ETH down 6.7% after crypto ‘Black Friday,’ showing more resilience than alts
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, is down about 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resilience than many altcoins, which crashed by over 95% in some cases.
The market crash sparked by US President Donald Trump’s tariff announcement took the price of ETH down to a low of about $3,510 on Friday, a decline of over 20% in a single day.
Price tapped the 200-day exponential moving average (EMA), a dynamic support level, before rebounding to over $3,800. The relative strength index (RSI) is also at 35, nearing oversold conditions, signaling a potential reversal to the upside.
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