As of Wednesday,April 9, 2025, Ethereum (ETH), the world’s second-largest cryptocurrency, hashit a grim milestone: its lowest price in two years, dipping below $1,500.
ThisEthereum price drop is more than just a number—it’s a signal of turbulence inthe crypto market, sparked by an unexpected macroeconomic shock. U.S. PresidentDonald Trump’s sweeping tariffs have sent shockwaves through global markets,and cryptocurrencies are no exception.
With ETHshedding over 60% of its value from its December 2024 peak of $4,100, questionsare mounting: Why is Ethereum falling? How do Trump’s tariffs impact crypto?And what does this mean for your portfolio?
Ethereum’sdecline didn’t happen overnight. As of today, April 9, 2025, ETH trades at$1,476, down from a high of $4,100 in December 2024—a staggering 64% drop.
Accordingto CoinMarketCap data, over the past 30 days, the ETH price has dropped by morethan 30%, and in just the last 24 hours, it has declined by nearly 6%. Thetotal market capitalization of Ethereum has also significantly contracted,falling to $178 billion.
Market datashows over $400 million in Ethereum liquidations in the past 24 hours alone,with long positions bearing the brunt at $341 million. This deleveraging eventreflects panic selling, a common reaction when risk assets likecryptocurrencies face external shocks.
You should also check: Ethereum price prediction and $10,000 target
Ethereum vs. Bitcoin – AHistorical Struggle Hits a Five-Year Low
This isn’tEthereum’s first rodeo with volatility; since its inception, ETH has onlyoutperformed Bitcoin 15% of the time, often lagging during broad marketdownturns.
Why thedisparity? Bitcoin’s “digital gold” narrative thrives in risk-off environmentslike today’s tariff-driven uncertainty, while Ethereum’s growth story—tied tonetwork usage and layer-2 scaling—struggles to resonate amid a broader marketslump. For retail investors, this historical underperformance is a wake-upcall: ETH’s price analysis often hinges on BTC’s trajectory.
The ETH/BTCratio’s plunge to 0.018 on April 9—the lowest since December 2019, when ETH hit$125 and BTC traded at $7,000—signals more than just a price drop; it’s abarometer of investor sentiment. At 0.018, it takes 55 ETH to buy 1 BTC, astark contrast to 2021’s high of 0.08 (12.5 ETH per BTC).
— _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) April 8, 2025The ETH/BTC has now underperformed holding BTC for 85% of trading days...
A truly remarkable decline. pic.twitter.com/zsXpDWZSBi
"ETH is entering a very concerning phase as its downward trend continues with little or no sign of a possible resurgence," said TracyJin, COO of crypto exchange MEXC. "On-chain activity is showing a clear sign of fatigue; daily transactions, gas usage, and DeFI volume are steadily declining, signaling that users and developers may gradually migrate to other chains that offer more scalability and cost efficiency. DEX volume has also decreased by almost 50% from its peak in late 2024, with the consistent delay of the Pectra upgrade adding further uncertainty to the network's future."
Why Is Ethereum Falling? Trump’sTariffs Affect Crypto
The WhiteHouse imposed reciprocal tariffs—starting at 10% on all imports and escalatingto 25% on key sectors like automobiles—targeting major trading partners likeChina, Canada, and Mexico. By April 2, these policies were in full swing, withthreats of further hikes looming. For retail investors, the connection mightnot be obvious, but here’s the breakdown:
Cryptocurrencieslike Ethereum are risk assets, thriving in bullish, low-interest-rateenvironments and faltering when investors turn risk-averse. Trump’s tariffsthreaten higher inflation and slower global growth, reducing liquidity andpushing capital toward safe havens like gold (up 19% year-to-date to $3,115)and the U.S. dollar.
"It's hard to find a solid, logical explanation for why Ethereum has dropped nearly 40% since early November," Dr Kirill Kretov from CoinPanel commented for FinanceMagnates.com. "There are a few theories floating around: frustration with Vitalik’s decisions, token dumping from a wallet linked to Trump, liquidity pulled by L2s like Base or shifted to alternatives like Solana. But these sound more like convenient public excuses rather than root causes."
As Kretov explains, earlier this year, the ByBit hack saw nearly 500,000 ETH (worth $1.3B) stolen and rapidly laundered through DEXs into BTC. ETH dropped about 25% from $2800 to $2100 in just two weeks, and that was with a clear and massive selling event. "But this current decline from over $4,000 in December to where we are now is deeper, more gradual, and oddly persistent. It feels like something bigger is happening behind the scenes," he added.
