News View Non-AMP

Ethereum Price Hit Hard With 35% Drop: What This Means for Investors

Published by
Nidhi Kolhapur

With bearish sentiment growing in the crypto market, Ethereum’s (ETH) price continues to drop each week. The large-cap altcoin, valued at around $279 billion with a daily trading volume of about $15 billion, has fallen over 35% since July. As of Tuesday’s early New York session, Ethereum was trading at roughly $2,329.

In contrast to Bitcoin, the amount of Ethereum available on centralized exchanges has increased by about 250,000 units over the past two months. This rise points to a drop in demand, especially from institutional investors, as reflected by the poor performance of U.S. spot Ether ETFs.

Ethereum Price Analysis

According to crypto analyst Alan Santana, Ethereum’s price might keep falling in the near term if bearish signals persist. The weekly charts show weak bullish momentum, with both the MACD and RSI indicators in bearish zones.

Additionally, the ETH/BTC pair has gradually been shrinking in the past year, suggesting the altseason has not yet begun and more investors are protecting their capital through Bitcoin and stablecoins. 

Despite the current downturn, Santana notes that a potential relief rally in October or November could break Ethereum’s losing streak in the coming months

Crypto Market Picture

The crypto market might shift soon with the U.S. Federal Reserve expected to announce its first interest rate cuts on September 18. However, experts predict that the market might experience one more decline due to a “sell-the-news” reaction before potentially rebounding in the following months.

Additionally, the outcome of the upcoming U.S. general election could significantly influence the crypto industry’s future direction.

Also Read: China’s Real Estate Crisis Could Trigger A Crypto Crash, Analyst Warns

Is it time to shift your investment strategy away from Ethereum? Tell us what you think.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Trump Coin & Tesla Stock Crash Big Amid Elon Musk & Donald Trump Feud: Here’s What’s Next!

The row of feud between Elon Musk and Donald Trump regarding the bill has been…

June 6, 2025

Ripple News: Bitwise CIO Hints at Progress for XRP ETF Approval

The conversation around cryptocurrency Exchange-Traded Funds (ETFs) continues to surprise the crypto markets everyday, and…

June 6, 2025

Binance Compliance Chief, Tigran Gambaryan Leaves Binance After Detention in Nigeria

Tigran Gambaryan, Binance’s Head of Financial Crime Compliance, is officially parting ways with the crypto…

June 6, 2025

Ethereum’s $2M Options Bet Fuels Hopes of Sharp Price Surge

2025 has been a rollercoaster year for Ethereum. After plunging 45.3% in Q1, ETH rebounded…

June 6, 2025

Fartcoin Surges Over 14% After Coinbase Roadmap Surprise-Here’s What’s Next for the Price!

Fartcoin made headlines this week after a sharp 14% rally following its surprise inclusion in…

June 6, 2025

Coinbase Listing Hype Sends Fartcoin Back Into Top 100

Fartcoin is back in the spotlight! The joke-themed token jumped 12% in just one day…

June 6, 2025