Ethereum Drops 18% in 30 Days, Whales Decline 10% Amid Market Uncertainty

Ethereum (ETH), the second-largest cryptocurrency by market cap, has been experiencing a tumultuous period, with its price declining amid broader market uncertainty. Currently, ETH is trading at approximately $1,796, marking an 18% decrease over the past 30 days and a significant drop from its all-time high of above $4,800 reached in November 2021. Analysts are predicting further challenges for Ethereum, with its negative returns in 2025 deepening the downturn that has seen it dip nearly 50% in the past year. This underperformance compared to Bitcoin has been particularly noticeable, leaving ETH under notable downside pressure. Macroeconomic factors, including inflation concerns and shifting investor sentiment, could push ETH toward support below $1,500. Crypto analyst Ali Martinez recently noted ETH’s failure to break key resistance levels, suggesting a potential dump to $1,100. Ethereum whales have also dropped by 10% in the past month.

However, for crypto enthusiasts eyeing new opportunities, the downside could be an opportunity to stack more coins. In particular, altcoins and meme coins often thrive when major assets consolidate, a backdrop that sees projects like Bitcoin Pepe capture attention. Bitcoin Pepe (BPEP) is a new meme coin gaining traction in presale. Details on the official page show that this phase of development has exploded, with over $6 million raised so far. Interestingly, Bitcoin Pepe markets itself as a blend of Bitcoin’s security and Solana’s speed. Its aim is to create a meme-focused layer-2 solution on the Bitcoin blockchain. The PEP-20 token standard supports more than meme coins – the team eyes decentralized applications (dApps) on the OG blockchain network.

Despite the struggles of ETH and similar cryptocurrencies, there’s a lot of buzz regarding what the next bull cycle would mean. Analysts point to Bitcoin’s resilience as a major indicator. Currently in stage 8 of 30, Bitcoin Pepe is priced at $0.0295. The price will rise throughout the presale, offering a chance to make a significant upside before the final stage later in the quarter. Given price predictions of 2x for ETH and BTC, analysts suggest a potential 20x surge post-launch for viral projects like BPEP. If Bitcoin Pepe mirrors explosive gains for Pepe (PEPE) at its launch, or Solana when it rose from under $10, then predictions of $1 in 2025 for BPEP and $5 in the next cycle could be modest. However, like other meme projects, Bitcoin Pepe will rely on the attention currency and overall crypto market conditions. What happens next in the market will be crucial.