Analyst Warned: Ethereum Has Not Yet Seen the Bottom Level

Bitcoin reached a record high of 124 thousand dollars on August 14, but Ethereum could not surpass 4,760 dollars and thus did not make a new peak. The ETH price dropped to 4,233 dollars this morning, marking its lowest level since August 12. Meanwhile, the inflows into Ethereum ETFs continue.

However, analyst Chris Weston warned investors that Ethereum has not yet seen its bottom.

Ethereum ETFs are not reflected in prices

Last week, there was a strong capital inflow into crypto investment ETFs. A significant portion of this capital inflow came from Ethereum ETFs. According to CoinShares' report dated August 18, there was an inflow of $3.75 billion into ETFs. Ethereum accounted for 77% of the total inflows, securing a share of $2.87 billion.

According to market data, inflows occurred during periods when ETH increased. With the cessation of the upward momentum, outflows began to be seen on Friday, August 15.

The price drop in ETH has also affected the NFT market

With the stabilization of Ether's price, a loss of 1.2 billion dollars was observed in the NFT market. During the period when the price increased, the NFT market value reached 9.3 billion dollars, marking a 40% increase compared to July.

The fact that the majority of NFTs operate on the Ethereum network highlights this parallel progression. Particularly, while the price decline affects popular NFTs, for instance, the CryptoPunks collection has lost 6% of its value in the last 24 hours.

Ethereum Has Not Yet Seen the Bottom

Australian trader Chris Weston warned investors that the decline of Ethereum is not yet over. According to Weston, ETH could drop to $4,100, which was previously a critical breakout point.

Ethereum – A move to the former breakout point ( former Dec highs ) of 4100 seems a risk in this run – As we see on the daily, the time for patience on new longs is needed..

As the momo heads often say… Dont buy the dip, buy the rip after others have bought the dip… start… pic.twitter.com/QbhpTqws2X

— Chris Weston (@ChrisWeston_PS) August 18, 2025

A popular analyst advises investors not to buy the dip during this period. According to him, the healthiest strategy is to wait while others make dip purchases and enter the market when the cryptocurrency regains momentum.

The exit of large investors from leveraged positions could also pressure the ETH price. A whale address closed a long position of approximately 21,683 ETH worth 93 million dollars. Despite a loss of 6.6 million dollars, this move may indicate a desperate atmosphere in the market.

At the time the news was written, Ethereum was trading at 4,330 dollars while Bitcoin was trading at 115,500 dollars.

This article does not contain investment advice or recommendations. Every investment and trading move carries risks, and readers should conduct their own research when making decisions.