Ethereum drops 5% intraday, now at $4,537 per coin

Ethereum drops 5% intraday, now at $4,537 per coin

Ethereum (ETH) experienced a sharp intraday drop, falling 5% from its previous high of $4,885 to $4,537 per coin. The correction, which occurred on July 2, 2025, was driven by a combination of profit-taking by whales and broader market volatility. This decline follows Ethereum's recent surge, which saw the cryptocurrency hit a new record high in late August 2025 [1].

The drop in Ethereum's price has had a cascading effect on the broader altcoin market, with several tokens sliding to one-week lows. Despite the decline, the Relative Strength Index (RSI) for Ethereum remains near 50, indicating a neutral market sentiment rather than extreme selling pressure [2].

The correction comes amidst a broader shift in investor attention toward cryptocurrency presales. Coldware ($COLD), a project integrating blockchain infrastructure with real-world hardware, has emerged as a standout contender. Its stage 3 presale is already 76.46% complete, raising over $8.13 million [3]. The project's unique blend of decentralized finance, secure apps, and data-focused hardware has drawn significant interest from investors.

Looking ahead, Ethereum's fundamentals remain strong, supported by robust institutional inflows, stablecoin growth, and increasing adoption across on-chain and off-chain platforms. However, the recent correction serves as a reminder of the volatile nature of the cryptocurrency market. For long-term investors, the dip presents an opportunity to reassess positions and potentially explore new presale opportunities, such as Coldware ($COLD).

References:
[1] Ether notches first new record since 2021 after Powell (https://www.cnbc.com/2025/08/22/crypto-market-today.html)
[2] Ethereum Latest News: Eth Dips 10.3% Dragging Altcoins to 1-Week Lows (https://crypto-economy.com/ethereum-latest-news-eth-dips-10-3-dragging-altcoins-to-1-week-lows-coldware-76-stage-3-completed/)
[3] 12 Best Crypto Staking Platforms of 2025 (https://nftevening.com/best-crypto-staking-platforms/)