Ethereum has fallen to its lowest price level in more than a year as selling pressure continues to weigh on the broader cryptocurrency market.
According to TradingView data, ETH dropped to around $1,720 on Coinbase during early Thursday trading, marking its weakest performance since April 2025. The asset later recovered above $1,800 but remains approximately 64% below its August high.
Ethereum previously declined to nearly $1,400 in April 2025, a level that traders are now watching closely as a possible support zone if the current downturn continues.
Analysts View Decline as a Sign of Market Capitulation
Despite the sharp correction, some market observers believe the selloff may present a long term opportunity for investors.
Andri Fauzan Adziima, Research Lead at Bitrue Research Institute, described Ethereum’s return to the $1,800 range as a significant buying opportunity. He attributed the recent weakness to a risk averse market environment driven by rising bond yields, geopolitical tensions between the United States and Iran, and broader economic uncertainty, all of which have encouraged investors to seek safer investments, including artificial intelligence related stocks.
Adziima noted that Ethereum’s underlying fundamentals remain strong despite the price decline. He highlighted that roughly 32.5% of ETH’s circulating supply is currently staked, demonstrating long term investor commitment. He also pointed to decentralized finance activity, with total value locked remaining near $39 billion, along with sustained network usage and continued institutional accumulation.
According to him, the current market conditions resemble a classic capitulation phase, where weaker investors exit positions while the broader ecosystem continues to develop.
Mixed Views on Ethereum’s Future
Not all analysts share the same outlook. Crypto market platform Milk Road reported that its lead analyst recently sold the remainder of his Ethereum holdings, citing the asset’s lack of meaningful long term price appreciation.
However, another market commentator argued that the digital asset industry faces a more binary outcome. In his view, the sector will either expand into a market worth tens or even hundreds of trillions of dollars or fail entirely. He dismissed the possibility of Ethereum remaining indefinitely within its current market capitalization range.
Meanwhile, Leon Waidmann remains optimistic based on blockchain data. He pointed to a multi year low in ETH held on exchanges, record levels of staking participation, and increasing transaction activity as signs of strong investor conviction.
According to Waidmann, while market sentiment remains weak in the short term, onchain metrics suggest holders are continuing to accumulate rather than sell.
Broader Crypto Market Suffers Heavy Losses
Ethereum’s decline comes amid a broader cryptocurrency market selloff. Total crypto market capitalization has fallen by another $100 billion, pushing the sector’s value down 4% to approximately $2.3 trillion.
Bitcoin also came under pressure, dropping to an intraday low of around $61,500, close to levels last seen in early February. Several major altcoins experienced even steeper losses, including Solana, Cardano, and Stellar, as the market downturn continued to accelerate.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
