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Three Unfavourable Information Attacks! Ethereum 3·28 Encountered a "Plummet Crisis"
- Upgrade Issues: Ethereum core developer Tim Beiko stated earlier on March 28 that the major update Pectra upgrade officially launched on the Holesky testnet this Monday, but there was an execution layer vulnerability that caused a chain fork, and the network's health is deteriorating. This may have raised investors' concerns about the technological stability of Ethereum and the prospects for upgrades, leading to a price decline.
- Macroeconomic expectation shock: On the morning of March 28, due to Trump's emphasis on implementing the 25% tariff policy on Canada and Mexico as scheduled after March, and an additional 10% tariff on China (increased to 20%), the cryptocurrency market suffered a severe impact, and Ethereum was no exception.
Additionally, the report from Standard Chartered Bank drastically lowered the target price for Ethereum in 2025 to $1500, which may have affected market sentiment and investor confidence to some extent. #ETH