Ethereum Price Slides Amid Selloff

Ethereum's price has dropped by 4% today, with the primary keyword ethereum price slides being a major concern. The price of the token is hovering around the $2,040 mark.

Ethereum Price Drop Analysis

The slide indicates renewed institutional selling through spot ETFs and a risk-off mood spilling over from traditional assets. According to SoSoValue data, US spot Ethereum ETFs recorded an outflow of $7.1 million yesterday, April 1, 2026.

ETF Outflows

BlackRock's ETHA alone sold $32.3 million worth of Ethereum, followed by Fidelity's FETH which sold about $11.7 million. The total crypto market dropped by almost 3% today, and Bitcoin fell around 3.12%.

Ethereum Network Activity

Despite the price slump, Ethereum's network activity has surged to near-record highs. According to Santiment, around 788,000 people interact daily with the Ethereum network, and around 255,000 new addresses have been created on the network.

Whale Accumulation

A whale recently bought 25,000 ETH worth $53 million in just one day. This huge buying reduces the available supply and shows that large investors believe Ethereum's price could go higher in the future.

Key Takeaways

• Ethereum's price has dropped by 4% today, hovering around the $2,040 mark.
• The slide is contributed by institutional selling through spot ETFs and a risk-off mood.
• Ethereum's network activity has surged to near-record highs, with 788,000 daily interactions.
• A whale recently bought 25,000 ETH worth $53 million, reducing available supply.

Frequently Asked Questions

What is the current price of Ethereum?

The current price of Ethereum is around $2,039.55, with a drop of 4.31% in the last 24-hours.

Why is Ethereum's price dropping?

Ethereum's price is dropping due to institutional selling through spot ETFs and a risk-off mood spilling over from traditional assets.