Ethereum Price Drops 16% to $1,500 Amid Market Sell-Off
Ethereum's price has dropped 16% today, reaching $1,500, marking a 54% decline in 2025. This level was last seen in 2018, raising concerns over Ethereum's reputation as “ultrasound money.”
Key Points
- Ethereum's market performance has resulted in over $220 billion lost by investors this year.
- On-chain analyst Willy Woo noted Ethereum's compounded internal rate of return (IRR) is only 1.2% over the last seven years.
- Despite updates like the transition to Proof-of-Stake, price recovery has not occurred.
- Between March 31 and April 4, Ethereum spot ETFs saw net outflows of $49.93 million, indicating investor caution.
- Grayscale's Ethereum Trust ETF experienced the largest outflow at $31.08 million.
- The upcoming Pectra upgrade is anticipated to enhance network efficiency and scalability but has faced delays.
- Recent liquidations reached $367 million within 24 hours, yet some whales are buying during the dip.
Current institutional interest appears to be dwindling as ETH struggles for upward momentum.