Ethereum Price Crashes 66%: Is Accumulation Finally Underway?

Ethereum's price has been in free fall, plummeting more than 66% from its late-2025 peak of $4,800. The cryptocurrency is now trading near $1,670 after a weak nine-month period.

Despite the decline, analysts point to growing signs of accumulation and improving macro conditions. A possible U.S.-Iran peace agreement could improve sentiment toward crypto assets, with President Donald Trump stating that a deal could be signed on Sunday.

Data from analyst Daan Crypto Trades shows ETH fell roughly 29% in the first quarter and remains down more than 20% in the second quarter. This would mark Ethereum's third consecutive quarter of double-digit losses, extending one of the longest periods of weakness since the 2022 bear market.