Explore the latest developments concerning ETH USD Is.
ETH USD Is Trapped: Ethereum Price Prediction Sounds Alarm on Bear Channel
That’s it. I’m done. I’m done with crypto. Lamest bull market of my life. didn’t even make it to 150k. Tom Lee’s Ethereum price prediction was wrong, and ETH made a new ATH for all of two seconds. There was no alt season.
And the only coins that did anything notable were flagrant casino 1000x tokens. Future of finance my ass.
Meanwhile, Ether cracked below the $3,100 level for the first time since early November, slipping to $3,066 on Sunday during a broader crypto pullback.
The drop came alongside a surge in ETF redemptions and growing concerns that Ethereum is becoming the “risk-on” trade of the sector. So what’s going on with Ethereum? Is it dying?
Ethereum’s (ETH) Price Falls 40% from All-Time High as Crypto Slide Accelerates
The price of Ethereum (ETH) is down 40% from the all-time high it reached in August of this year as the selloff in digital assets accelerates.
ETH hit a record high of $4,946.05 on Aug. 24 of this year, coming within a whisker of breaking above the $5,000 level for the first time. Since then, it has been all downhill for Ethereum, which is now struggling to remain above $3,000, having fallen 40% in recent months.
Ethereum is now at its lowest level since May of this year, when cryptocurrencies were clawing their way back from the selloff sparked by U.S. President Donald Trump’s tariff regime. Year-to-date, ETH is down 5%. Its decline has coincided with a 25% selloff in Bitcoin (BTC), the largest cryptocurrency by market capitalization.
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Ether Dips Below $3,100; Investment Manager Says Market Views ETH as 'More Risky' Than BTC
Ether ETH$3,048.66 traded below $3,100 on Sunday during a broader pullback in digital assets. The token was recently near $3,066 at 9:36 p.m. UTC, down 3.4% over the past 24 hours. It briefly fell through the $3,100 level on Bitstamp at about 4 p.m. UTC, marking its first break beneath that threshold since Nov. 4, based on data from TradingView.
Timothy Peterson, an investment manager and digital asset researcher at Cane Island Alternative Advisors, said spot ether ETFs posted net outflows in four of the past five weeks, totaling roughly 7% of the cost-basis capital invested in the products. He said bitcoin ETFs saw about 4% withdrawn over the same period, a smaller share that he believes indicates investors currently view ether as the riskier asset.
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