The Ethereum price has plummeted below the critical $3,000 level as the broader cryptocurrency market experiences an intense sell-off, triggering renewed uncertainty among traders.

ETH is currently trading around $3,067, marking a 23% decline over the past month and signaling one of its steepest corrections of 2025.

Long-Term Holders Accumulate, But Pressure Mounts

Despite the sharp correction, on-chain data shows long-term Ethereum holders are doubling down. According to CryptoQuant , Ethereum is trading roughly 8% above the Accumulation Addresses Realized Price, a metric that tracks the cost basis of seasoned holders.

These investors have added 17 million ETH in 2025, increasing their total holdings from 10 million to over 27 million coins, suggesting deep conviction even as market

See Full Page