Ethereum (ETH) has slid in price over the last few days amid broader market weakness, and faces the risk of falling below $3,000. Market strain stems from geopolitical tensions and macroeconomic uncertainty, which have driven investors toward safer assets.
According to CoinGecko data, ETH is down 3.2% in 24 hours, 0.9% over the week, 4.3% on 14-day charts, and 8.9% since January 2025, while gaining 4.3% over the past 30 days. The token reached an all-time high near $4,946 in August 2025 before a sharp market crash in October halted the rally.
Market liquidations rose sharply during the recent move. CoinGlass data shows about $336.6 million liquidated in the past 24 hours, including a largest single liquidation of roughly $6.8 million on Hyperliquid.
Investors have shifted toward gold and silver, which set multiple new highs and reflect rising risk aversion (Ed. note: Precious metals’ gains have coincided with crypto outflows). Despite the downturn, analysts at CoinCodex project ETH may reach a new peak near $5,684 on April 20, 2026.
