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$ETH Ethereum (ETH) price struggles below $2,200, facing mounting challenges as decentralized exchange (DEX) trading volume on the network drops 34% in a week. The decline signals weakening demand for Ethereum-based DeFi, as rivals like Solana (SOL), Tron (TRX), and BNB Chain (BNB) make significant gains. Ethereum’s DeFi Activity Shrinks as BNB Chain Surges Ethereum's DEX volume fell 34% in the last seven days, impacting layer-2 solutions such as Base, Arbitrum, and Polygon. BNB Chain saw a 27% volume increase, while Canto surged 445%, highlighting shifting trader preferences. PancakeSwap (BNB Chain) overtook Uniswap (Ethereum) in total fees, signaling declining demand for ETH as transaction costs become less attractive. Ethereum’s leading DeFi protocols—Maverick Protocol and DODO—recorded 85% and 46% volume declines, respectively. Ethereum’s TVL Drops, ETH Futures Show Weak Demand While Ethereum remains the top blockchain in total value locked (TVL) at $47.2 billion, its 9% weekly decline has narrowed the gap with competitors. BNB Chain deposits increased 6% in the past week, while Ethereum’s key DeFi projects saw major losses: Stargate Finance TVL dropped 11% Maker deposits declined 9% Spark Finance saw a 6% reduction Ethereum futures premiums fell to a 3% annualized rate, the lowest in over a year, indicating waning bullish sentiment among traders. Ethereum spot ETFs recorded $293 million in outflows since March 5, signaling diminished institutional interest. Ethereum faces increasing competition, particularly from Solana’s growing memecoin market and Tron’s dominance in stablecoins. Meanwhile, Hyperliquid’s new blockchain for perpetual futures trading further threatens Ethereum’s standing in the DeFi space. For Ethereum to regain investor confidence and market share, it must provide a competitive edge. The upcoming “Pectra” upgrade needs to drive sustainable adoption and improve scalability, or ETH risks losing further ground to rivals.

Solana Layer-2 Scaler Defies Crypto Market Slump, Surges 41% This Week Amid Multiple Exchange Listings A Solana (SOL) layer-2 scaling solution defied the wider crypto market slump and surged by more than 41% this week following a flurry of recent exchange listings. Solayer (LAYER) is a blockchain network designed for high throughput and near-zero latency. The network bills itself as “infinitely scalable” and is designed to handle 1 million transactions per second (TPS). Explains the project, “Solayer is a protocol for developers who want to enhance their decentralize application’s performance on Solana. It aims to increase the reliability of network access while reducing associated costs by up to 50x.” Solayer’s new native token, LAYER, is trading at $1.21 at time of writing, up from $0.857 one week ago. The 216th-ranked crypto asset by market cap is also up more than 18% in the past 24 hours .

Large ETH holders have been accumulating throughout late 2024 and into 2025, even as retail balances decline, data from Nansen shows. Even though Ethereum’s ( ETH ) price is down over 44% this year and trading around $1,900, some large investors are still adding to their holdings, according to on-chain data from Nansen shared with crypto.news. While smaller ETH holders have been reducing their balances, whales holding between 10,000 and 100,000 ETH have increased their holdings by over 12% in early 2025. “The 10k-100k segment saw over a 12% growth in 2025 alone on their total ETH balances whereas the 1k-10k segment saw a 3% increase in their holdings YTD.” Nansen At the same time, Ethereum’s network activity seems to have slowed, with median gas prices reportedly dropping nearly 50 times since early 2024, while some of the activity appears to have shifted to Solana ( SOL ) and layer-2 networks, the report suggests. Ethereum also faces growing competition, with Nansen saying that the network is “competing on all fronts and risks being a ‘jack of all trades but master of none’ when compared with BTC, SOL and TIA.” Despite accumulation from some whales, the broader trend remains uncertain as ETH leaves “much to be desired across many of the onchain metrics,” Nansen notes, adding that the asset has “severe underperformance on both the way up and the way down.” For ETH to reverse its long-term downtrend against BTC, “significant changes would need to occur,” analysts at Nansen claim, though it remains unclear whether any near-term catalyst could shift market sentiment.

