Ethereum Loses 13% in a Week but Gains 16,000 New Developers
Ethereum is down for now, having lost a lot of value this week, but it could surge in the near future thanks to continued developer interest
Quick overview
- Ethereum (ETH) has experienced a significant decline of 6.44% in the last day and 13% over the past week, dropping from $4,741 to $3,778.
- The downturn is attributed to the ongoing government shutdown and trade tensions between China and the U.S.
- Despite the current challenges, the Ethereum ecosystem is thriving with 16,000 new developers joining in 2025, indicating strong future potential.
- Ethereum has shown resilience, reaching an all-time high of $4,953 in August and outperforming Bitcoin in growth for much of the year.
Ethereum (ETH) is dropping fast, with a loss of 6.44% over the last day and 13% over the last week, but there may be some hope as thousands of developers join the Ethereum ecosystem.
Just 10 days ago, Ethereum was valued at $4,741 (ETH/USD) per token, but now the coin is down to $3,778. The sharp decline has been attributed to the lengthy government shutdown that is now in its third week as well as growing fears over trade conflicts between China and the United States.
ETH/USDIt is not all bad news for Ethereum, though, and there is some expectation of a quick upsurge since 16,000 new developers have joined the Ethereum ecosystem between January and September of 2025. Those numbers were recently published by the Ethereum Foundation, with information sourced from Electric Capital.
What Do New Developers Mean for Ethereum?
The growing interest this year in Ethereum’s ecosystem mean that the coin has more value than just as a digital currency. Too many crypto coins crash and burn because they have no intrinsic value, but Ethereum’s founders have done an excellent job of making sure that Ethereum is more than simply a weightless token.
The Ethereum development ecosystem is thriving, and the coin itself as the primary currency of that ecosystem has done very well in 2025. Despite the recent downturn, Ethereum managed to hit an all-time high this year. In August, the coin reached $4,953 and set a new record, and the token has garnered increased interest from traders in the past few months with its bullish momentum.
At the beginning of 2025, Ethereum was valued at $3,400, and it has added 11% this year so far. The coin is in a minor downturn at the moment, but that could change thanks to how elevated the overall crypto market is right now compared to where it was at the start of the year.
Across all blockchain projects, Ethereum has the most developers, and for much of the year, Ethereum has outperformed Bitcoin in growth. This data about developers could be another indication that Ethereum is catching up with Bitcoin (BTC) and could one day overtake it despite the massive lead Bitcoin enjoys.
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