ETH Plummets $500+ From Yesterday’s ATH: Another Crypto Bloodbath Unleashed

Ethereum's rocket ship just hit turbulence—hard. The second-largest cryptocurrency nosedived over $500 in mere hours after touching its all-time high yesterday. Welcome to crypto's signature volatility.

The Rollercoaster Ride

Traders watched in disbelief as ETH sliced through support levels like a hot knife through butter. That glorious ATH? Ancient history now. The drop showcases crypto's brutal efficiency at separating the optimistic from the overleveraged.

Market Whiplash

This isn't just another dip—it's a reminder that what goes up must come down, often faster than anyone predicts. While traditional finance naps through 2% annual gains, crypto delivers a decade's worth of excitement in a single day. Who needs coffee when you've got charts like these?

Another day, another lesson in why you never fall in love with your positions. The only thing dropping faster than ETH? The margin balances of traders who thought ATH meant 'all time hold' rather than 'all time high.'

The landscape around the world’s second-largest cryptocurrency changed for the better on Friday evening, after Jerome Powell’s rather promising speech about future key interest rate cuts. ETH reacted with an immediate price surge that drove it from $4,200 to a new all-time high of almost $4,900.

After a much calmer 48-hour period during the weekend, the asset went on the offensive once again on Sunday evening and set another record of over $4,950. That’s where the situation changed for the worse, and ETH, alongside BTC and the rest of the market, tumbled hard.

Bitcoin’s price plunged to a six-week low, leaving over $300 million in longs liquidated in just one hour before it dumped further to $110,000 today. BTC took yesterday’s correction a lot worse, while ETH, perhaps aided by the continuous big purchases from whales and corporations, performed slightly better.

However, Ethereum has dumped hard now, losing over $550 since yesterday’s peak in a drop to $4,400 marked minutes ago. This price dump is rather surprising given the fact that large entities continue to accumulate the token en masse, including this massive $2.5 billion purchase reported by Arkham Intelligence.

THIS MASSIVE WHALE JUST BOUGHT AND STAKED $2.5 BILLION USD OF ETH

This guy just bought $2.55B USD of ETH from Hyperunit and staked it ALL through the same staking contract.

His last deposit was only 1 HOUR ago. Will he keep buying? pic.twitter.com/YAAPHkfwIM

— Arkham (@arkham) August 25, 2025

The liquidations are once again on the rise. In the past hour alone, the total value has risen to nearly $285 million, with longs representing the majority of that amount. ETH leads the pack, with over $110 million in longs wrecked.

Almost 180,000 traders have been liquidated in the past day, with the single largest wiped out position taking place on Binance. It was worth north of $7 million and involved ETH.