Ethereum’s ETH token falls to $1,600, erasing nearly 70% of its value since hitting a record $4,946 in August 2025.
Ether (ETH) trades below $1,600, down nearly 70% from its August 2025 all-time high of $4,946. The decline follows Ethereum’s transition to a proof-of-stake (PoS) model in 2022, which shifted valuation metrics from scarcity to ecosystem growth.
Ethereum remains the largest blockchain for developers, hosting 31,869 active developers as of September. However, macroeconomic pressures, including inflation, high interest rates, and geopolitical tensions, have weighed on sentiment. Layer 2 solutions help maintain competitiveness, but slower transaction speeds compared to rivals like Solana persist.
The pullback raises questions about whether the drop signals further downside or a potential entry point for long-term investors.