The price of Ether (ETH), the cryptocurrency of the Ethereum network, fell to $1,850 (USD) on February 23 of this year, its lowest level in more than two weeks. It remained below $2,000 for five consecutive days. Such levels have historically acted as support and reflect the current weakness of the asset.
The decline occurred amid headwinds on the market, particularly two headwinds that are adding to bearish pressure. One of them came from investor Peter Thiel, CriptoNoticias reported.
millionaire Sold all ETHZilla sharesan American company that has a treasury focused on ether accumulation since August. The move occurred in the fourth quarter of 2025, but was first made known on February 17 in a public report filed with the U.S. Securities and Exchange Commission (SEC).
ETHZilla’s bet on Ether drove the company’s stock price to a high of $174 in August 2025. However, the subsequent correction in Ether was disastrous for the company given its correlation to the broader crypto market. The company’s stock price is currently trading at $3.55.
Financial portal Traders Union said: “Although this type of single-stock story does not mechanically determine ETH spot prices, it has the potential to influence sentiment around the Ethereum Treasury bond story and leverage demand, especially when the broader risk underlying is already weak.”
at the moment, Ether is being traded 60% lower than the record high of 4,955 people recorded in October 2025. For investors who were hoping for further records, there are still many aspects of the company’s performance that are disappointing. In fact, it was only about $70 above its previous all-time peak in November 2021.
Ether, a subset of altcoins, has suffered from worse performance than Bitcoin (BTC), the crypto asset with the largest market capitalization. The latter currently costs $66,000. This is 47% below the all-time high of $126,000 hit in October and nearly double the all-time high of $69,000 reached during the 2021 bull cycle.
Macroeconomic blow
Macroeconomic conditions are the second factor affecting Etheras well as Bitcoin and other altcoins. War conflicts and the threat of tariffs in regions such as the Middle East maintain geopolitical tensions and create uncertainty about the economic impact.
US President Donald Trump remains firmly committed to imposing tariffs on imported goods. The president announced new global tax rates of 10% through other options within his power, even though the Supreme Court struck them down on Friday, February 20th.
Trump thus promised to continue using this tool. So he wants governments that want to avoid tariffs to support his intentions, such as buying Greenland.
Uncertainty over tariffs focuses attention on whether interest rates will fall Liquidity will start flowing into the market this year. In addition to cryptocurrencies, several US stock markets have fallen in such a scenario this month after hitting new records in January. In this environment, US bond yields rose slightly.
«Ethereum is proxy The bulk of this cycle is high-risk beta, which tends to lag as investors move away from momentum exposure and towards cash-like protection,” the Traders Union commented.
The financial group said, “The market continues to show an atmosphere of ‘selling rebound’ around the round level.” Therefore, in his opinion, $2,000 is acting like a supply zone for ETH Use it as an upward takeoff point.
“In the short term, price movements remain sensitive to whether risk assets stabilize,” the Traders Union said. “The lack of clean catalysts has forced many desks to revert to flat trading, where they sell on bounces and buy only on dips when liquidity and broader risk signals align,” he added.
He further emphasized that market participants continue to monitor the avalanche of regulatory headlines, including the development of clarity legislation in the United States, where uncertainty regarding the industry’s legal framework remains.
