Ethereum ($ETH ), the second-largest cryptocurrency, faced serious difficulties in 2025, becoming an extremely unprofitable asset for the first time since early 2023. According to Cointelegraph data, the price of ETH dropped to $2100 on March 4, and on April 8, it reached a low of $1409 — the lowest level since March 2023. This decline was accompanied by an outflow of $94.1 million from spot Ethereum ETFs over two weeks in April, indicating a decrease in investor interest.
The price drop is related to several factors: a decrease in network activity (the number of unique active wallets decreased by 33%), capital outflow, and overall volatility in the cryptocurrency market. In the first quarter of 2025, the lowest level of ETH burning since 2022 was also recorded, which weakened the deflationary pressure on the asset. Sentiment on X is also pessimistic: users note that ETH has lost 1.95x from its all-time high, and fundamental indicators such as gas fee revenue continue to decline.
However, some analysts see potential for recovery, as on May 29, the price of ETH reached $2780 — a peak since February. Will this be the beginning of a new uptrend? Be the first to find out by subscribing to #MiningUpdates
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