Ethereum’s core developers are pushing for a major technical change that could reshape how quickly the network processes transactions. On June 21, Barnabé Monnot, one of Ethereum’s core contributors, suggested a new proposal, EIP-7782, which would halve the block slot time from 12 seconds to 6 seconds. According to him: “Shorter slot times make Ethereum […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum just pulled a surprise upward move after dipping below key support and its rising trendline. The sudden rebound caught bears off guard, fueling speculation about whether this was a mere fakeout or the start of a fresh rally. Fakeout Fools The Bears: Ethereum Reclaims Critical Support In a recent post on X, UniChartz drew attention to a classic fakeout move by ETH, where the price momentarily dipped below a significant support level and an ascending trendline, only to reclaim both shortly after. This sudden reversal disrupted bearish expectations, especially for those anticipating a deeper drop. Instead of confirming a breakdown, ETH snapped back above the key zone with notable strength, shaking up short-term sentiment. Related Reading: Ethereum Price Headed For Crash To $2,000 With Current Price Action According to UniChartz, this kind of false breakdown often traps bearish traders and can act as fuel for an upward move if momentum builds. The reclaim of the support zone is a strong technical signal, indicating that bulls are still in control for now. It not only invalidated the bearish thesis but also injected fresh optimism into the market, hinting at the possibility of a short-term rally. Still, UniChartz cautioned that follow-through is critical. If ETH can hold above this reclaimed area and form higher lows, it could set the stage for continued upside. However, any weakness or failure to maintain the level could lead to another shakeout. From Breakdown To Breakout? Key Levels In Focus After reclaiming the previously lost support level, Ethereum is showing signs of strength, but whether it can sustain this momentum remains the key question. The bounce has surprised many, especially after what looked like a clean break below a rising trendline and horizontal support. The current price action suggests bulls are regaining control, but the road ahead is lined with several resistance hurdles that could stall or reverse the advance. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow The first level to watch lies around the $2,858 level, where Ethereum previously struggled to maintain traction. This area marks a confluence of short-term resistance from prior price rejections. A decisive close above this could open the door for a push toward $3,360, a level that has historically acted as a pivot zone and may attract both profit-taking and fresh short positions. Beyond that, the $3,659 level stands as a key psychological and technical barrier. This region is where bears have previously reasserted control, and reclaiming it would be a statement of intent from the bulls. Only a sustained break above this zone, ideally on strong volume, would signal a shift back toward a more dominant uptrend, potentially eyeing $4,100 and beyond. For now, the reclaimed support offers a solid base, but Ethereum’s upward journey depends on the bulls defending it convincingly and clearing these major resistance zones with strength and consistency. Featured image from Getty Images, chart from Tradingview.com
Barnabé Monnot's proposal to halve Ethereum's slot times aims to make the network more responsive, DeFi more efficient, and fees less painful.
Crypto markets bounced back in early Asian trading hours on June 24, sparked by US President Donald Trump’s announcement that a ceasefire had been reached between Israel and Iran. On June 24, Trump posted on Truth Social: “CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be […]
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The crypto market lit up after Donald Trump announced a dual-phase ceasefire between Israel and Iran, calming geopolitical tensions and reviving risk appetite. Ethereum led the rally with an impressive 9% surge, jumping from $2,230 to a high of $2,434. At the time of writing, ETH price is hovering around $2,420, signaling growing confidence among …
Ethereum saw a notable decline in its price over the last week, and the weekend culmination pulled the price back towards levels not seen in over one month. The movement tracks with the established bearish trend of the month of June and continues to show mounting sell pressure on the cryptocurrency. However, with this decline has emerged a trend similar to what was seen back in 2021, right before the market picked up and saw the beginning of the altcoin season. Ethereum Price Crash Similar To 2021 Looking at the current Ethereum price action and that of what was seen back in Q2 2021, there have been some striking similarities. Most especially, how the Ethereum price has performed in the month of June so far has been the same as what happened back in June 2021. Related Reading: Bears Will Be Washed Out Of Bitcoin If This Happens In 2021, the Ethereum price began the month of June trading above $2,600. However, as the month went on, the altcoin suffered multiple declines and crashed below $2,000 before it was over. