ETH down 6.7% after crypto ‘Black Monday,’ showing more resilience than alts

Ethereum (ETH) faced a decline of about 6.7% following a significant market crash on Friday, described as a crypto ‘Black Monday’. During this event, many alternative cryptocurrencies experienced drastic losses, some plummeting over 95%. In contrast, ETH managed to dip to a low of approximately $3,510 before rebounding to around $3,800, demonstrating relatively greater resilience amidst a market downturn that resulted in the liquidation of nearly 1.6 million traders. The relative strength index (RSI) is nearing oversold conditions, potentially indicating an impending price reversal. Recent data shows that ETH is down over 22% from its peak in August. Despite the recovery, heightened sell pressure is anticipated, evidenced by the highest exchange inflow levels recorded in 2025. Moreover, there has been an increase in withdrawals from Ethereum's staking queue, suggesting validators may exit but not necessarily sell immediately. Investment analysts speculate whether ETH could recover significantly or continue facing downward pressure in the near future.

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