Ethereum (ETH), along with Bitcoin, has been heavily impacted by the overall bear market wave in the cryptocurrency market. The current price is trading in the $1,790-$1,850 range (having tested the $1,750 level with a 13-17% drop in the last 24 hours). This level marks the lowest point seen since May 2025 and represents a loss of approximately 63-65% from the historical peak of around $4,900 reached in October 2025. Key Points:
Recent downtrend: Parallel to Bitcoin's decline to around $63,000, ETH also experienced sharp selling due to liquidation of leveraged positions, exits from ETFs, and g