Falling #Ethereum Could Be the Canary In the Coal Mine - Ether may be on the way to revisiting its next round-number support level at $1,000, with implications for risk assets. Full report on Bloomberg here: https://t.co/vsuw0mMLAA {BI COMD}#commodities #gold #bitcoin… pic.twitter.com/61fhprgKPn
— Mike McGlone (@mikemcglone11) April 6, 2025
How Low Can Ethereum Go:Is $1,000 ETH’s Final Bottom?
Ethereum’scurrent price action isn’t uncharted territory. Cointelegraph highlights afractal pattern—repetitive cycles seen in 2018 and 2022—that’s eerily similarto today’s Ethereum price drop. In those years, ETH rallied to euphoric highs(e.g., $1,448 in 2018, $4,878 in 2021) before crashing into prolonged bearmarkets. Each cycle shared telltale signs:
- BearishDivergence: Higherprice peaks paired with lower highs in the Relative Strength Index (RSI),signaling weakening momentum.
- FibonacciRetracements: Aftertopping out, ETH retraced through key Fibonacci levels, often bottoming nearthe 0.618–0.786 zones.
- OversoldConditions: Cyclelows formed when RSI dipped below 30, a classic oversold threshold.
Cointelegraph’sfractal analysis pegs the next targets at $990–$1,240, aligning with the0.618–0.786 Fibonacci zone. If history repeats, $1,000 could indeed be thefinal bottom.
From myperspective, however, much depends on how Ethereum’s price behaves by the endof this week. If it closes below $1,500—and thus below the support zoneestablished in 2023—I anticipate further declines. However, if it closes abovethis level, marked in red on the chart, I’ll forecast a stronger rebound. Myfirst target? The highs from March 2023, which align with the lows from lastyear’s summer vacation period, around $2,121.
Beyondtechnicals, Ethereum’s onchain data offers another clue. The Net UnrealizedProfit/Loss (NUPL) metric, tracked by Glassnode, has slipped into“capitulation” territory—where most ETH holders are holding at a loss. Thisisn’t new: in March 2020, NUPL turned negative just before ETH rebounded from$90 post-COVID crash. In June 2022, it hit capitulation again, preceding a lowof $880. Today, with ETH at $1,400 and NUPL echoing these prior setups, theparallels are striking.
"Withmost long-term investors now holding at a loss, Ethereum could be at risk offalling out of favour with its long-term adopters. According to CoinGlass, openinterest in Ethereum futures fell to its lowest level since mid-March this weekat $17 billion. At the end of last month, the contract value was approaching$24 billion, but over the past two weeks, OI for ETH in the crypto derivativesmarket has significantly decreased," added Jin.
Others also liked: Will Ethereum Go Up? Price Bounces Off Lows, but Market Signals Remain Bearish
Ethereum News, FAQ
Will Ethereum Rise Again?
Yes,Ethereum is likely to rise again—but timing is everything. Today’s setupmirrors those bottoms: the Net Unrealized Profit/Loss (NUPL) is in“capitulation” territory, and RSI (at 32) nears oversold (<30), suggesting arebound could be near if it hits $1,000–$1,240. My own analysis aligns here: ifETH closes above $1,500 by week’s end—holding the 2023 support zone—a strongerrally to $2,121 (March 2023 highs) is plausible.
Is Ethereum a Good BuyRight Now?
It dependson your strategy. For long-term retail investors, ETH at $1,400—potentiallydropping to $1,000—offers a compelling entry if it stabilizes near the fractalfloor. Over 50% of ETH’s supply was bought between $1,000–$2,600, creating ahigh-demand zone (Cointelegraph), and capitulation often marks bottoms.Dollar-cost averaging here could mitigate risk. For traders, it’s trickier: RSIhasn’t hit oversold, and a close below $1,500 might signal further declines to$1,000 or lower.
Why Is ETH Falling?
Ethereum’sfall is a perfect storm. Trump’s 2025 tariffs—starting at 10% and escalating to25%—have sparked a risk-off wave, slashing crypto market cap by $800 billionsince January (Bloomberg). ETH, a volatile altcoin, dropped 65% from $4,095 inthree months, outpacing Bitcoin’s 23% decline.
How Much Will 1 ETH Costin 2030?
Optimistslike Kain Warwick see $20,000+ if DeFi and NFTs rebound. Bearish risks—likeprolonged tariff wars or regulatory hurdles—might cap it at $3,000–$5,000. Fornow, $10,000 is a balanced guess, but monitor macro trends and ETH/BTC momentum(0.018 today) for shifts.
Want to dive deeperinto Ethereum’s price plunge and what it means for your crypto investments?Check out expert insights and the latest market analysis at FinanceMagnates.comto stay ahead of the curve in this turbulent crypto landscape.
