Ether has lost 59% since its August peak; ETFs continue withdrawals

The cryptocurrency market continues to undergo strong turbulence, and Ether is no exception. Since its historic peak reached in August, the second-largest digital asset has dropped nearly 59%. Exchange-traded products linked to Ethereum are also experiencing a series of significant withdrawals, increasing investor concerns and sparking new speculation about the price trajectory in the coming months.

In brief

• Ether has dropped 59% since its historic August peak, currently trading around $2,014.
• Forecasts indicate a 63% probability of a new drop to $1,500 in the coming months.
• Ethereum ETFs have undergone 11 consecutive days of outflows, representing nearly $500 million withdrawn.
• Despite the decline, institutions continue to accumulate Ether, highlighting its central role in stablecoins and tokenized assets.

Bearish forecasts for Ether worry the markets

The Ether market remains under pressure as investors closely watch every price movement. It seems that forecasts on Ether price decline are endless, and the bearish trend continues to worry financial players. According to data from the Myriad platform, traders anticipate a significant short-term retracement, highlighting persistent uncertainty around the asset’s trajectory.

Here are the key figures summarizing this situation:

• Probability of a drop to $1,500: 63%, up 13% from the previous week.
• Decline over the past month: more than 10%.
• 24-hour variation: -0.8%.
• ETH price at the time of writing: $2,014.

These indicators show that, despite some institutional interest, Ether remains vulnerable to market fluctuations, and investors continue to closely monitor signals of recovery or further declines.

Ethereum ETFs record a series of massive outflows

Financial products linked to Ether, notably ETFs, are experiencing a complex period. According to data from Farside, nearly $500 million have been withdrawn over the last 11 days, confirming a persistent bearish trend in the exchange-traded product market.

Despite these outflows, some companies continue to accumulate Ethereum reserves. BitMine continues to accumulate ETH at a rapid pace. The company invested $237 million last week, bringing its total holdings to over $11 billion. This accumulation shows that institutional demand remains focused, even if it does not immediately translate into a price increase for Ether.

Ether retains its position despite market decline

Ryan Rasmussen, head of research at Bitwise, explains, in a statement attributed to Decrypt, that the bear market affects nearly all crypto assets, including Ether. He emphasizes that:

We are in a bear market, which affects almost all crypto assets, including Ethereum. Nevertheless, the platform retains a significant share of the stablecoin and tokenized asset markets, and financial institutions continue to rely on it. We anticipate a revaluation when the cryptocurrency market recovers and emerges from its bearish phase.

Ryan Rasmussen, head of research at Bitwise. Source: Decrypt.

However, according to him, Ethereum retains a significant share of the stablecoin and tokenized asset markets, ensuring continued use by financial institutions.

Furthermore, Polymarket forecasts indicate that Ether has a 51% chance of dropping back to $1,500 in 2026. Conversely, the probability of reaching highs such as $3,500 or $4,000 remains lower, at 26% and 16%, respectively. This volatility reflects the uncertain market context, where investors constantly evaluate Ether’s rebound potential amid the general cryptocurrency trend.

In conclusion, Ether is going through a bearish period marked by significant ETF withdrawals and cautious forecasts on market platforms. However, the continued accumulation by some investors shows enduring interest in this asset. Valuation could stabilize or rebound once the overall cryptocurrency market begins a recovery, but the exact trajectory remains difficult to anticipate in the coming months.