Yuga Labs' vice president of blockchain, Quit, has warned that Ether (ETH) prices could plunge to around $200 in a prolonged bear market, representing a 90% decline from current levels. In a March 11 post on X, Quit disputed analysts who suggested $1,500 as a possible bottom for ETH, indicating that historical patterns suggest a potential drop to $200-$400. The community's reactions were mixed, with some agreeing with Quit's bearish outlook and others asserting that such a scenario would require a significant systemic collapse akin to the 2018 crisis. Meanwhile, ETH whales reacted to the recent 22% decline, moving substantial amounts of ETH to safeguard against liquidation. On March 11, ETH prices fell to a low of $1,791, prompting significant changes in whale positions. One whale liquidated $47.8 million worth of ETH to avoid a forced sell-off, while another addressed their liquidation risk by using over $5 million in assets. The volatility has raised concerns about possible price trajectories for ETH, highlighting the uncertainty surrounding its future market performance.

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