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Ethereum hits multi-year lows as key profitability metric drops to 2017 levels amid weak institutional demand.

Market News
08 Jun 2026
Crypto news
View Source
Bearish
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Ethereum's price has fallen to multi-year lows, with only 11% of its supply in 3x profit, the lowest since 2017. Institutional interest is weak, shown by $845 million in outflows from U.S. spot Ethereum ETFs over the past month. Analysts warn that historical bottom signals have not yet appeared, with Ethereum facing resistance near $1,700 and a bearish technical setup. The market remains uncertain as macroeconomic factors and weak profitability suggest more downside risk before a potential recovery.

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