ETH Trades Near $1,980 as 32% YTD Drop Outpaces Bitcoin

Ethereum trades near $1,980 on June 4 after breaking below $2,000 on May 28 and extending losses amid persistent selling pressure. The decline began with Bankless co-founder David Hoffman’s May 27 disclosure that he sold his ETH holdings, followed by an 11-day ETF outflow streak exceeding $500 million and a 60% plunge in active addresses to 544,000. Record futures open interest of 16.39 million ETH fueled liquidations, yet whale wallets holding at least 100,000 ETH reached a record 17.41 million tokens while Ethereum retains over 50% of the $30 billion RWA sector.