Ether falls 8% to $1,625, hits lowest level since April 2025
ETH's steep drop is part of a broader crypto rout that saw Bitcoin post its longest losing streak since August 2025 and privacy coins get absolutely hammered.
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Add us on Google by Editorial Team Jun. 6, 2026Ether plunged over 8% on June 5, landing at $1,625 before finding some footing around $1,673. That price tag represents the lowest ETH has traded since April 2025, and it caps off a brutal stretch for a token that was flirting with $5,000 less than a year ago.
The selloff wasn’t an ETH-only affair. Bitcoin dropped roughly 5% in the same session, sliding to near $60,800 and notching its sixth consecutive daily decline. That’s BTC’s longest losing streak since August 2025.
Privacy coins caught the worst of it
Zcash plummeted more than 50% after reports surfaced of a critical security vulnerability, marking ZEC’s largest single-day loss since May 2021. Monero didn’t escape the carnage either, declining as much as 17% during the same window.
AdvertisementThe macro picture is doing ETH no favors
The June 5 selloff coincided with sustained capital outflows from US spot exchange-traded funds tied to digital assets. Crypto’s once-reliable tendency to move in lockstep with high-performing technology stocks appears to be weakening, meaning crypto is dropping while tech stocks aren’t.
Investor caution ahead of critical US economic data and an impending Federal Reserve meeting is creating a risk-off environment. Competition for capital from AI-driven sectors is adding another layer of pressure, as investors rotate toward sectors where narrative and fundamentals are aligned.
ETH’s decline since its all-time high near $4,954 in August 2025 tells the broader story. That’s a drop of roughly 67% from peak to the June 5 low.
What this means for investors
The ETF outflow trend is particularly worth watching. When those products launched, they were celebrated as a watershed moment for institutional adoption. Sustained outflows suggest that institutional investors are treating crypto ETFs as tactical positions to be trimmed when macro conditions deteriorate, not as long-term portfolio anchors.
ZEC’s 50% crash wasn’t driven by macro factors or sentiment. It was a project-specific event—a security bug—that nuked half the token’s value in hours, serving as a reminder that diversification within crypto isn’t the same as diversification across asset classes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
