ETH – What Happened? A Detailed Breakdown and What to do next!Crypto Panic or Manipulation? Breaking Down Ethereum’s Crash and the Entire Market
🔥 Hello everyone, this is Ronin!
The last two trading days have seen one of the biggest crashes in the history of the cryptocurrency market. 📉 We witnessed a massive wave of liquidations that burned through the capital of many traders.
Looking at the numbers:
Most assets lost 10–30% of their value.
Some altcoins dropped by 50%.
The total crypto market capitalization shrank by more than 10% in just a few days.
But the biggest victim of this crash was not Bitcoin, nor low-cap altcoins—it was Ethereum (ETH) itself.
What Happened to Ethereum? Why Did It Drop from $3600 to $2000?
If we talk about the strangest asset in this cycle, Ethereum stands out.
While other coins were breaking all-time highs, ETH didn’t even come close to its peak valuation. This is despite:
The launch of Bitcoin ETFs, bringing in a wave of institutional capital.
News that Donald Trump was reportedly buying ETH for his projects.
Growing interest in L2 scaling solutions and Ethereum network upgrades.
None of these bullish catalysts helped ETH break even $4000.
And then, within just four days, Ethereum plunged from $3600 to $2000. On Binance’s futures market, the price briefly hit $2080.
❓ Has Ethereum ever seen such a sharp drop before?
Personally, I don’t remember such a massive drop happening in such a short time without catastrophic fundamental events.
This wasn’t a network hack, a mining ban, or a major DeFi collapse—nothing fundamentally bad happened.
So who crashed the market, and why?
Who Benefited from This Crash?
Let’s analyze the key question: who had the most to gain from this crash?
The obvious answer is that the biggest winners were major crypto exchanges and market makers.
Why Didn’t Bitcoin Drop as Much?
At the time of the crash:
📌 Bitcoin’s liquidation zones were nearly empty. Many traders had both buy and sell orders in place, so there was no strong incentive to push BTC down.
What About Ethereum?
📉 ETH futures open interest exceeded tens of billions of dollars.
📉 Leverage was heavily skewed towards long positions, meaning liquidations brought massive profits to exchanges.
📉 ETH’s open interest was even higher than BTC’s, making it a prime target for manipulation.
How Crypto Exchanges Made $2 Billion in One Night
The cryptocurrency market is unique because the major players not only provide liquidity but also profit from liquidations.
💰 Crypto exchanges are not just trading platforms—they are global market makers who actively move prices.
📌 On Sunday night, the following happened:
Big players spotted an overloaded leverage in ETH long positions.
They triggered a wave of sell-offs, forcing liquidations.
On Binance alone, exchanges raked in $2 billion in a single day from liquidations.
⚠ Ask yourself this: if you had the power to make $2 billion in a single day, wouldn’t you do it?
Of course, they want to and they do.
How the Smart Money Strategy Works
If you’ve heard of Smart Money trading strategies, you know that big players always think ahead.
📌 The classic scheme:
1️⃣ Pump the market up—give traders confidence that the rally will continue.
2️⃣ Open short positions in zones overloaded with leverage.
3️⃣ Dump the market sharply, triggering stop losses and liquidations.
4️⃣ Buy back at the bottom, raking in billions.
📉 This is exactly what happened with Ethereum—exchanges used a false news narrative about trade sanctions to tank the price.
How I Survived This Crash
🔥 I was long on Ethereum with leverage and held a total position of over 200 ETH.
Honestly, that night was brutal.
📌 When the price dropped to $2080, I had two options:
❌ Panic and close the position, taking a six-figure loss.
✅ Hold and wait for a recovery, because I knew this was a fake move.
I chose the latter. Not only that—I added to my position at the lower levels.
This doesn’t mean the market can’t drop further, but…
📌 Trading rule: Buy when everyone is selling—Sell when everyone is buying.
📌 Right now, the market is in panic mode—which means some smart players are accumulating ETH at these prices.
Conclusion: What Comes Next?
📌 This was an artificial correction—big players intentionally crashed the market.
📌 The coming days should see a recovery, especially if trading volumes start picking up again.
📌 Market psychology is the key factor. When everyone is afraid, that’s when big players accumulate assets.
If you’re interested in how I will navigate my $200,000 ETH drawdown, follow me on TradingView—I’ll be posting regular updates.
🚀 In upcoming articles, we’ll break down the analysis of other altcoins and provide a microeconomic perspective on the most promising assets.
💬 Boost this post if you found it insightful—your engagement helps, and a little positive activity never hurts!
This was Ronin—stay tuned for more updates! Big things are coming. 🎯
