ETH hits $1,400, a 2-yr low, as Trump’s tariffs tank crypto; fractal data hints at a $1,000 bottom.
Ethereum lags Bitcoin 85% of the time since 2015, while ETH/BTC ratio at 0.018 signals deeper declines.
Will ETH rise? Maybe—if it holds $1,500 this week. Long-term, $10K by 2030 is possible.
Why is Ethereum price going down today? Let's check current technical analysis and price predictions
As of Wednesday,
April 9, 2025, Ethereum (ETH), the world’s second-largest cryptocurrency, has
hit a grim milestone: its lowest price in two years, dipping below $1,500.
This
Ethereum price drop is more than just a number—it’s a signal of turbulence in
the crypto market, sparked by an unexpected macroeconomic shock. U.S. President
Donald Trump’s sweeping tariffs have sent shockwaves through global markets,
and cryptocurrencies are no exception.
With ETH
shedding over 60% of its value from its December 2024 peak of $4,100, questions
are mounting: Why is Ethereum falling? How do Trump’s tariffs impact crypto?
And what does this mean for your portfolio?
According
to CoinMarketCap data, over the past 30 days, the ETH price has dropped by more
than 30%, and in just the last 24 hours, it has declined by nearly 6%. The
total market capitalization of Ethereum has also significantly contracted,
falling to $178 billion.
Ethereum price today is the lowest in the last two years. Source: CoinMarketCap
Market data
shows over $400 million in Ethereum liquidations in the past 24 hours alone,
with long positions bearing the brunt at $341 million. This deleveraging event
reflects panic selling, a common reaction when risk assets like
cryptocurrencies face external shocks.
Ethereum vs. Bitcoin – A
Historical Struggle Hits a Five-Year Low
This isn’t
Ethereum’s first rodeo with volatility; since its inception, ETH has only
outperformed Bitcoin 15% of the time, often lagging during broad market
downturns.
Why the
disparity? Bitcoin’s “digital gold” narrative thrives in risk-off environments
like today’s tariff-driven uncertainty, while Ethereum’s growth story—tied to
network usage and layer-2 scaling—struggles to resonate amid a broader market
slump. For retail investors, this historical underperformance is a wake-up
call: ETH’s price analysis often hinges on BTC’s trajectory.
The ETH/BTC
ratio’s plunge to 0.018 on April 9—the lowest since December 2019, when ETH hit
$125 and BTC traded at $7,000—signals more than just a price drop; it’s a
barometer of investor sentiment. At 0.018, it takes 55 ETH to buy 1 BTC, a
stark contrast to 2021’s high of 0.08 (12.5 ETH per BTC).
Tracy Jin, Chief Operating Officer (COO) of crypto exchange MEXC
"ETH is entering a very concerning phase as its downward trend continues with little or no sign of a possible resurgence," said Tracy
Jin, COO of crypto exchange MEXC. "On-chain activity is showing a clear sign of fatigue; daily transactions, gas usage, and DeFI volume are steadily declining, signaling that users and developers may gradually migrate to other chains that offer more scalability and cost efficiency. DEX volume has also decreased by almost 50% from its peak in late 2024, with the consistent delay of the Pectra upgrade adding further uncertainty to the network's future."
Why Is Ethereum Falling? Trump’s
Tariffs Affect Crypto
The White
House imposed reciprocal tariffs—starting at 10% on all imports and escalating
to 25% on key sectors like automobiles—targeting major trading partners like
China, Canada, and Mexico. By April 2, these policies were in full swing, with
threats of further hikes looming. For retail investors, the connection might
not be obvious, but here’s the breakdown:
Cryptocurrencies
like Ethereum are risk assets, thriving in bullish, low-interest-rate
environments and faltering when investors turn risk-averse. Trump’s tariffs
threaten higher inflation and slower global growth, reducing liquidity and
pushing capital toward safe havens like gold (up 19% year-to-date to $3,115)
and the U.S. dollar.
"It's hard to find a solid, logical explanation for why Ethereum has dropped nearly 40% since early November," Dr Kirill Kretov from CoinPanel commented for FinanceMagnates.com. "There are a few theories floating around: frustration with Vitalik’s decisions, token dumping from a wallet linked to Trump, liquidity pulled by L2s like Base or shifted to alternatives like Solana. But these sound more like convenient public excuses rather than root causes."
