Ethereum and SOL Prices Plummet: Ethereum Below $3,800, SOL Below $180

Ethereum has fallen below $3,800, trading at $3,780 with a 6.16% 24-hour decrease. SOL has also dropped below $180, currently trading at $179.16 with an 8.07% 24-hour decline.

Ethereum (ETH) has fallen below $3,800, trading at $3,780 with a 6.16% 24-hour decrease as of September 12, 2025. The decline follows a week of market volatility, including a significant drop in response to a U.S.-China tariff announcement on October 10, 2025, according to a TS2 Tech report. Ethereum briefly fell under $3,900 and even around $3,500 on October 10-11, before partially recovering to the low $4,000s by October 12 . The price drop was exacerbated by a 7% plunge in ETH on October 10, contributing to over $600 million in crypto liquidations .

Solana (SOL) has also experienced a sharp decline, currently trading at $179.16 with an 8.07% 24-hour decrease. The drop in SOL is part of a broader market sell-off triggered by geopolitical tensions and economic uncertainty . The recent volatility underscores the interconnectedness of the crypto market, where news of tariffs and macroeconomic events can significantly impact asset prices.

Despite the recent downturn, some analysts remain cautiously optimistic about Ethereum's long-term prospects. Fundstrat’s Mark Newton sees dips to around $4,375 as buying opportunities and projects $5,500 by mid-October . Changelly’s model predicts ETH could swing between $3,816 and $4,599 in October . Technical analysts like Darkfrost see the October 10-11 drop as a "Wave 4" bottom around $3,500, implying a rebound toward $5,000 .

For Solana, the decline may be attributed to broader market sentiment and the ongoing regulatory scrutiny. The recent regulatory delays and market uncertainties have led to a sell-off in SOL, as investors remain cautious about the future prospects of the asset.

Institutional flows continue to support Ethereum, with U.S. spot ETH ETFs accumulating around $30 billion worth of ETH by mid-2025 . Major funds and corporate treasuries are buying and staking ETH, indicating strong demand . However, regulatory delays in approving ETH spot ETFs in the U.S. may dampen domestic demand for now .

Looking ahead, the short-term outlook for Ethereum remains mixed. Analysts expect ETH to trade between $4,000 and $5,000 in the coming months, with key levels to watch being $4,000 (support) and $4,500–$4,600 (resistance) . For Solana, the focus is on overcoming the current market headwinds and regaining investor confidence.

In summary, Ethereum and Solana have experienced sharp declines in response to recent market volatility. While the short-term outlook is uncertain, some analysts remain optimistic about the long-term prospects of these assets. The continued institutional demand for Ethereum and the potential for regulatory approvals could provide support for a rebound in the near future.