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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.
Authors credited by the source: Bhushan Akolkar
Published by Holder based on an external source.
