In March 2025, Ethereum’s price exhibited a narrow range, suggesting potential market fluctuations.
It is speculated that the market could be under pressure as the impending FTX payments approach.
Ethereum’s Closing Performance and Market Pressures
Ethereum 
$1,863 started March with a decline from an opening price of $2,237 to $1,830, marking a loss of approximately 18%. This drop was influenced by concerns over network upgrades, certain customs policies, and examinations by related institutions. In contrast, Bitcoin 
$83,779 has remained relatively stable without experiencing similar pressure.
FTX’s Liquidity Movements and Their Effects
Ahead of the payments beginning on May 30, Ethereum and Solana 
$127 investors are bracing for potential liquidity pressures. FTX’s strategy of liquidating its cryptoassets by transferring them to exchanges has drawn attention during its bankruptcy proceedings. Research indicates that the value of assets held by FTX on the Ethereum and Solana blockchains exceeds $800 million.
The analysis reveals that 39% of these assets are from Ethereum, while 61% originate from Solana. Court documents indicate that payments will be executed in US dollars, with assets being converted to cash as collateral. Due to delays in payments, additional annual interest will also be applied to creditors.
Market Expectations and Possible Scenarios
This process aimed at increasing liquidity could lead to further declines in Ethereum and Solana prices. Investors are trying to act cautiously while considering changes in trading volumes and market demands. It is noted that Ethereum faces asset-based challenges when compared to other major cryptocurrencies.
The developments suggest that the market is seeking a new equilibrium, with investors likely to act cautiously in the upcoming period. The payments from FTX are expected to have significant impacts on the overall dynamics of the market.
