Ethereum Price Crashes 8% Today (April 9): Will ETH Fall Below $1,000?

Updated

April 9, 2025

Gambar Ethereum Price Crashes 8% Today (April 9): Will ETH Fall Below $1,000?

Jakarta, Pintu News – After experiencing a sharp drop to $1,400 on Black Monday April 7, 2025, the price of Ethereum managed to recover on April 8, rising by 3.2% to $1,594.

With a drop of more than 50% in just the first three months of 2025, investors are now closely watching the direction of the next move.

In addition, the previously inactive Ethereum whales started to show activity again and were seen to start selling their holdings in large numbers.

Then, how will Ethereum price move today?

Ethereum Price Drops 8.69% in 24 Hours

As of April 9, 2025, Ethereum (ETH) was trading at approximately $1,434, or around IDR 24,610,904, after dropping 8.69% over the past 24 hours. Within that timeframe, ETH reached a high of IDR 27,026,118 and fell to a low of IDR 23,900,895, reflecting significant market volatility.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $173.46 billion, with daily trading volume dropping 46% to $23.68 billion within the last 24 hours.

Ethereum whale rises after seven years, deposits 2,000 ETH to Kraken

On April 8, blockchain analytics platform Lookonchain reported activity from an Ethereum (ETH) whale that resurfaced after seven years of inactivity. This investor, referred to as “Ethereum OG”, deposited 2,000 ETH worth approximately $3.11 million into the Kraken crypto exchange.

An #Ethereum OG deposited 2,000 $ETH($3.11M) to #Kraken after 7 years of dormancy.

This OG bought 10,001 $ETH(cost $3.52M) at $352 in November 2017—and didn’t sell even when $ETH hit $4,878 during the last bull run.

He’s now sitting on a $12.3M profit, but the unrealized profit… pic.twitter.com/mhKm1ywITN
— Lookonchain (@lookonchain) April 8, 2025

This move to deposit 2,000 ETH into Kraken sparked speculation that the investor may be planning to sell some of his assets. In November 2017, the Ethereum whale is known to have bought 10,001 ETH at an average price of $352 per ETH, for a total investment of around $3.52 million.

When the price of Ethereum reached a record high of $4,878 during the 2021 bull run, the value of the investment jumped to $45 million. However, at the time the pope chose not to sell his assets.

Now, even though the ETH price is still far below its highest level, the wallet still holds a potential unrealized profit of $12.3 million based on the current market price.

Has the Ethereum Price Reached its Low Point or will it Fall Below $1,000?

The year 2025 is becoming a nightmare for crypto investors, especially for Ethereum (ETH) holders, as the ETH price no longer seems to respect any support levels.

Although the price of Ethereum has now managed to climb back above the $1,500 support level, the asset is still highly vulnerable to the uncertainty of global macroeconomic conditions.

$ETH has tested a major support level of $1500, always told you guys to be careful, if 2k breaks, $1.5k will be tested.

For now it's wait and watch zone and I will be mostly looking for buy setups. Expecting some consolidation followed by some massive pumps. Let the price… pic.twitter.com/LECE71M2rS
— Crypto General 🧲 (@DaCryptoGeneral) April 7, 2025

Technically, the ETH price chart shows a “wait and see” pattern.

If the volatility related to Trump’s tariff policy begins to subside, the price of Ethereum has the potential to enter a consolidation phase before determining the next direction of movement.

On the other hand, well-known Bitcoin critic Peter Schiff gave a gloomy prediction for ETH, predicting that the price of Ethereum could plummet to below $1,000.

Ether crashed below $1,500 for the first time in over two years. So far the intraday low was just above $1,400, a 20% drop overnight. I don't think it will be long before it breaks below $1,000.
— Peter Schiff (@PeterSchiff) April 7, 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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