Ethereum is extending its recent decline, sliding to roughly -30% over the past month and reaching its lowest level since April 2025, according to The Kobeissi Letter.
The update frames the move as part of a broader downturn affecting the crypto market, with Ethereum under particular pressure. After earlier weakness, the latest development indicates that selling momentum has not faded. Instead, ETH’s performance has continued to deteriorate, now signaling a sharper drawdown than investors may have anticipated at the start of the monthly period.
By quantifying the drop at about -30% over the last month, the post emphasizes the scale of the market’s negative repricing of Ethereum. A move of this magnitude in a short timeframe often reflects multiple forces converging at once—such as shifts in risk appetite, changes in trading behavior, and broader expectations for crypto’s near-term direction. While the statement focuses on the percentage decline, the underlying implication is that buyers have not been able to establish sustained demand strong enough to stabilize price action.
The mention that ETH is now at the lowest level since April 2025 suggests that the market is breaking below prior support ranges that previously acted as a reference point. When an asset revisits or breaks lows from months earlier, it can trigger additional rounds of selling, including systematic responses from traders who use technical levels or stop-loss thresholds. It can also reduce confidence among participants who may have been waiting for a reversal before taking new positions.
The Kobeissi Letter’s framing is essentially a “breaking” moment: Ethereum’s continuing weakness is being presented as a notable milestone in the month’s trend. Instead of stabilizing, ETH appears to be moving deeper into a period of bearish pressure, with the current level described as the weakest since April 2025. That context matters because it signals that the downturn is not simply short-term volatility; it is producing a new low relative to a multi-month window.
The post implies that investors are likely watching not only ETH’s immediate price but also how long this downtrend can persist. In crypto markets, sustained declines can affect market structure, including liquidity and the behavior of derivatives participants. As prices fall, traders may adjust hedges, increase leverage caution, and rotate exposure toward other assets depending on relative performance. Even without additional details, the reported -30% monthly decline points to an environment where risk management becomes more dominant.
In addition, Ethereum’s performance is often interpreted as a proxy for sentiment toward the broader smart-contract and decentralized finance ecosystem. When ETH weakens sharply, it can influence how market participants assess activity and investment appetite across related sectors, even if the immediate news is strictly price-based. Therefore, the update may carry implications beyond ETH itself, shaping the perception of whether the market is transitioning into a more prolonged risk-off phase.
The core of the news story is the specific metric and the “since” date: ETH has declined to about -30% over the last month, and it is trading at the lowest level since April 2025. The combination of these two elements makes the update actionable for readers who track performance and technical levels, because it identifies both the magnitude (monthly drawdown) and the timeframe of the new low.
While the report does not provide additional catalysts or granular market drivers within the excerpt itself, it functions as a key status update for traders and observers. It signals that Ethereum’s downward trajectory remains intact and that the recent decline has progressed far enough to reach a new reference point from April 2025.
For readers following crypto market movements, the update suggests heightened caution and attention to whether ETH can reclaim important levels. If the downtrend continues, further erosion of support is possible; if it stabilizes, the focus would likely shift to whether this “lowest level since April 2025” moment becomes a turning point or continues to mark deeper weakness.
Overall, the news story is a clear, data-driven announcement that Ethereum’s decline is worsening: -30% over the last month and now at the lowest level since April 2025. Source: The Kobeissi Letter.
The Kobeissi Letter: BREAKING: ETH extends its decline to -30% over the last month, now at the lowest level since April 2025.. #breaking
— @KobeissiLetter May 1, 2026
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