Ether drops 8% to $1,625, hits April 2025 low
Ether (ETH) plunged more than 8% on June 5 to about $1,625, its lowest level since April 2025. It later steadied near $1,673. The move extends ETH’s broader drawdown from its August 2025 all-time high near $4,954, down roughly 67% peak-to-low.
The ETH selloff was part of a wider crypto rout. Bitcoin (BTC) fell about 5% to around $60,800 and posted its sixth straight daily decline—its longest losing streak since August 2025.
Privacy coins were hit hardest. Zcash (ZEC) dropped over 50% after reports of a critical security vulnerability, marking ZEC’s largest single-day loss since May 2021. Monero (XMR) slid as much as 17% in the same window.
On the macro side, the article links the move to continued capital outflows from US spot crypto ETFs, suggesting institutions are trimming tactical exposure when risk conditions deteriorate. It also points to a risk-off environment ahead of key US economic data and an upcoming Federal Reserve meeting. The breakdown of crypto’s “tech-stock-like” correlation is highlighted, with crypto down while tech stocks are not.
For traders, Ether’s sharp drop reinforces near-term downside risk if ETF outflows persist and macro uncertainty remains elevated.
Bearish
This news is bearish because it combines broad market pressure with signs of institutional de-risking.
First, Ether’s 8% drop to $1,625 (lowest since April 2025) signals strong downside momentum rather than a minor pullback. In similar risk-off episodes in crypto, once ETH breaks key recent support zones, traders often rotate to cash/stablecoins and wait for ETF and macro catalysts.
Second, the selloff is not isolated: Bitcoin also logged a long losing streak (six straight days). That breadth typically reduces the odds of a quick, ETH-specific recovery.
Third, sustained outflows from US spot crypto ETFs are a direct mechanism for continued selling pressure. Historically, when ETF flows turn persistently negative, rebounds tend to be weaker and more dependent on short-covering rather than organic inflows.
Finally, the ZEC-specific 50% crash highlights idiosyncratic coin risk (security-driven blowups). That can increase overall “risk premium” across smaller caps, leading traders to demand more confirmation before buying.
Short-term, expect volatility and potential further downside if ETF outflows and macro uncertainty persist. Long-term, the eventual stabilization will likely require improved ETF flow momentum and a clearer macro backdrop; until then, rallies may face supply overhead.