Recent market outlook
As crypto market is falling apart, BTC and ETH getting weaker. Yep—those bullish vibes faded fast. And we believe ETH’s next destination might be much lower than many expect. Here are the top 3 reasons why ETH can fall to $2,400 in 2025.
1. ETF Outflows Are Turning Into a Leak
One of the clearest signs of pressure: institutional flows via ETFs. When big money flows out, liquidity and sentiment both get hit.
- Data shows that spot Ethereum ETFs had a net outflow of $93.59 million on October 24 2025.
- More broadly, U.S. spot ether ETFs have seen over $1.4 billion in net outflows since late October.
- The combination of outflows + liquidations = a swift risk to ETH’s upside. As one article put it: “Heavy ETF outflows have erased value from the crypto markets.”
Why this matters for ETH to $2,400:
- Institutional flows often act as a floor beneath asset prices. Once those start heading out, the floor weakens.
- With less “big-money” support, ETH becomes more exposed to retail shifts and sentiment swings.
- Outflows can compound with other pressures (see next reasons) to push price down faster than many expect.

2. Sentiment Was Peaking—Now It’s Reversing
What goes up must (often) come down. This time around, many in the crypto crowd were overwhelmingly bullish. That’s a risk in itself.
- Expectation of a strong “Uptober” for crypto (including ETH) failed to materialize.
- The reversal from optimism to caution can trigger a cascade: leveraged positions unwind, stop-losses hit, weaker hands exit first.
- As noted: “A rapid reversal in sentiment … heavy liquidations and sharp ETF outflows have erased $1.2 trillion from crypto markets.”
Why this helps explain a path to $2,400:
- When sentiment turns, price can overshoot downward, especially if momentum is on the flip side.
- ETH has to deal not only with fundamentals but also with perception. If investors believe the large institutions are pulling back (see Reason 1), the perception becomes reality.
- The combination of fading bullish narrative + real outflows = less support for higher levels.
3. Macro-Economic Conditions Are Acting as a Drag
Crypto doesn’t exist in a vacuum. Global macro factors are weighing heavily, and ETH is being dragged along.
- For example: In October 2025, the Federal Reserve cut rates by 25 bps but signalled that further cuts were not guaranteed. This “sell-the-news” reaction hit risk assets including crypto.
- Large derivatives liquidations and leverage unwinds amplified the damage.
- Rising global uncertainty (inflation, central-bank policy, geopolitics) tends to favour safe-haven assets—and crypto has behaved more like a high-beta risk asset.
Why this supports a slide toward $2,400:
- If macro risk remains elevated, investors may scale back exposure to assets like ETH in favour of safer ones.
- High interest rates or uncertain rate-cut path reduce the “carry” or yield appeal of risk assets (which can include crypto).
- A drag on broader risk appetite means crypto assets may not enjoy the “risk-on” tailwinds required to hit higher targets.

Putting it all together: Why $2,400 is on the table
When you combine these three pointers:
- Institutional outflows weaken structural support.
- Sentiment reversal removes the momentum push.
- Macro headwinds remove the broad market wind-at-crypto’s-back.
The net effect: ETH could slip significantly from current levels. A move to $2,400 in 2025 isn’t wild in this scenario—it’s a plausible path if the pressures persist and amplify. Every level breaking down is a possibility in a bear market.
Of course, risks to this scenario exist—ETH’s fundamentals (protocol upgrades, adoption) could surprise to the upside, or macro conditions could improve faster than expected. But given the current alignment of negatives, we believe the downside risk is elevated.


