Ethereum's price slipped below $1,800 on Thursday, hitting its lowest level since February. The move extends a recent slide for the second-largest cryptocurrency, which has been under persistent pressure this spring.
Price action
Ether briefly dipped under the $1,800 mark during morning trading in Asia and has since hovered in a narrow range around that level. The drop came on relatively modest volume, suggesting the move was not driven by a single large sell order or exchange outage.
Lowest since February
Thursday's low puts Ethereum back to levels last seen in the first quarter of 2026. The token has now erased most of the gains it built up during a March rally that pushed prices above $2,200. The February low served as a key support at the time, and traders will be watching to see if that level holds again.
Market backdrop
No single catalyst was cited for Thursday's decline. Broader crypto markets have been drifting lower this week, with Bitcoin also losing ground, though the move in ether was more pronounced. The lack of a clear trigger leaves the focus on technical levels and general sentiment, which remains cautious.
The next obvious support sits around $1,750 — the area where Ethereum bounced in February. If that level fails to hold, the decline could accelerate. For now, the $1,800 round number has shifted from support to resistance.
