On August 19, 2025, major cryptocurrencies Ethereum (ETH) and Bitcoin (BTC) experienced notable price declines. Ethereum fell below the $4,200 mark, trading around $4,190 and approaching a key support level at $4,150. The price movement is characterized by a short-term corrective phase within a falling channel following a strong rally earlier in the month. Meanwhile, Bitcoin dropped below $113,000, continuing a downward trend marked by lower highs and lower lows. This decline represents a 7.7% decrease from its recent peak the previous Thursday. The fall in Bitcoin's price has raised questions about its increasing correlation with equities, which also underperformed on the same day.