Ethereum down 42% from all-time high: Where will ETH price bottom?
Ether has dropped 42% from its peak, with analysts suggesting a potential bottom near $2,100 if the $2,800 support fails.Summary
Ether (ETH) has fallen 42% from its all-time high of $4,950, leading traders to question where the price might bottom. Analyst Daan Crypto Trades noted that while ETH has underperformed Bitcoin this cycle, the ecosystem has matured. A key technical analysis suggests that if ETH loses the critical support level at $2,800, the next major support is around $2,100, where significant prior acquisition occurred.
Further risks for bulls stem from declining institutional demand for US-based spot Ethereum ETFs, which saw five consecutive days of outflows totaling $533.1 million. Additionally, daily purchases by Ethereum treasury companies have significantly decreased from their peak. Despite these bearish indicators, current drawdowns are relatively shallow compared to previous bear cycles, which saw 80-90% declines. Polymarket bettors show low probability for a drop to $2,000-$2,200 before the end of 2025.
(Source：Cointelegraph)