ETH’s down bad—53% crash from $4,100. ETF outflows, tariffs, and high fees hurt. Will bulls fight back or fold?
Ethereum is still in freefall, dropping 53% from its $4,100 peak in December 2024. Now struggling at $1,878, ETH is trapped under intense selling pressure, according to CoinMarketCap.
Analysts say two big problems are dragging ETH down: U.S. import tariff fears and a slowdown in new projects due to high fees. “ETH’s lack of builders is a major red flag,” a Bitfinex analyst warned, adding that $1,800 is a key level to watch.
It’s not just ETH—Bitcoin also slipped to $80K, and some fear a drop to $70K. According to Nansen analyst Aurelie Barthere, this is a macro correction, meaning the whole market’s cooling off—but we’re still in a bull cycle.
Another ETH killer? ETF outflows. Investors yanked $119M from U.S. spot Ether ETFs last week alone, per Sosovalue data. Stella Zlatareva (Nexo) noted that ETH’s 20% drop broke its key $2,200 support, making recovery even harder.
But don’t lose all hope. VanEck still sees ETH hitting $6K in 2025—but for now, it’s survival mode.
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