Ether has experienced a significant downturn, plummeting 30% over the last week, dropping to $1,900 from $2,800. The decline aligns with a steep fall in future trading activity, with the open interest for Ether decreasing by over $15 billion during this same timeframe.

Key Insights:

• Ether dropped 30% in a week, going below the psychological $2,000 mark.
• The recent crash directs attention to a possible future decline towards the $1,000-$1,400 range.

ETH’s Decline with the Market

The ETH/USD pair recently fell under $2,000 for the first time since May 2025, hitting a nine-month low of $1,740. While it rebounded to $1,900 during the time of this writing, it faces the most significant weekly slump of 30% amongst leading cryptocurrencies. Notably, Bitcoin is trading at $66,340, down 21% weekly, and XRP lost over 21%, now trading just above $1.37.

Ether has seen a significant amount of long liquidations totaling $400 million in the past 24 hours, indicating intense selling behavior. Moreover, US-based spot Ether ETFs recorded net outflows of $1.1 billion in the last two weeks.

The combination of increased liquidation by major Ether holders, including co-founder Vitalik Buterin, reflects ongoing strong selling pressure that could further decrease Ether’s price.

What Lies Ahead for Ether?

Recently, Ether breached two crucial support levels: the 200-week simple moving average and key psychological prices of $3,000 and $2,000. Past trends suggest that the last time Ether dropped below the 200-week SMA, it resulted in a 45% price decrease. Historical patterns could indicate a potential further drop towards the $1,400 range.

Support Levels: 1) $1,500, 2) $1,300, 3) $1,000, each potentially attracting Ether’s price.

In conclusion, buyers may hesitate to engage until the market trend stabilizes, with the next significant support seen at $1,200 where around 1.5 million ETH were previously bought.