Ethereum · Wall Street · Bitcoin · CryptoSlate
Ethereum’s $1,500 test catches how quickly Wall Street’s crypto trade has turned
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Ethereum’s slide to its lowest level in more than a year is testing the Wall Street trade that brought the token deeper into institutional portfolios.
Key facts
- Traders have built roughly $108 million in open interest around the $1,500 strike, while the $1,400 strike has attracted about $75 million
- As a result, sosoValue data show total spot Ethereum ETF assets have declined more than 70% from their $30 billion peak to $8.71 billion, which is equal to about 4.01% of Ethereum’s circulating
- Notably, a wallet linked to Ethereum co-founder Joseph Lubin awoke after more than three years of dormancy, mobilizing 80,001 ETH, valued at roughly $122 million
- Ethereum was already trading near $1,580 when the inflows accelerated, while Bitcoin had fallen toward $59,000
Summary
01 Ethereum slipped to $1,506, its weakest level since April 2025, as the crypto selloff deepened. 02 Four straight weeks of spot ETH ETF withdrawals and rising exchange inflows are eroding institutional demand and adding supply pressure. 03 Traders are hedging for more downside around $1,500, while the key question is whether ETF outflows and deposits keep rising. Data from CryptoSlate shows that the second-largest cryptocurrency fell to as low as $1,506 during the last 24 hours, its weakest level since April 2025, extending a broad crypto selloff that has already drained leverage from derivatives markets and pushed traders toward defensive positioning.