Ether (ETH) has decreased by 42% compared to the historical peak of 4,950 USD, leading many investors and traders to question the next bottom for this digital currency.
ETH price may continue to decrease by an additional 25%
According to data from TradingView, ETH has now fallen below the threshold of 3,000 USD.
Commenting on the recent price movements, analyst Daan Crypto Trades stated: “Although this cycle did not meet the expectations of ETH investors, the market structure along with the Ethereum ecosystem has matured significantly over time.”
He also candidly admitted: “I cannot defend the price movements in this cycle, as ETH has performed much worse than BTC and many other cryptocurrencies.”
The analysis chart shows that if ETH loses the support level of 2,800 USD, it is likely to continue to drop to the next important support level around 2,100 USD.
Data from Glassnode confirms that the major support level below 2,800 USD is around 2,100 USD, where approximately 2.1 million ETH were purchased.
Meanwhile, investors on Polymarket price the possibility of ETH dropping to the 2,000 USD – 2,200 USD range before the end of 2025 at about 11%. However, they assess the probability of Ether returning to the 2,500 USD mark at 83% and the chance of dropping to 2,000 USD in 2026 at 59%.
The lowest level of ETH in 2025 is 1,380 USD, recorded in April, and the last time ETH traded at 2,100 USD was on May 9. However, the 42% drop from the current peak is still considered not deep compared to previous down cycles, which usually hit the bottom after losing 80%–90% of their value.
Institutional investors reduce risk with Ethereum ETF funds
According to data from Farside Investors, the demand for Ethereum ETF funds traded in the US is weakening. These products have recorded continuous outflows over five days, totaling 533.1 million USD, causing total assets under management to decrease to 17.34 billion USD.
IT Tech analysis expert from CryptoQuant noted on X: “The Ethereum ETF funds in the US continue to see outflows. Investors are actively reducing risk or quietly shifting away from ETH, indicating no strong signs of recovery in the short term.”
Additionally, data from Capriole Investments shows that the daily purchase volume of Ether by treasury companies has sharply decreased, from a peak of 78,010 ETH on August 23 to only 12,095 ETH per day.
Although BitMine is increasing its buying activity, many technical indicators and on-chain metrics for ETH have turned negative, forecasting that the market may still face many difficulties in the near future.