As of Wednesday,April 9, 2025, Ethereum (ETH), the world’s second-largest cryptocurrency, hashit a grim milestone: its lowest price in two years, dipping below $1,500.
ThisEthereum price drop is more than just a number—it’s a signal of turbulence inthe crypto market, sparked by an unexpected macroeconomic shock. U.S. PresidentDonald Trump’s sweeping tariffs have sent shockwaves through global markets,and cryptocurrencies are no exception.
With ETHshedding over 60% of its value from its December 2024 peak of $4,100, questionsare mounting: Why is Ethereum falling? How do Trump’s tariffs impact crypto?And what does this mean for your portfolio?
Ethereum’sdecline didn’t happen overnight. As of today, April 9, 2025, ETH trades at$1,476, down from a high of $4,100 in December 2024—a staggering 64% drop.
Accordingto CoinMarketCap data, over the past 30 days, the ETH price has dropped by morethan 30%, and in just the last 24 hours, it has declined by nearly 6%. Thetotal market capitalization of Ethereum has also significantly contracted,falling to $178 billion.
Market datashows over $400 million in Ethereum liquidations in the past 24 hours alone,with long positions bearing the brunt at $341 million. This deleveraging eventreflects panic selling, a common reaction when risk assets likecryptocurrencies face external shocks.
You should also check: Ethereum price prediction and $10,000 target
Ethereum vs. Bitcoin – AHistorical Struggle Hits a Five-Year Low
This isn’tEthereum’s first rodeo with volatility; since its inception, ETH has onlyoutperformed Bitcoin 15% of the time, often lagging during broad marketdownturns.
Why thedisparity? Bitcoin’s “digital gold” narrative thrives in risk-off environmentslike today’s tariff-driven uncertainty, while Ethereum’s growth story—tied tonetwork usage and layer-2 scaling—struggles to resonate amid a broader marketslump. For retail investors, this historical underperformance is a wake-upcall: ETH’s price analysis often hinges on BTC’s trajectory.
The ETH/BTCratio’s plunge to 0.018 on April 9—the lowest since December 2019, when ETH hit$125 and BTC traded at $7,000—signals more than just a price drop; it’s abarometer of investor sentiment. At 0.018, it takes 55 ETH to buy 1 BTC, astark contrast to 2021’s high of 0.08 (12.5 ETH per BTC).
— _Checkmate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) April 8, 2025The ETH/BTC has now underperformed holding BTC for 85% of trading days...
A truly remarkable decline. pic.twitter.com/zsXpDWZSBi
"ETH is entering a very concerning phase as its downward trend continues with little or no sign of a possible resurgence," said TracyJin, COO of crypto exchange MEXC. "On-chain activity is showing a clear sign of fatigue; daily transactions, gas usage, and DeFI volume are steadily declining, signaling that users and developers may gradually migrate to other chains that offer more scalability and cost efficiency. DEX volume has also decreased by almost 50% from its peak in late 2024, with the consistent delay of the Pectra upgrade adding further uncertainty to the network's future."
Why Is Ethereum Falling? Trump’sTariffs Affect Crypto
The WhiteHouse imposed reciprocal tariffs—starting at 10% on all imports and escalatingto 25% on key sectors like automobiles—targeting major trading partners likeChina, Canada, and Mexico. By April 2, these policies were in full swing, withthreats of further hikes looming. For retail investors, the connection mightnot be obvious, but here’s the breakdown:
Cryptocurrencieslike Ethereum are risk assets, thriving in bullish, low-interest-rateenvironments and faltering when investors turn risk-averse. Trump’s tariffsthreaten higher inflation and slower global growth, reducing liquidity andpushing capital toward safe havens like gold (up 19% year-to-date to $3,115)and the U.S. dollar.
"It's hard to find a solid, logical explanation for why Ethereum has dropped nearly 40% since early November," Dr Kirill Kretov from CoinPanel commented for FinanceMagnates.com. "There are a few theories floating around: frustration with Vitalik’s decisions, token dumping from a wallet linked to Trump, liquidity pulled by L2s like Base or shifted to alternatives like Solana. But these sound more like convenient public excuses rather than root causes."
As Kretov explains, earlier this year, the ByBit hack saw nearly 500,000 ETH (worth $1.3B) stolen and rapidly laundered through DEXs into BTC. ETH dropped about 25% from $2800 to $2100 in just two weeks, and that was with a clear and massive selling event. "But this current decline from over $4,000 in December to where we are now is deeper, more gradual, and oddly persistent. It feels like something bigger is happening behind the scenes," he added.