As Kretov explains, earlier this year, the ByBit hack saw nearly 500,000 ETH (worth $1.3B) stolen and rapidly laundered through DEXs into BTC. ETH dropped about 25% from $2800 to $2100 in just two weeks, and that was with a clear and massive selling event. "But this current decline from over $4,000 in December to where we are now is deeper, more gradual, and oddly persistent. It feels like something bigger is happening behind the scenes," he added.
How Low Can Ethereum Go:
Is $1,000 ETH’s Final Bottom?
Ethereum’s
current price action isn’t uncharted territory. Cointelegraph highlights a
fractal pattern—repetitive cycles seen in 2018 and 2022—that’s eerily similar
to today’s Ethereum price drop. In those years, ETH rallied to euphoric highs
(e.g., $1,448 in 2018, $4,878 in 2021) before crashing into prolonged bear
markets. Each cycle shared telltale signs:
Bearish
Divergence: Higher
price peaks paired with lower highs in the Relative Strength Index (RSI),
signaling weakening momentum.
Fibonacci
Retracements: After
topping out, ETH retraced through key Fibonacci levels, often bottoming near
the 0.618–0.786 zones.
Oversold
Conditions: Cycle
lows formed when RSI dipped below 30, a classic oversold threshold.
Cointelegraph’s
fractal analysis pegs the next targets at $990–$1,240, aligning with the
0.618–0.786 Fibonacci zone. If history repeats, $1,000 could indeed be the
final bottom.
ETH’s fractals. Source: Cointelegraph.com
From my
perspective, however, much depends on how Ethereum’s price behaves by the end
of this week. If it closes below $1,500—and thus below the support zone
established in 2023—I anticipate further declines. However, if it closes above
this level, marked in red on the chart, I’ll forecast a stronger rebound. My
first target? The highs from March 2023, which align with the lows from last
year’s summer vacation period, around $2,121.
Beyond
technicals, Ethereum’s onchain data offers another clue. The Net Unrealized
Profit/Loss (NUPL) metric, tracked by Glassnode, has slipped into
“capitulation” territory—where most ETH holders are holding at a loss. This
isn’t new: in March 2020, NUPL turned negative just before ETH rebounded from
$90 post-COVID crash. In June 2022, it hit capitulation again, preceding a low
of $880. Today, with ETH at $1,400 and NUPL echoing these prior setups, the
parallels are striking.
"With
most long-term investors now holding at a loss, Ethereum could be at risk of
falling out of favour with its long-term adopters. According to CoinGlass, open
interest in Ethereum futures fell to its lowest level since mid-March this week
at $17 billion. At the end of last month, the contract value was approaching
$24 billion, but over the past two weeks, OI for ETH in the crypto derivatives
market has significantly decreased," added Jin.
Yes,
Ethereum is likely to rise again—but timing is everything. Today’s setup
mirrors those bottoms: the Net Unrealized Profit/Loss (NUPL) is in
“capitulation” territory, and RSI (at 32) nears oversold (<30), suggesting a
rebound could be near if it hits $1,000–$1,240. My own analysis aligns here: if
ETH closes above $1,500 by week’s end—holding the 2023 support zone—a stronger
rally to $2,121 (March 2023 highs) is plausible.
Is Ethereum a Good Buy
Right Now?
It depends
on your strategy. For long-term retail investors, ETH at $1,400—potentially
dropping to $1,000—offers a compelling entry if it stabilizes near the fractal
floor. Over 50% of ETH’s supply was bought between $1,000–$2,600, creating a
high-demand zone (Cointelegraph), and capitulation often marks bottoms.
Dollar-cost averaging here could mitigate risk. For traders, it’s trickier: RSI
hasn’t hit oversold, and a close below $1,500 might signal further declines to
$1,000 or lower.
Why Is ETH Falling?
Ethereum’s
fall is a perfect storm. Trump’s 2025 tariffs—starting at 10% and escalating to
25%—have sparked a risk-off wave, slashing crypto market cap by $800 billion
since January (Bloomberg). ETH, a volatile altcoin, dropped 65% from $4,095 in
three months, outpacing Bitcoin’s 23% decline.
How Much Will 1 ETH Cost
in 2030?
Optimists
like Kain Warwick see $20,000+ if DeFi and NFTs rebound. Bearish risks—like
prolonged tariff wars or regulatory hurdles—might cap it at $3,000–$5,000. For
now, $10,000 is a balanced guess, but monitor macro trends and ETH/BTC momentum
(0.018 today) for shifts.
Want to dive deeper
into Ethereum’s price plunge and what it means for your crypto investments?
