Ethereum Plummets 35% in 48 Hours Amid Selling Pressure

Ethereum has been experiencing significant volatility and persistent selling pressure, raising concerns about its future trajectory. Over the past few weeks, Ethereum (ETH) has struggled to build on its recovery and has remained below several key support levels. This has led to speculation about whether Ethereum could fall below $1,000 in the next ten days, especially as a new cryptocurrency, Rexas Finance (RXS), gains traction and investor interest.

Ethereum's recent performance has been particularly concerning. Just 48 hours ago, ETH was trading around $2,819, but it dropped to $1,759 at one point today, marking a 35% decrease. Currently, ETH is hovering around $1,892. Technical indicators suggest continued selling pressure, with a death cross formation in the MACD and an RSI below thirty, indicating an oversold condition. Despite marginal comebacks, Ethereum has been unable to reclaim the crucial price level of $1,915. If bearish pressure persists, ETH could fall below $1,500 in the near future and potentially dip to $1,000 within ten days.

Ethereum's struggles are compounded by ongoing protocol upgrades, shifting management, and competition from layer-1 ecosystems such as Solana and Avalanche. Additionally, the expectation of rising interest rates is reducing staking demand, further pressuring the ETH price and contributing to its decline.

In contrast, Rexas Finance (RXS) is experiencing a surge in demand. During its presale, the project raised over $47.3 million and sold over 456 million tokens at $0.20 each. RXS is set to have its Initial Exchange Offering on June 19, 2025, with an expected launch price of $0.25 per token. Rexas Finance's key strengths include the tokenization of real-world assets, decentralized finance, and the ability to operate securely across multiple blockchains. The concept of fractionalization allows investors to own parts of various assets, such as property, metals, patents, or brands, which were previously unattainable. Security is a high priority, and the project has been audited by CertiK, confirming the security of its smart contract layer and safeguarding users' funds against threats and hacks. This verification has boosted investor confidence in the project's viability. Furthermore, Rexas Finance's decision not to accept venture capital funding has contributed to investor stability upon its market launch.

As Ethereum continues to face selling pressure, traders are looking at macro factors and regulatory changes for the next signal. If ETH cannot hold its current support level and climb back to $1,844, a deeper sell-off to $1,000 is possible. Meanwhile, Rexas Finance remains popular due to its innovative asset tokenization system and planned exchange, positioning it as a potential high-growth play in the crypto market.