Home Finance Ethereum Shows Relative Strength After Market’s $20B ‘Black Monday,’ Outperforming Hard-Hit Altcoins
Finance

Ethereum Shows Relative Strength After Market’s $20B ‘Black Monday,’ Outperforming Hard-Hit Altcoins

Share
A physical, gold-colored Ethereum Classic (ETC) coin is shown against a red, bearish financial chart with downward-trending lines and data. The image represents the broader cryptocurrency market's downturn, setting the context for an October 2025 article where Ethereum (ETH) showed relative strength compared to other altcoins during a 'Black Monday' event.
Share

Ethereum Shows Relative Strength After Market’s $20B ‘Black Monday,’ Outperforming Hard-Hit Altcoins

In the aftermath of Friday’s historic market crash, which triggered a record $20 billion in liquidations, Ether () is demonstrating notable resilience compared to the broader altcoin market. While the asset is down approximately 6.7% over the past 24 hours, its performance stands in sharp contrast to many smaller-cap tokens that experienced catastrophic losses, with some plummeting by as much as 95%.

A Technical Test at Key Support

The market-wide panic, sparked by U.S. President Donald Trump’s surprise tariff announcement, sent Ether tumbling over 20% in a single day to a low of approximately $3,510. However, the asset found crucial support at its 200-day exponential moving average (EMA), a long-term trend indicator that is closely watched by technical analysts. The price has since rebounded to trade above $3,800.

Further reinforcing the potential for a reversal, the Relative Strength Index (RSI) on the daily chart fell to 35, nearing the “oversold” threshold of 30. This technical posture suggests that the intense selling pressure may be reaching a point of exhaustion.

A Flight to Quality Amid Altcoin Carnage

The brutal sell-off highlighted a clear “flight to quality” within the digital asset market, as panicked investors appeared to rotate capital out of higher-risk altcoins and into the relative safety of the two largest cryptocurrencies. As one crypto investor noted, “BTC and ETH did relatively well compared to the long-tail of alts, which nuked 70% or more, with some even going down 95% or more.”

This dynamic underscores Ether’s position as a foundational, “blue-chip” asset within the ecosystem, one that tends to retain value more effectively than its smaller-cap peers during periods of extreme market stress.

Conflicting Signals: Bullish Targets vs. On-Chain Sell Pressure

Looking ahead, analysts are divided. Bullish forecasts, such as one from research firm Fundstrat, project that Ether could rally to a new all-time high of $5,550 after bottoming out in Friday’s crash. However, this optimism is tempered by concerning on-chain data.

According to CryptoQuant, the Ethereum exchange inflow mean—a metric tracking the average number of coins sent to exchanges for potential selling—hit a 2025 high of 79 on Saturday. This indicates a significant increase in potential sell pressure. Additionally, withdrawals from Ethereum’s staking queue are reported to have hit a record $10 billion in October, which could introduce further supply to the market if stakers choose to sell their unlocked ETH.

Ethereum now finds itself at a critical juncture. The asset’s ability to defend a key long-term moving average during a historic market sell-off highlights its structural importance. However, this technical resilience is being weighed against a significant on-chain supply overhang. The market will now be closely watching to see if dip-buyers can absorb this potential pressure and validate the bounce from Friday’s lows.

Comparison, examination, and analysis between investment houses

Leave your details, and an expert from our team will get back to you as soon as possible

    Share

    Leave a comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Don't Miss

    SKN | Crypto Exploit Losses Drop 90% in May to $68M, Signaling Shift in Attack Patterns and Security Posture: CertiK Report

    Key Takeaways Crypto exploit losses fell sharply to $68 million in May, a 90% month-over-month decline, according to CertiK. The reduction reflects both...

    SKN | Sui Foundation Announces Major Network Upgrade Following Patch to Resolve Three Recent Outages, Rebuilding Confidence in Scalability Claims

    Key Takeaways Sui Foundation reports a major protocol upgrade designed to fix bugs linked to three recent network outages. The incident renews focus...

    Related Articles

    SKN | Israel’s Crypto Tax Amnesty Falls Short: Why Are Investors Avoiding Voluntary Disclosure?

    Key Points: • Israel’s crypto tax disclosure program has attracted only 58...

    SKN | Bitcoin Opens Below $67,000 and Ethereum Falls Under $2,000 as Crypto Market Weakness Deepens

    Bitcoin opened below $67,000 on June 3, while Ethereum began trading under...

    SKN | Agentic Payments Cross 100 Million Transactions on Base: Are AI Agents Becoming Crypto’s Next Major Growth Driver?

    Key Points: • Agentic payment activity on Coinbase’s Base network has surpassed...

    SKN | Bitcoin Extends Decline as Market Searches for a Bottom Amid Signs of Late-Stage Bear Cycle

    Bitcoin continued its downward trajectory this week, extending losses that have pushed...

    Investcoin

    GET A FREE, EXPERT-BACKED
    INVESTMENT COMPARISON TODAY