cyrpto Alliance, cofounder, crashes, DAO, Ethereums, extreme, lows, matches, metric, technical Mark March 13, 2025 0 Comments

Ethereum’s technical metric matches extreme lows from 2016, 2018, and 2022 crashes, says Alliance DAO co-founder

While the current conditions of the Ethereum market resemble past extremes, the ETH is always the place “most likely” for institutional adoption, explains Qiao Wang of the Dao Alliance.

Ethereum (Ethn) The price gradually approaches a territory of occurrence, arousing concerns concerning its ability to reach its precedent of all time before the end of the current bull cycle. Cryptographic waves data shows that on March 13, ETH entered the weak zone and is now on the right track to move to the Surolon area already filled with altcoins as a tron (Trx), Manufacturer (Mkr), Lido (Ldo), and many others.

ETH is roughly at the same level of occurrence as during the collapse of Terra 2021, 2018 Deep Bear (“Two Digit Shitcoin”), and after the Hack Dao 2016.

It’s really difficult not to want to buy at these levels.

– QW (@qwqiao) March 12, 2025

Qiao Wang, the co-founder of Web3 Accelerator Alliance Dao, notes This ETH is almost at the same level of occurrence as during The collapse of Terra 20212018 Deep Bear, and the consequences of The 2016 Hack DAOWhen the DAO, after having collected $ 150 million from Ethly through a sale of tokens, was hacked due to vulnerabilities in its code base, adding that it is “really difficult not to want to buy at these levels”, although the depth of the ETH can fall before rectifying remains uncertain.

Like crypto.News reported Earlier, Ethereum’s price is in its third consecutive week in the red while investors remain on the sidelines. In addition to that, health data show that the number of daily active Ethereum addresses has continued to drop. The network had 293,000 addresses on March 12, against more than 717,000 earlier this year.

Whatever break the prospects are for a given asset, there is a price at which it is logical to own it. But to answer your question, if anything, ETH is always the most likely place for institutional adoption to occur. https://t.co/7x7sxvqp5o

– QW (@qwqiao) March 12, 2025

From now on, the path of the slightest resistance for ETH is lower, the initial target to look is at $ 1,500. A break below this level could see it fall to the next psychological support at $ 1,000, a drop of 45% compared to the current price. A decision above the level of key support at $ 2,500 would invalidate the downward perspective. Despite the negative feeling, the co-founder of the Dao Alliance thinks that ETH is always the “most likely place for institutional adoption to happen”.