{"id":385950,"date":"2025-03-31T05:08:43","date_gmt":"2025-03-30T23:38:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/8-73-million-eth-addresses-at-risk-if-congress-rejects-paul-atkins-crypto-news\/"},"modified":"2025-03-31T05:10:37","modified_gmt":"2025-03-30T23:40:37","slug":"8-73-million-eth-addresses-at-risk-if-congress-rejects-paul-atkins-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/8-73-million-eth-addresses-at-risk-if-congress-rejects-paul-atkins-crypto-news\/","title":{"rendered":"8.73 Million ETH Addresses at Risk if Congress Rejects Paul Atkins &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Ethereum (ETH) is struggling to sustain price levels above $1,800 as investors shift capital to Bitcoin (BTC), which recently reclaimed the $84,000 mark. Despite broader market optimism, ETH continues to face significant downside pressure due to regulatory uncertainty and weakening demand from institutional investors.<\/p>\n<h2>Why is Ethereum Price Going Down?<\/h2>\n<p>Ethereum\u2019s decline is primarily driven by growing skepticism surrounding regulatory developments in the United States. The nomination of <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-sec-chair-nominee-paul-atkins-to-prioritize-regulatory-clarity-for-crypto-industry\/\" target=\"_blank\" rel=\"noopener\">Paul Atkins<\/a> as SEC chair, initially seen as a positive move for crypto, has faced mounting opposition in Congress due to potential conflicts of interest.<\/p>\n<p>This uncertainty has raised concerns that pro-crypto policies\u2014including Trump\u2019s proposed inclusion of ETH in the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/4-xrp-rivals-to-hold-before-crypto-strategic-reserve-bill-is-passed-in-congress\/\" target=\"_blank\" rel=\"noopener\">Crypto Strategic Reserve\u2014<\/a>could face delays or outright rejection.<\/p>\n<figure id=\"attachment_246699\" aria-describedby=\"caption-attachment-246699\" style=\"width: 2024px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-246699\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM.png\" alt=\"Ethereum Price Analysis | March 30\u00a0\" width=\"2024\" height=\"882\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM.png 2024w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM-300x131.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM-1224x533.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM-768x335.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM-1536x669.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.42.13-PM-150x65.png 150w\" sizes=\"auto, (max-width: 2024px) 100vw, 2024px\"\/><\/noscript><figcaption id=\"caption-attachment-246699\" class=\"wp-caption-text\">Ethereum Price Analysis | March 30<\/figcaption><\/figure>\n<p>As a result, traders appear to be offloading ETH in favor of Bitcoin, which is perceived as a safer store of value amid regulatory unpredictability.<\/p>\n<p>Additionally, liquidity in Ethereum\u2019s spot market has declined 26% in the last 24 hours, reflecting weak buying support at the current <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\" target=\"_blank\" rel=\"noopener\">ETH price<\/a> levels. This combination of regulatory headwinds and shifting market dynamics has kept ETH trapped below $1,800.<\/p>\n<h2><strong>12.3 Million Addresses at Risk as ETH Struggles to Attract Buyers<\/strong><\/h2>\n<p>Ethereum\u2019s on-chain data trends reveals a looming bearish signal ahead.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"http:\/\/IntoTheBlock.com\" target=\"_blank\" rel=\"noopener\">IntoTheBlock<\/a>, millions ETH addresses would slip into losses if prices fall below $1,600. The latest data suggests that the largest accumulation zone for ETH holders sits between $1,596 and $1,790, with 8.73 million addresses holding a combined 3.61 million ETH in this range.<\/p>\n<figure id=\"attachment_246698\" aria-describedby=\"caption-attachment-246698\" style=\"width: 2144px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-246698\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum In\/Out of The Money Data, March 30 | Source: IntoTheBlock\" width=\"2144\" height=\"1000\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM.png 2144w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-300x140.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-1224x571.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-768x358.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-1536x716.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-2048x955.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-150x70.png 150w\" data-lazy-sizes=\"(max-width: 2144px) 100vw, 2144px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-246698\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM.png\" alt=\"Ethereum In\/Out of The Money Data, March 30 | Source: IntoTheBlock\" width=\"2144\" height=\"1000\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM.png 2144w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-300x140.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-1224x571.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-768x358.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-1536x716.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-2048x955.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.21.23-PM-150x70.png 150w\" sizes=\"auto, (max-width: 2144px) 100vw, 2144px\"\/><\/noscript><figcaption id=\"caption-attachment-246698\" class=\"wp-caption-text\">Ethereum In\/Out of The Money Data, March 30 | Source: IntoTheBlock<\/figcaption><\/figure>\n<p>If ETH breaks below $1,600, it could trigger a cascade of sell-offs, further deepening the downturn. The lack of significant buying interest at current levels suggests that traders are waiting for either a clear regulatory breakthrough or a deeper price correction before re-entering the market.