Matrixport: Ethereum Approaches FTX Era Lows, Derivatives Market Prices 10% Volatility in the Coming Week

ChainCatcher news, Matrixport released today's chart showing that since reaching a high of $3668 on January 7, 2025, Ethereum has cumulatively dropped by 50%. The on-chain activity across the entire Ethereum ecosystem has significantly slowed down, and the weakening fundamentals along with persistently low ETH demand have led to a clearly bearish market sentiment.

As several key risk events approach, the derivatives market has begun to price in a significant volatility of 10% within the next week (in either direction). Notably, the price of Ethereum is gradually approaching the lows seen during the FTX bankruptcy period. FTX is expected to start making payments to major creditors on May 30, 2025.