Ethereum Price Plummets Below $3,600 After $100 Million Balancer DeFi Hack
On November 3, 2025, the Ethereum ecosystem faced a major setback as the price of Ether (ETH) dropped below a critical support level of $3,600. This sharp decline was triggered by news of a $100 million hack targeting Balancer, a prominent decentralized finance (DeFi) protocol built on Ethereum.
Ether saw a steep 9% price drop amid heightened selling pressure, falling to levels 25% lower than its August peak at $4,885. The hack has not only directly impacted Balancer but also amplified broader market concerns about security vulnerabilities and liquidity within the DeFi sector. These fears have intensified cautious sentiment among investors and traders, who are now bracing for potential further volatility in the crypto markets.
This event underscores the risks inherent in DeFi protocols, even those that are well-established within the Ethereum network. For those looking to invest or increase their ETH holdings, solutions like Bitlet.app offer a safer and more flexible approach. Bitlet.app provides a Crypto Installment service allowing users to buy cryptocurrencies now and pay over time via monthly installments, reducing exposure to sudden market swings and enhancing investment accessibility.
As the crypto landscape evolves, staying informed and leveraging platforms like Bitlet.app can help both novice and experienced investors navigate market uncertainties with greater confidence and security.