While Bitcoin stays in the spotlight for holding strong, Ethereum is facing bigger challenges. The second-largest cryptocurrency is seeing a sharp drop, even steeper than Bitcoin. Right now, Ethereum trades at $1,615, down about 23.5% this month. In Indian markets, that means ETH is priced at around ₹146,451.
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Realized Price Suggests There’s Still Room to Fall
If you look at Ethereum’s on-chain data, there’s a clear pattern: in past downturns (like 2018 and 2022), ETH only found a solid bottom after dipping to its Realized Price Lower Band. That’s basically the average price long-term holders paid for their coins. Today, that line sits at $1,150, so if history repeats, ETH could still see another 30% drop before finding real support.
Institutional Investors Keep Pulling Out
One big reason for Ethereum’s weakness is the ongoing outflow from U.S.-based spot ETFs. On June 26 alone, U.S. Ethereum ETFs saw $82.3 million leave the market, according to SoSoValue. This marks seven straight weeks of withdrawals. Unlike Bitcoin, which has companies buying up coins for their treasuries, Ethereum doesn’t have similar strong buyers to soak up the selling pressure.
Current Ethereum Market Snapshot (June 26, 2026)
- Global Price: $1,615 USD / ₹146,451 INR
- 24-Hour U.S. ETF Outflows: -$82.3 million
- Streak of ETF Outflows: 7 straight weeks
- Major Support Based on Realized Price: $1,150
Exchange Inflows and Network Delays Add Pressure
It’s not just the ETF outflows. More Ethereum is showing up on exchanges as DeFi users and validators move their coins, probably getting ready to sell or protect themselves against further drops. On top of that, there’s frustration in the air because of a delay in the much-anticipated Glamsterdam network upgrade. This upgrade was supposed to make the network cheaper and faster, but developers pushed back the rollout, giving bears another reason to worry.
Technical Picture: All Eyes on $1,600
Right now, the key level for Ethereum is between $1,600 and $1,611. If ETH can hold this range over the weekend, there’s a chance for a short-term bounce up to around $1,720. But if selling continues and ETH drops below $1,600, we could see a sharp move lower, possibly all the way down to the $1,150 mark.
What Comes Next
- Watch how ETF redemptions affect Ethereum’s staking yields.
- Follow the latest updates on the delayed Glamsterdam upgrade.
- Check if the Realized Price Lower Band really marks the bottom like it did before.
Ethereum’s next steps depend a lot on whether it can hold the $1,600 line. For now, traders are cautious, and the pressure is on.
