Here’s Where Ethereum Traders Say ETH Will Bottom After Losing $3K
Ether (ETH) has dropped 42% from its all-time high of $4,950 and is currently trading below $3,000. Analysts highlight underperformance compared to Bitcoin and warn that losing the $2,800 support could bring ETH down to the next key level around $2,100, where significant buying previously occurred. While only an 11% probability is assigned to ETH dropping to $2,000-$2,200 before the end of 2025, there is a 59% chance of a fall to $2,000 by 2026. Historical bear markets saw ETH retrace 80–90%, so the current decline is not extreme by past standards. Meanwhile, US-based spot Ethereum ETFs have experienced $533.1 million of outflows over five days, signaling reduced institutional demand. Daily ETH purchases by treasury companies have also sharply decreased. Multiple on-chain and technical indicators are turning bearish, suggesting potential further downside for ETH in the near term.
