Ethereum Breaches $1,700 Support, Hitting Lowest Level Since April 2025

Key Facts

In a significant escalation of selling pressure across the crypto market, Ethereum has breached the critical $1,700 psychological support level for the first time since April 2025. According to analyst reports, this breakdown marks a new phase of the downturn following the liquidation of $1.2 billion in leveraged long positions. Data confirms the market has entered a capitulation phase, with short-term holders increasingly moving assets to exchanges to realize losses amid mounting volatility.

This decline aligns with a broader retreat in major digital assets, as Bitcoin recorded parallel losses that dampened sentiment across the sector. Per market data, the $1.2 billion total liquidation event reflects a global shift away from high-risk assets due to economic uncertainty. Compared to the previous quarter, cryptocurrency inflows to exchanges have surged significantly, which experts interpret as a technical signal for continued bearish momentum in the near term.

Ethereum settled below the $1,700 mark (at close June 4, 2026), clearing the path toward the next major downside target at $1,500. On the economic calendar, traders are closely monitoring upcoming speeches from Federal Reserve officials, including Kashkari and Schmid, to gauge the trajectory of US monetary policy, which remains a primary driver of liquidity for high-risk asset classes.