Ethereum Just Touched $1,500, a Price From the Last Bear Market

Ethereum's pain is getting historic. In this week's selloff ETH briefly touched 1,500 dollars, a level last seen in the depths of previous bear markets and roughly 70 percent below its 2025 record near 4,953. Relentless ETF outflows and the macro storm have dragged the second-biggest crypto to a painful floor.

The selling pressure has been steady and institutional. US spot Ether ETFs ran a record streak of 17 straight days of outflows, bleeding hundreds of millions in May alone and more than 2 billion dollars over the month, one of the weakest stretches since the funds launched. When the products meant to bring new money in are instead sending it out, the price has little to lean on. The bid has been missing.

The macro made it worse. A hot inflation report, a hawkish Fed and a broad risk-off move hammered all of crypto this week, and Ether, as a high-risk asset, fell harder than Bitcoin. With the whole market deleveraging, ETH slid straight toward the 1,500 level that traders had flagged as the next major support. The macro storm did not spare the fundamentals.

There is a case for buyers at these levels. The 1,500 to 1,700 zone lines up with heavy past trading volume, a region where demand has shown up before, and real usage on Ethereum keeps growing, with tokenized real-world assets on the network rising toward 18 billion dollars. Lower prices plus rising on-chain activity is the kind of setup that has tempted long-term buyers in past cycles. Value can attract value.

The honest caveat is that support can break. Prediction markets put high odds on ETH testing 1,500 again before year-end, and if outflows continue and the macro stays hostile, the next level traders talk about is 1,000. A zone holding once does not mean it holds forever, and catching a falling market is dangerous. Cheap can get cheaper.

So Ethereum has fallen to a price that screams bear market, with record outflows meeting a hawkish Fed. Down near 1,500, 70 percent off its high, real usage still climbing underneath. The pain is severe and the floor is being tested. Watch ETF flows and whether the 1,500 support holds or gives way.