Dubai financial regulators are opening registrations for crypto firms to participate in the nation’s first Tokenization Regulatory Sandbox, starting from March 17 to April 24. According to the site’s official announcement , the sandbox is an initiative launched by the DFSA to facilitate crypto firms who wish to explore tokenized investment products and services within a controlled environment. The program will take place within the Dubai International Financial Centre. The sandbox serves as a regulatory pathway for crypto firms, enabling them to take their products and services from the experimentation stage to receiving full authorization from the DFSA. Through this program, financial authorities will be expanding the scope of its Innovation Testing License to include tokenized investments. The sandbox consists of two phases. First is the expression of interest, in which firms can formally communicate their intention to develop tokenized products and services within the DIFC. The second phase will group them into the Innovation Testing License tokenization cohort, where they can test tokenization products and services through the program. Crypto firms that are interested in participating in the sandbox program can submit an expression of interest to the DFSA before April 24, 2025. The Tokenization Regulatory Sandbox is open to firms that seek to offer customers tokenization financial services, which include firms issuing, trading, or holding tokenized investment products, DFSA-licensed firms looking to dive into tokenization, and firms with a strong understanding of the legal and regulatory requirements needed. In order to take part in the sandbox, crypto firms will have to go through an assessment process. Companies that already have established business models and regulatory understanding will be invited to take part in the DFSA’s Tokenization Regulatory Sandbox. They will then receive specific regulatory support and structured testing opportunities. Most recently, Ripple secured a DFSA license on March 13, allowing the crypto firm to provide regulated crypto payment services in the Dubai International Financial Centre. Ripple has become the first blockchain-powered payments company licensed by the DFSA. Moreover, Ripple Labs has also been known to venture into real-world asset tokenization. In late January, Ripple allocated $10 million of its funds into tokenized U.S. Treasuries that were issued on the layer 1 blockchain XRP ledger.

$ETH Ethereum's native token, Ether (ETH), has repeatedly entered oversold territory against Bitcoin (BTC) in recent months, yet it has not shown signs of establishing a price bottom. The current trading scenario mirrors a previous pattern, suggesting that ETH's market structure might repeat itself in the second and third quarters of this year. The relative strength index (RSI) for ETH on a three-day timeframe remains below 30, typically indicating a potential price bounce. However, historical trends reveal that previous dips into oversold conditions have not marked a definitive bottom, with each occurrence followed by further declines, indicating persistent bearish momentum. Since mid-2024, the ETH/BTC pair has experienced multiple breakdowns, with losses of approximately 13%, 21%, 25%, and 19.5% in quick succession. Additionally, the 50-day and 200-day exponential moving averages (EMAs) are trending downward, confirming the absence of bullish strength. Market analyst @mianikramullah has pointed out ETH's negative price performance, noting that the ETH/BTC pair has failed to confirm a bullish divergence on its weekly chart, where the price makes lower lows but the RSI makes higher lows. The ongoing ETH/BTC downtrend is notable when compared to the broader crypto market, including persistent outflows from US-based spot ETH ETFs and negative onchain data. Net flows into spot Ether ETFs dropped 9.8% in March to $2.54 billion, while spot Bitcoin ETF net flows decreased by 2.35% to $35.74 billion during the same period. Meanwhile, Ethereum's gas fees, measured by daily median gas consumption on the mainnet, were around 1.12 GWEI as of March, a significant decrease from the previous year. Despite a second rally in ETH prices towards the end of 2024, mainnet activity, as measured by gas consumption, did not fully recover. Data analytics platform noted that much of the activity has shifted to Solana and Layer 2 solutions over 2024. market remains cautiously bearish on ETH due to its unfavorable risk/reward ratio compared to Bitcoin and lower-valued altcoins with niche market focus. The ETH/BTC pair is forming a bear pennant pattern on the daily chart, characterized by consolidation within converging trendlines following a steep decline. A bear pennant typically resolves when the price drops below the lower trendline, potentially leading to a 15% decrease from current levels. The 50-day and 200-day EMAs continue their downward trajectory, with the ETH/BTC pair trading well below these key levels, indicating a persistent bear market structure. Despite the downside risk, a bullish invalidation could occur if ETH/BTC breaks above the pennant's upper resistance and turns the 50-day EMA into support.$BTC