Ethereum Falls Below $1,600 for the First Time Since April 2025
The crypto market has just suffered a violent blow. Within a few hours, Ethereum broke its strongest technical support level of recent months. Trading data confirms a sharp break below $1,600. A chart floor that had not been revisited since April 2025. This break fuels concerns about ETH’s short-term momentum. But not only! Predictive markets are also starting to revise their scenarios for the coming weeks.
In Brief
- Ethereum fell below $1,600 for the first time since April 2025.
- The decline occurs in a context marked by ETF outflows and macroeconomic uncertainties.
- Maintaining or not the price above $1,500 will determine the trend’s continuation.
A Rapid Fall of Ethereum with Deep Roots
In May, Ethereum showed a 59% loss from its August peak. According to the latest data, the king of altcoins lost more than 10% in a week. It thus deepens a decline of over 31% since the beginning of the year. According to crypto analysts, several factors explain this dizzying drop in ETH price.
In May 2026, net outflows of spot ETH ETFs reached $401.62 million. This breaks a series of positive months in 2024 and 2025. This institutional disengagement weighs heavily on market sentiment.
Crypto experts also point to massive moves operated by crypto whales. Some transferred tens of thousands of ETH to exchanges to cut their losses or take defensive profits.
Added to this are the DeFi slowdown and historically low gas fees that reduce the internal burning of tokens. This weakens the deflationary aspect of the Ethereum network. The market reaction was immediate: leveraged positions were wiped out, accelerating the decline of the ETH price.
What Future for the King of Altcoins?
Some crypto experts see in the $1,550 – $1,600 zone a major accumulation opportunity for the long term. Others fear instead an extension of the ETH price decline.
If Ethereum fails to quickly regain $1,650, the risk of the token testing the psychological support of $1,500 will become unavoidable. The battle between buyers and sellers thus promises to be fierce in the coming hours.
For their part, major institutions are revising their outlook. Standard Chartered, for example, has lowered its 2026 price target for Ethereum by 47%, bringing it down to $4,000. However, it maintains its long-term forecast at $40,000 for 2030. The bank expects a rebound of ETH after a possible bottom near $1,400.
One thing is certain: Ethereum’s evolution in the coming days could serve as a barometer for the entire crypto market. Story to follow closely…
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.