Check out expert insights and the latest market analysis at FinanceMagnates.com
to stay ahead of the curve in this turbulent crypto landscape.
As of Wednesday,
April 9, 2025, Ethereum (ETH), the world’s second-largest cryptocurrency, has
hit a grim milestone: its lowest price in two years, dipping below $1,500.
This
Ethereum price drop is more than just a number—it’s a signal of turbulence in
the crypto market, sparked by an unexpected macroeconomic shock. U.S. President
Donald Trump’s sweeping tariffs have sent shockwaves through global markets,
and cryptocurrencies are no exception.
With ETH
shedding over 60% of its value from its December 2024 peak of $4,100, questions
are mounting: Why is Ethereum falling? How do Trump’s tariffs impact crypto?
And what does this mean for your portfolio?
According
to CoinMarketCap data, over the past 30 days, the ETH price has dropped by more
than 30%, and in just the last 24 hours, it has declined by nearly 6%. The
total market capitalization of Ethereum has also significantly contracted,
falling to $178 billion.
Ethereum price today is the lowest in the last two years. Source: CoinMarketCap
Market data
shows over $400 million in Ethereum liquidations in the past 24 hours alone,
with long positions bearing the brunt at $341 million. This deleveraging event
reflects panic selling, a common reaction when risk assets like
cryptocurrencies face external shocks.
Ethereum vs. Bitcoin – A
Historical Struggle Hits a Five-Year Low
This isn’t
Ethereum’s first rodeo with volatility; since its inception, ETH has only
outperformed Bitcoin 15% of the time, often lagging during broad market
downturns.
Why the
disparity? Bitcoin’s “digital gold” narrative thrives in risk-off environments
like today’s tariff-driven uncertainty, while Ethereum’s growth story—tied to
network usage and layer-2 scaling—struggles to resonate amid a broader market
slump. For retail investors, this historical underperformance is a wake-up
call: ETH’s price analysis often hinges on BTC’s trajectory.
The ETH/BTC
ratio’s plunge to 0.018 on April 9—the lowest since December 2019, when ETH hit
$125 and BTC traded at $7,000—signals more than just a price drop; it’s a
barometer of investor sentiment. At 0.018, it takes 55 ETH to buy 1 BTC, a
stark contrast to 2021’s high of 0.08 (12.5 ETH per BTC).
Tracy Jin, Chief Operating Officer (COO) of crypto exchange MEXC
"ETH is entering a very concerning phase as its downward trend continues with little or no sign of a possible resurgence," said Tracy
Jin, COO of crypto exchange MEXC. "On-chain activity is showing a clear sign of fatigue; daily transactions, gas usage, and DeFI volume are steadily declining, signaling that users and developers may gradually migrate to other chains that offer more scalability and cost efficiency. DEX volume has also decreased by almost 50% from its peak in late 2024, with the consistent delay of the Pectra upgrade adding further uncertainty to the network's future."
Why Is Ethereum Falling? Trump’s
Tariffs Affect Crypto
The White
House imposed reciprocal tariffs—starting at 10% on all imports and escalating
to 25% on key sectors like automobiles—targeting major trading partners like
China, Canada, and Mexico. By April 2, these policies were in full swing, with
threats of further hikes looming. For retail investors, the connection might
not be obvious, but here’s the breakdown:
Cryptocurrencies
like Ethereum are risk assets, thriving in bullish, low-interest-rate
environments and faltering when investors turn risk-averse. Trump’s tariffs
threaten higher inflation and slower global growth, reducing liquidity and
pushing capital toward safe havens like gold (up 19% year-to-date to $3,115)
and the U.S. dollar.
"It's hard to find a solid, logical explanation for why Ethereum has dropped nearly 40% since early November," Dr Kirill Kretov from CoinPanel commented for FinanceMagnates.com. "There are a few theories floating around: frustration with Vitalik’s decisions, token dumping from a wallet linked to Trump, liquidity pulled by L2s like Base or shifted to alternatives like Solana. But these sound more like convenient public excuses rather than root causes."
As Kretov explains, earlier this year, the ByBit hack saw nearly 500,000 ETH (worth $1.3B) stolen and rapidly laundered through DEXs into BTC. ETH dropped about 25% from $2800 to $2100 in just two weeks, and that was with a clear and massive selling event. "But this current decline from over $4,000 in December to where we are now is deeper, more gradual, and oddly persistent. It feels like something bigger is happening behind the scenes," he added.
How Low Can Ethereum Go:
Is $1,000 ETH’s Final Bottom?
