Massive Losses for Ethereum as Monday Gains Disappear

Written by: Timothy St. John • Tuesday, June 17, 2025 • 2 min read

• Last updated: Tuesday, June 17, 2025

Ethereum is in decline along with the rest of the crypto market.

Quick overview

Ethereum (ETH) has dropped 5.55% on Tuesday, erasing gains made on Monday as the cryptocurrency market declines.
Currently trading at $2,492, Ethereum's trading volume remains high at $26.7 billion over the past 24 hours.
The overall cryptocurrency market is experiencing losses due to geopolitical tensions and uncertainty surrounding upcoming Federal Reserve interest rate announcements.
Despite recent legislative support for the cryptocurrency industry, further declines are anticipated for Ethereum and the market.

Ethereum (ETH) is down by 5.55% for Tuesday after climbing high on Monday. All of its gains for the previous day were wiped out as the cryptocurrency market trended lower.

On Monday, Ethereum managed to climb past $2,600 but is now down to $2,492 (ETH/USD). The coin lost much of its recent momentum as the cryptocurrency market slowed down. Now, ETH is still being traded at a rate of $26.7 billion per 24 hours, which is an increase in trade volume from the previous day, but it is having trouble holding onto its value.

ETH/USD

What Factors Are Keeping Ethereum Down?

ETH is not the only cryptocurrency coin that is trending lower today. Bitcoin is also down 2.89%, and XRP has fallen 6.02% in the last day. Hyperliquid, Cardano, and Dogecoin are all reporting losses today as well in widespread industry decline that is being precipitated in part by fighting in the Middle East and eastern Europe.

As wars erupt between Ukraine and Russia as well as Israel and Iran, investors around the world are tightening their belts, so to speak, and are holding off on making further investments. While the market surged for the most part early Monday, it pulled back severely by the end of the day and has trended downward throughout Tuesday’s trading.

This sets up the market very poorly for what comes next, and that would be the Federal Reserve announcement on interest rate cuts for Wednesday. No cut is expected at this point, and even so, if that is decided tomorrow, the crypto market is likely to decline further. A decision for no interest rate cuts from the Fed tells investors that there is little hope that inflation will fall in the near future.

We anticipate further decline for Ethereum and the rest of the market, despite recent legislation that has been pushed forward to benefit the cryptocurrency industry in the United States. There could be more positive legislative news coming soon, though, since President Donald Trump has promised to support crypto trading. Ethereum could also expect a boost from further inflows of spot traded ETHs (exchange traded funds). These have increased substantially recently with the highest influx since December of last year.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.