Last updated on March 31, 2025
Ethereum cryptocurrency, ether, has experienced a significant decrease in value since the beginning of February, falling by almost 50%, according to the data from Coinmarketcap. At the end of March, Ether traded around USD 1820, which is a decrease of about 40% compared to the peak in February. Reduction of the economic situation also affected the share in the Ethereum market, which has dropped from about 20% to about 18% since the beginning of the year, marking the lowest level from the end of 2020, as reported by the Cryptocompare market analysis tools.
According to the perceptions of market analysts under the number of market analysts under this, several factors contributed to this decline, including a wider deterioration of the economic situation on the cryptocurrency market and concerns about the upcoming update of the Ethereum network TradingView. In addition, global economic uncertainties and continuous commercial tensions between the main economies suppressed the risk moods on the cryptocurrency market, as noted in economic reports with Bank of Canada.
Despite these challenges, some investors in Canada are still gathering ether, according to transaction data from the Canadian exchange of cryptocurrencies. However, the market has not shown significant signs of recovery. Technical indicators suggest that the price of the ether may potentially drop below USD 1,500 in April, which is a further 20% decrease compared to current levels, in accordance with Bloomberg Intelligence analysis.
There is a reflection potential if the ether can maintain the current level of support of around USD 1800. Recovery from this point may annul the technical bears and lead to the creation of a double DNA, potentially driveing ​​the price to $ 2,500 to April, which is an increase of 35% in relation to its current value, in accordance with ETORO technical analysis.
For Canadian investors, the Ethereum variability on the market emphasizes the importance of thorough research and conscious decision -making in cryptocurrency investments. Because the market is constantly changing, maintaining a solid investment strategy is crucial, in accordance with the recommendations of financial experts in Canadian securities administrators.
