent weeks. Current price is almost constant $3,900after hitting a low near $3,436 During panic selling.
Following a sharp decline, Market-wide crash caused by President Trump’s 100% tariffs announcement About Chinascheduled to take effect on November 1, the measure sent shockwaves across global risk assets, from stocks to cryptocurrencies.
Chart analysis: ETH breaks major support
As seen in the attached chart, Ethereum experienced the following situation: giant red candlecollapses under it 50-day SMA (~$4,400) and cut out the important parts Supported by $4,356.
ETH/USD 1 day chart – TradingView
Key points from the chart:
- ETH plummeted 10.6% Weeks of profits can be wiped out in a day.
- The following major support exists $3,840, $3,500and $3,200.
- of 200-day SMA sit close $3,098If the decline deepens, it could be a long-term bottom.
This breakdown confirms the strong results bearish reversalas ETH failed to sustain the breakout and quickly reversed into a liquidation-driven dump state.
Altcoins join the crash
It wasn’t just $Ethereum — The entire altcoin market turned redtop assets are showing large double-digit losses.
- $BNB: Bottom 13.09%currently trading nearby $1,093
- $XRP: Bottom 17.16%sitting in $2.32
- Solana ($SOL): fell 14.31% to $189.21
- Tron ($TRX): Bottom 5.06% to $0.32
- Even top meme coins like $doge depressed 26.48%indicating the severity of the collision
Overall, More than $400 billion in market capitalization has disappeareddrag the total valuation of the virtual currency from above $4.1 trillion below $3.7 trillion before attempting a slight recovery.
why is the market crashing
The reason for the decline was breaking news President Trump has imposed 100% tariffs on all imports from China.effective November 1st.
This announcement raised the following concerns:
- a Rekindling of the US-China trade war,
- rising inflation rateand
- Global liquidity decline — All of which are bad for speculative assets like cryptocurrencies.
As investors rush into safer positions, A large amount of risk assets were releasedcausing a cascade of liquidations across the futures market.
What’s next for Ethereum?
Traders are currently ETH can hold $3,800 to $3,500 or more. If this range fails, the next stop could be: $3,200–$3,100is near 200 day moving average.
However, if Bitcoin stabilizes around this level, a quick rebound is still possible. $111,000 – $113,000 zone. In that case, ETH may retest $4,200 – $4,400 before regaining bullish momentum.
For now, the short-term outlook remains unchanged. bearishvolatility is expected to remain high through next week.
