The price of Ether (ETH) was reportedly around $2,851.43 on December 1, 2025, which marked a drop of about 6% to start the month amidst a wider cryptocurrency selloff. The decline extended a bruising November for the token. Contributing news and events include:
Widespread Market Turmoil: The crypto market experienced fresh panic following a security incident related to DeFi platform Yearn Finance, which led to a slide in major tokens like Bitcoin and Ether.
Institutional Investors Several companies that previously focused on Bitcoin have reportedly started diversifying into other cryptocurrencies, including Ether, which can be used for staking.
Layer 2 Network Growth: The Total Value Bridged (TVB) for Optimism reached over 1 million ETH on December 1, 2025, according to Dune data, demonstrating ongoing activity on Ethereum's Layer 2 solutions.
Token Unlocking Events: Several altcoins had significant token unlocking events on December 1, 2025, which may have contributed to broader market volatility.
Exchange Service Resumption: Crypto exchange Upbit planned to resume deposits and withdrawals for some networks, including Ethereum ecosystem tokens like AAVE and 1INCH, starting December 1, 2025, following a security breach in November.
