ETH prices fell to $1,720 on Coinbase in early trading on Thursday morning, according to TradingView. This is the lowest the asset has been since April 2025, more than a year ago.
Ether tanked to a low of $1,400 back then, so that could serve as the bottom support zone again if prices keep falling. The asset had reclaimed $1,800 at the time of writing but remains down a painful 64% from its August peak.
Textbook Late-Cycle Capitulation
Research lead at Bitrue Research Institute, Andri Fauzan Adziima, told 크립토포테이토 on Thursday that Ethereum crashing to these $1,800 multi-month lows is a “screaming buy-the-dip opportunity right now.”
It has been triggered by macro risk-off sentiment, such as rising yields, US-Iran tensions, and broader market uncertainty, pushing investors toward safer assets like AI stocks, he added.
Yet with 32.5% of the supply staked in “unbreakable long-term conviction,” DeFi TVL holding steady near $39 billion despite the pain, robust network usage, and ongoing institutional accumulation, “the fundamentals have never been stronger,” he said.
“This is textbook late-cycle capitulation, flushing weak hands while the ecosystem advances.”
Macro trading outlet Milk Road 말했다 on Thursday that its lead analyst just liquidated the last of his ETH, citing its “flat long-term price” as the main reason.
However, another analyst countered, “Either this whole asset class grows into the tens or hundreds of trillions of dollars, or it goes to zero,” adding that he “sees no world where ETH just sits between $200 billion and $300 billion [market cap] forever.”
Head of research at Lisk, Leon Waidmann, also remained bullish, looking at the onchain data such as ETH on exchanges falling to a multi-year low, staking at an all-time high, and network transactions peaking.
“Holders aren’t selling. They’re accumulating and committing. Price follows sentiment short term. Onchain follows behavior. Right now they point in opposite directions.”
ETH price is stuck near $1.9K. Everyone’s bearish.
The onchain data tells the opposite story!
ETH on exchanges: crashing to ~15.1M (multi-year low)
Staking rate: fresh ALL-TIME HIGH at 32.42%
Transactions: ALL-TIME HIGH
Less ETH on exchanges = less supply to sell.… pic.twitter.com/OVf1ryQSyO
— Leon Waidmann (@LeonWaidmann) June 3, 2026
Crypto Market Cap Down Another $100B
Ether is not the only crypto asset in pain today, as markets have shed a further $100 billion, dumping them by 4% to $2.3 trillion. Bitcoin tanked to an intraday low of $61,500 on Thursday morning, a level very close to its February 6 bottom.
Meanwhile, there were larger losses for BNB, Solana, Cardano, and Stellar as the flushout continues.
게시물 Ethereum Crashing to 14-Month Low Is a ‘Screaming Buy-The-Dip Opportunity’ – Analyst 에 처음 등장 크립토포테이토.



ETH on exchanges: crashing to ~15.1M (multi-year low)











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