Ethereum Hits $1,884 Today (March 12, 2025) – Is the Blood Moon About to Ignite a Massive Rally?

Jakarta, Pintu News – According to Coingape, Ethereum (ETH) is currently in an extreme oversold state, with crypto whales liquidating as the price plunges below $2,000 for the third time this year.

This massive sell-off comes after Bitcoin (BTC) suddenly fell below $80,000 over the weekend, sparking panic across the crypto market.

Amidst this uncertainty, the upcoming Blood Moon eclipse could be a bullish turning point for Ethereum-or it could exacerbate the downward trend with a deeper correction, not only for ETH but also the entire crypto market.

Then, how will ETH price move today? Check out the full story!

Ethereum Price Up 1.30% in 24 Hours

On March 12, 2025, Ethereum (ETH) traded at approximately $1,884 (31,141,923 IDR), marking a 1.30% increase over the past 24 hours. During this period, ETH reached a high of 32,345,676 IDR before pulling back toward its daily low of 30,491,729 IDR.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $227.07 billion, with daily trading volume falling 36% to $24.65 billion within the last 24 hours.

Read also: Bitcoin Soars Past $82,000 Today (March 12) – Is the Correction Finally Over? These 3 Key Indicators Say It Might Be!

How Will Ethereum Price React to the Upcoming ‘Blood Moon’ Lunar Eclipse?

The Lunar Eclipse known as the ‘Blood Moon’ is expected to occur on the night of March 13-14, 2025. This phenomenon has many crypto investors bracing for high volatility, similar to what has happened in recent days.

The lunar cycle is often associated with financial market movements. For example, research shows that stock market returns tend to be lower around a full moon compared to when the moon is new.

Meanwhile, in the crypto world, full moons are often associated with bullish trend reversals for Bitcoin.

Popular crypto analyst, Crypto Damus, notes that eclipses can trigger extreme emotions and exaggerated market sentiment, especially since there is an opposition with the planet of fear, Saturn.

In addition, Damus added that if this phenomenon occurs in conjunction with Venus Retrograde, it will form a perfect storm that could trigger panic selling.

However, although volatility is expected to increase, further declines in the crypto market seem unlikely, especially if Bitcoin (BTC) can stabilize in the $78,000 – $82,000 range.

Read also: Dogecoin Price Up 5% Today (12/3/25): Crypto Analysts See Potential Rebound in DOGE!

In this scenario, the Blood Moon eclipse could be a catalyst for a bullish trend reversal in the crypto market, including Ethereum (ETH).

Ethereum Price Analysis: Will ETH Fall or Reverse?

According to Coingape, from a technical perspective, the price of Ethereum (ETH) has swept the previous daily low and formed a bullish swing failure pattern (SFP), which is the first bullish signal.

As a result, ETH managed to jump 10%, now trading at around $1,900, with further upside potential, according to data from TradingView.

However, if Bitcoin remains weak and ETH fails to break the $2,100 – $2,200 resistance zone, this could signal further weakness.

In this scenario, the upcoming Blood Moon eclipse could exacerbate the bearish trend, triggering a panic sell-off that could drag ETH prices down to $1,500 or even $1,000.

Conversely, if ETH is able to recover above $2,200, it will form a higher high, confirming the change in market structure in favor of a bullish movement. For this optimistic trend to hold, ETH needs to create a higher low above $2,000.

If this pattern forms, Ethereum has the potential to continue rising to $2,500, or even target the psychological level of $3,000 as the next step in the bullish trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Ethereum Price Analysis Ahead of Upcoming Blood Moon Lunar Eclipse. Accessed on March 12, 2025