Ether (ETH) Has Fallen 43% Year-to-Date, It Hit a 2025 High of $3,744

Ether (ETH) has fallen 43% year-to-date, it hit a 2025 high of $3,744 before dropping to its current level of $1,899.

Ether (ETH) price has slid 43% year-to-date, hitting a 2025 high of $3,744 before slipping to its current level of $1,899. According to CryptoQuant CEO, Ki Young Ju, ether has seen "record levels of active selling" over the last three months - the highest in the last five years.

As the apex cryptocurrency, bitcoin, struggles to maintain the $70,000 level amid a recent rally, there has been a shift in narrative to highlight the significant year-to-delta downturn in ether price.

CoinDesk research indicates that the ether-to-bitcoin (ETH/BTC) ratio has declined to a five-year low, while the four-year compound annual growth rate (CAGR) has turned negative against bitcoin.

ETH has only dipped below $1,900 a handful of times since 2020. If you had purchased ether between June 2022 and October 2023, as well as throughout 2020, you would currently be in profit.

According to Glassnode data, short-term holders (STHs) - those who have held ETH for less than 155 days - are bearing the brunt of realized losses. However, long-term holders (LTHs) are also beginning to capitulate.

"The strong bid at $2k is no more. Even LTHs are rolling over now. Next support is 1.5k-1.3k where we saw the major accumulation range in 2022," one analyst stated on X, formerly Twitter.

According to on-chain data from Glassnode, realized losses have been primarily driven by whales holding 100,000 ETH or more, particularly since February.