Ether plunged over 8% on June 5, landing at $1,625 before finding some footing around $1,673. That price tag represents the lowest ETH has traded since April 2025, and it caps off a brutal stretch for a token that was flirting with $5,000 less than a year ago.
The selloff wasn’t an ETH-only affair. Bitcoin dropped roughly 5% in the same session, sliding to near $60,800 and notching its sixth consecutive daily decline. That’s BTC’s longest losing streak since August 2025.
Privacy coins caught the worst of it
Zcash plummeted more than 50% after reports surfaced of a critical security vulnerability, marking ZEC’s largest single-day loss since May 2021. Monero didn’t escape the carnage either, declining as much as 17% during the same window.
The macro picture is doing ETH no favors
