#ETHBreaks2k Ethereum's price has been experiencing significant volatility, and it recently dropped to around $2,000. This decline is influenced by macroeconomic pressures, market-wide liquidations, and technical factors ¹.

According to on-chain data, Ethereum's price slump continues due to weakening network activity and a declining total value locked (TVL). A classic chart pattern also points to a further downside for Ether, with a potential bear flag target at $1,530 ².

Some analysts suggest that Ethereum's price could drop to $1,945 or even as low as $1,200 if momentum doesn't shift. However, others predict a potential rebound, with some forecasting a rally to $7,000 by the end of 2025 if adoption grows ¹.

It's worth noting that Ethereum's dominance in the blockchain ecosystem is under threat from competitors like Solana, and the rise of Layer-2 solutions has shifted activity away from Ethereum's base layer, reducing demand for ETH ¹.