Ether (ETH) has seen a decrease of 43% since the beginning of the year, reaching a peak of $3,744 in 2025 before retreating to its current price of $1,899. The CEO of a leading analytics firm noted that ether has undergone unprecedented levels of selling activity in the last three months—the highest seen in five years.
Research reveals that the ether-to-bitcoin (ETH/BTC) ratio has fallen to its lowest point in five years, with the four-year compound annual growth rate (CAGR) turning negative in comparison to bitcoin.
ETH has only briefly fallen below $1,900 a few times since 2020. If you purchased ether between June 2022 and October 2023, or at any time during 2020, you are likely in a profitable position now.
Data indicates that short-term holders (STHs) of ETH—defined as those owning it for less than 155 days—are facing significant realized losses. Long-term holders (LTHs) are also starting to capitulate.
Moreover, the realized losses have predominantly been linked to large holders or “whales” who possess 100,000 ETH or more, especially since February, according to the data.
Disclaimer: Some portions of this article have been created using AI tools and verified by our editorial staff to maintain accuracy and compliance with our editorial standards.