Ethereum’s price has fallen to its lowest level since the beginning of 2021. The ETH/BTC ratio has fallen to a 3.5-year low of 0.039. This indicates weakness in the second-largest cryptocurrency. The Ethereum price drop has shocked the cryptocurrency world and triggered intense analysis of the ETH market.
Ethereum’s uncertain road: Overcoming market volatility and security challenges
ETH/BTC ratio hits lowest point
The ETH/BTC pair is at its lowest point since April 2021. Benjamin Cowen, founder of ITC Crypto, said, "ETH/BTC could bottom out between 0.03-0.04 and then trend upwards in 2025." He added, "It could bottom out as early as this week and as late as December. Based on previous declines, I think this will happen soon."
Decline in online activity and market sentiment
Ethereum's network activity has declined in recent months. Some experts believe this is only temporary. "Fundamentally, nothing negative has happened to Ethereum. The current trend is artificially driven by a lot of FUD in the market," said one analyst. They believe the price drop is intended to scare investors into selling.
Whale activity raises concerns
A long-dormant Ethereum whale has started selling. The investor bought 16,636 ETH in 2016 at about $5.24 per ETH. They are now exchanging ETH for USDT. The sell-off coincides with the ETH price falling below $2,300.
Conflicting signals and future prospects
Despite the downturn, some analysts see hope. Galaxy Trading noted that “people forget how fast ETH can rise once it starts.” They added, “ETH is approaching its biggest support line since its inception. Now is not the time to be bearish.”
Market sentiment is at historic lows
The ETH crisis has pushed market sentiment to its lowest point since 2017. Many experts believe that this extreme negativity could mark a turning point. One analyst said: “A reversal is expected soon, as the halving is currently about 150 days away.”
The cryptocurrency community is divided over the future of Ethereum. Some see the ETH price drop as an opportunity to buy, while others fear that the price will fall further. The next few weeks will be crucial for Ethereum to recover from this historic low, and we will update you here as it continues to fall.
