Ethereum's price has dropped to $1,897, marking a 6.77% decline in 24 hours and a 28% decrease this month, with a 50% loss over the past year.
The cryptocurrency has erased over 55% of its value since peaking at $4,112 in December 2024, losing all gains from the post-Trump election rally.
Nearly $200 million in Ether liquidations signal a bearish trend, with Ethereum revisiting the $1,800 level last seen during a downward trend in May 2022.
Ethereum, the world's second-largest cryptocurrency by market capitalization, has reached its lowest level in over 2 years.