Falling #Ethereum Could Be the Canary In the Coal Mine - Ether may be on the way to revisiting its next round-number support level at $1,000, with implications for risk assets. Full report on Bloomberg here: https://t.co/vsuw0mMLAA {BI COMD}#commodities #gold #bitcoin… pic.twitter.com/61fhprgKPn
— Mike McGlone (@mikemcglone11) April 6, 2025
How Low Can Ethereum Go:Is $1,000 ETH’s Final Bottom?
Ethereum’scurrent price action isn’t uncharted territory. Cointelegraph highlights afractal pattern—repetitive cycles seen in 2018 and 2022—that’s eerily similarto today’s Ethereum price drop. In those years, ETH rallied to euphoric highs(e.g., $1,448 in 2018, $4,878 in 2021) before crashing into prolonged bearmarkets. Each cycle shared telltale signs:
- BearishDivergence: Higherprice peaks paired with lower highs in the Relative Strength Index (RSI),signaling weakening momentum.
- FibonacciRetracements: Aftertopping out, ETH retraced through key Fibonacci levels, often bottoming nearthe 0.618–0.786 zones.
- OversoldConditions: Cyclelows formed when RSI dipped below 30, a classic oversold threshold.
Cointelegraph’sfractal analysis pegs the next targets at $990–$1,240, aligning with the0.618–0.786 Fibonacci zone. If history repeats, $1,000 could indeed be thefinal bottom.
From myperspective, however, much depends on how Ethereum’s price behaves by the endof this week. If it closes below $1,500—and thus below the support zoneestablished in 2023—I anticipate further declines. However, if it closes abovethis level, marked in red on the chart, I’ll forecast a stronger rebound. Myfirst target? The highs from March 2023, which align with the lows from lastyear’s summer vacation period, around $2,121.
Beyondtechnicals, Ethereum’s onchain data offers another clue. The Net UnrealizedProfit/Loss (NUPL) metric, tracked by Glassnode, has slipped into“capitulation” territory—where most ETH holders are holding at a loss. Thisisn’t new: in March 2020, NUPL turned negative just before ETH rebounded from$90 post-COVID crash. In June 2022, it hit capitulation again, preceding a lowof $880. Today, with ETH at $1,400 and NUPL echoing these prior setups, theparallels are striking.
"Withmost long-term investors now holding at a loss, Ethereum could be at risk offalling out of favour with its long-term adopters. According to CoinGlass, openinterest in Ethereum futures fell to its lowest level since mid-March this weekat $17 billion. At the end of last month, the contract value was approaching$24 billion, but over the past two weeks, OI for ETH in the crypto derivativesmarket has significantly decreased," added Jin.
Others also liked: Will Ethereum Go Up? Price Bounces Off Lows, but Market Signals Remain Bearish
Ethereum News, FAQ
Will Ethereum Rise Again?
Yes,Ethereum is likely to rise again—but timing is everything. Today’s setupmirrors those bottoms: the Net Unrealized Profit/Loss (NUPL) is in“capitulation” territory, and RSI (at 32) nears oversold (<30), suggesting arebound could be near if it hits $1,000–$1,240. My own analysis aligns here: ifETH closes above $1,500 by week’s end—holding the 2023 support zone—a strongerrally to $2,121 (March 2023 highs) is plausible.
Is Ethereum a Good BuyRight Now?
It dependson your strategy. For long-term retail investors, ETH at $1,400—potentiallydropping to $1,000—offers a compelling entry if it stabilizes near the fractalfloor. Over 50% of ETH’s supply was bought between $1,000–$2,600, creating ahigh-demand zone (Cointelegraph), and capitulation often marks bottoms.Dollar-cost averaging here could mitigate risk. For traders, it’s trickier: RSIhasn’t hit oversold, and a close below $1,500 might signal further declines to$1,000 or lower.
Why Is ETH Falling?
Ethereum’sfall is a perfect storm. Trump’s 2025 tariffs—starting at 10% and escalating to25%—have sparked a risk-off wave, slashing crypto market cap by $800 billionsince January (Bloomberg). ETH, a volatile altcoin, dropped 65% from $4,095 inthree months, outpacing Bitcoin’s 23% decline.
How Much Will 1 ETH Costin 2030?
Optimistslike Kain Warwick see $20,000+ if DeFi and NFTs rebound. Bearish risks—likeprolonged tariff wars or regulatory hurdles—might cap it at $3,000–$5,000. Fornow, $10,000 is a balanced guess, but monitor macro trends and ETH/BTC momentum(0.018 today) for shifts.
Want to dive deeperinto Ethereum’s price plunge and what it means for your crypto investments?Check out expert insights and the latest market analysis at FinanceMagnates.comto stay ahead of the curve in this turbulent crypto landscape.
