What Should ETH Investors Do When the Price of Ethereum Drops to 2018 Levels?
The price of Ethereum, ETH $ 1,464, has fallen 16% today in the sell-off in the cryptocurrency market, bringing its 2025 losses to 54% so far. Analysts are beginning to doubt ETH’s reputation as “ultrasound money” as it drops back below $1,500, the price it was at eight years ago in 2018.
Ethereum (ETH) Price Drop to $1,500 Drains Investors
In just the first three months of 2025, price of Ethereum has destroyed almost $220 billion in investor capital, making it one of the worst-performing digital assets to date. In his assessment of Ethereum’s long-term performance, on-chain analyst Willy Woo has pointed out that the cryptocurrency’s standing as “ultrasound money” is rapidly declining.
Woo claims that earlier today, Ethereum (ETH) was trading at $1,569, just marginally higher than its January 2018 price of $1,448. Over the previous seven years, this amounts to a compounded internal rate of return (IRR) of only 1.2%.
While there have been several updates over the past eight years, like a transition to a Proof-of-Stake (PoS) model, and others, it hasn’t yet translated into ETH price recovery. As a result, the “Ethereum is dead” narrative is catching up quickly in the market.
Ethereum spot ETFs saw a $49.93 million net outflow over the final week between March 31 and April 4, indicating ongoing investor hesitancy in the face of market uncertainty.
With the biggest outflow of the week at $31.08 million, Grayscale’s Ethereum Trust ETF (ETHE) was at the forefront of the exodus. As ETH tries to restore its upward momentum, the movement indicates a reversal in institutional interest.
Will the Pectra Upgrade Cause an ETH Recovery Soon?
After several delays, the Ethereum Pectra upgrade—which should increase network scalability and efficiency—should be ready by the end of the month. Investors have been holding out hope that this event will lead to an ETH comeback.
Investors are holding out hope for an altcoin recovery despite Ethereum liquidations skyrocketing to $367 million in the past day. On-chain data from Spot On Chain shows that Ethereum whales have been actively buying the drop despite the overall collapse of the cryptocurrency market.
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