Ethereum’s
current price action isn’t uncharted territory. Cointelegraph highlights a
fractal pattern—repetitive cycles seen in 2018 and 2022—that’s eerily similar
to today’s Ethereum price drop. In those years, ETH rallied to euphoric highs
(e.g., $1,448 in 2018, $4,878 in 2021) before crashing into prolonged bear
markets. Each cycle shared telltale signs:
Bearish
Divergence: Higher
price peaks paired with lower highs in the Relative Strength Index (RSI),
signaling weakening momentum.
Fibonacci
Retracements: After
topping out, ETH retraced through key Fibonacci levels, often bottoming near
the 0.618–0.786 zones.
Oversold
Conditions: Cycle
lows formed when RSI dipped below 30, a classic oversold threshold.
Cointelegraph’s
fractal analysis pegs the next targets at $990–$1,240, aligning with the
0.618–0.786 Fibonacci zone. If history repeats, $1,000 could indeed be the
final bottom.
ETH’s fractals. Source: Cointelegraph.com
From my
perspective, however, much depends on how Ethereum’s price behaves by the end
of this week. If it closes below $1,500—and thus below the support zone
established in 2023—I anticipate further declines. However, if it closes above
this level, marked in red on the chart, I’ll forecast a stronger rebound. My
first target? The highs from March 2023, which align with the lows from last
year’s summer vacation period, around $2,121.
Beyond
technicals, Ethereum’s onchain data offers another clue. The Net Unrealized
Profit/Loss (NUPL) metric, tracked by Glassnode, has slipped into
“capitulation” territory—where most ETH holders are holding at a loss. This
isn’t new: in March 2020, NUPL turned negative just before ETH rebounded from
$90 post-COVID crash. In June 2022, it hit capitulation again, preceding a low
of $880. Today, with ETH at $1,400 and NUPL echoing these prior setups, the
parallels are striking.
"With
most long-term investors now holding at a loss, Ethereum could be at risk of
falling out of favour with its long-term adopters. According to CoinGlass, open
interest in Ethereum futures fell to its lowest level since mid-March this week
at $17 billion. At the end of last month, the contract value was approaching
$24 billion, but over the past two weeks, OI for ETH in the crypto derivatives
market has significantly decreased," added Jin.
Yes,
Ethereum is likely to rise again—but timing is everything. Today’s setup
mirrors those bottoms: the Net Unrealized Profit/Loss (NUPL) is in
“capitulation” territory, and RSI (at 32) nears oversold (<30), suggesting a
rebound could be near if it hits $1,000–$1,240. My own analysis aligns here: if
ETH closes above $1,500 by week’s end—holding the 2023 support zone—a stronger
rally to $2,121 (March 2023 highs) is plausible.
Is Ethereum a Good Buy
Right Now?
It depends
on your strategy. For long-term retail investors, ETH at $1,400—potentially
dropping to $1,000—offers a compelling entry if it stabilizes near the fractal
floor. Over 50% of ETH’s supply was bought between $1,000–$2,600, creating a
high-demand zone (Cointelegraph), and capitulation often marks bottoms.
Dollar-cost averaging here could mitigate risk. For traders, it’s trickier: RSI
hasn’t hit oversold, and a close below $1,500 might signal further declines to
$1,000 or lower.
Why Is ETH Falling?
Ethereum’s
fall is a perfect storm. Trump’s 2025 tariffs—starting at 10% and escalating to
25%—have sparked a risk-off wave, slashing crypto market cap by $800 billion
since January (Bloomberg). ETH, a volatile altcoin, dropped 65% from $4,095 in
three months, outpacing Bitcoin’s 23% decline.
How Much Will 1 ETH Cost
in 2030?
Optimists
like Kain Warwick see $20,000+ if DeFi and NFTs rebound. Bearish risks—like
prolonged tariff wars or regulatory hurdles—might cap it at $3,000–$5,000. For
now, $10,000 is a balanced guess, but monitor macro trends and ETH/BTC momentum
(0.018 today) for shifts.
Want to dive deeper
into Ethereum’s price plunge and what it means for your crypto investments?
Check out expert insights and the latest market analysis at FinanceMagnates.com
to stay ahead of the curve in this turbulent crypto landscape.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Gold Hits All Time High $4,420 as Dollar Weakens and Geopolitical Risks Rise
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
FINANCE MAGNATES LONDON SUMMIT 2025
FINANCE MAGNATES LONDON SUMMIT 2025
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