<\/p>\n<p>Ethereum (ETH) is struggling to sustain price levels above $1,780 as investors shift capital to Bitcoin (BTC), which recently reclaimed the $84,000 mark.<\/p>\n<p>Investors appear to be positioning themselves in BTC as a hedge against uncertainty. If the sell-0ffs continue on Monday, ETH price could be at risk major downsizing if such a large number of wallets capitulate within a short period.<\/p>\n<h2>ETH Price Forecast: Ethereum Risks Breakdown Below $1,750 as Momentum Weakens<\/h2>\n<p>Ethereum price remains on shaky ground, trading at $1,808.82, as technical indicators flash warning signs of further downside risk. The daily chart reveals a sustained bearish trend, with price action struggling below key resistance levels.<\/p>\n<p>The ADX breakout at $2,212 suggests significant resistance, and ETH\u2019s failure to reclaim this level signals that bullish momentum is lacking.<\/p>\n<figure id=\"attachment_246697\" aria-describedby=\"caption-attachment-246697\" style=\"width: 2410px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-246697\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"ETH Price Forecast\" width=\"2410\" height=\"1164\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM.png 2410w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-300x145.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-1224x591.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-768x371.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-1536x742.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-2048x989.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-150x72.png 150w\" data-lazy-sizes=\"(max-width: 2410px) 100vw, 2410px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-246697\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM.png\" alt=\"ETH Price Forecast\" width=\"2410\" height=\"1164\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM.png 2410w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-300x145.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-1224x591.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-768x371.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-1536x742.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-2048x989.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2025\/03\/Screenshot-2025-03-30-at-11.41.45-PM-150x72.png 150w\" sizes=\"auto, (max-width: 2410px) 100vw, 2410px\"\/><\/noscript><figcaption id=\"caption-attachment-246697\" class=\"wp-caption-text\">ETH Price Forecast<\/figcaption><\/figure>\n<p>The MACD indicator paints a concerning picture, with the MACD line at -98.38 firmly below the signal line at -105.99. This suggests that downward momentum is still in control, weakening the case for a reversal. The declining histogram bars reinforce this bearish trend, showing that selling pressure remains dominant.<\/p>\n<p>However, a potential recovery scenario exists if ETH can reclaim $1,850 and flip it into support. This would signal a possible retest of $2,212, but bullish conviction is currently lacking. A drop below $1,754\u2014the lower bound of current price action\u2014could trigger liquidation cascades, pushing ETH toward the critical $1,600 support, where 12.3 million addresses risk falling into losses.<\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tEthereum\u2019s price decline is driven by regulatory uncertainty, institutional selling, and a shift in capital to Bitcoin amid market volatility.  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \tEthereum must reclaim key resistance at $1,850 to attempt a move toward $2,000, but weak momentum suggests further downside risk.  <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\" style=\"\">\n<p>\n                            \t If Ethereum drops below $1,600, over 8.7 million addresses may fall into losses, potentially triggering significant sell pressure.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ethereum-price-analysis-8-73-million-eth-addresses-at-risk-if-us-congress-rejects-paul-atkins\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/ethereum-price-analysis-8-73-million-eth-addresses-at-risk-if-us-congress-rejects-paul-atkins\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ec36c745ac13558e2dd911177d9a7d40?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>ibrahim  <\/p>\n<\/p><\/div>\n<p>Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum (ETH) is struggling to sustain price levels above $1,800 as investors shift capital to Bitcoin (BTC), which recently reclaimed the $84,000 mark. Despite broader market optimism, ETH continues to face significant downside pressure due to regulatory uncertainty and weakening demand from institutional investors. Why is Ethereum Price Going Down? Ethereum\u2019s decline is primarily driven [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":385808,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-385950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/385950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=385950"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/385950\/revisions"}],"predecessor-version":[{"id":385953,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/385950\/revisions\/385953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/385808"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=385950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=385950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=385950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}