Ethereum (ETH) down to $1,870 after Rally Ends
Ethereum fell on Thursday after a short rally and could be headed for a record loss, according to some analysts.
Quick overview
- Ethereum (ETH) experienced a 2.55% decline on Thursday, ending a six-week upward trend.
- The price dropped to $1,871 after reaching a high of $1,938 earlier in the week, as investors began selling at the $1,900 mark.
- Analysts suggest that Ethereum may be entering a prolonged bear market, following historical patterns of sharp declines after upward movements.
- Despite recent gains, the overall market sentiment for cryptocurrencies remains bearish, potentially leading investors to seek better opportunities.
Ethereum (ETH) fell 2.55% on Thursday as bears took over the coin after weeks of upward movement, and the supposed rally came crashing to a halt.
The ETH price is now down to $1,871 (ETH/USD) for Thursday after climbing for six weeks. In that period, the ETH rate moved from $1,568 to a high of $1,938 on Wednesday of this week. Some analysts believe that the coin is just starting a strong, lengthy descent now.
Ethereum managed to rally when Bitcoin was already tumbling, and that divergence in their paths seemed to support a strong ETH rate. However, the price of Ethereum dropped sharply on Thursday as investors rejected the relatively high price level. For many, it seemed like $1,900 was the point to sell, sending Ethereum crashing down from its expected rally.
Ethereum Headed for Crash?
Some industry veterans seem to think that Ethereum is headed for a strong, lengthy fall if Ethereum repeats previous trends. When tracking the asset’s movement over the course of the past two and a half years, a pattern of weeks of upward movement are followed by a serious decline.
Like many other crypto tokens, Ethereum performed very well in late 2025, reaching record levels, but then fell sharply in November. The last seven months have been disappointing for investors as Ethereum, Bitcoin (BTC), and others have fallen off since late 2025 and not recovered even half of those losses.
Ethereum is in the same boat, having lost 60% from the fall of 2025 and progressively falling lower and lower. The current minor rejection that Ethereum is experiencing could signal a much larger and longer descent. The crypto market is volatile and bearish, leaving very short windows of gains for much of 2026.
Even though the United States government has readily adopted crypto under the current demonstration, focusing on the Clarity Act to boost crypto security and availability and setting aside a national Bitcoin fund, the market sentiment surrounding cryptocurrency has fallen over the past few months.
Ethereum could be starting a strong bear trend if market sentiment falls further. The coin made back almost 30% of its value over the past six weeks, but now that the coin is falling once more, investors may bail and chase a different asset with better odds of returns.
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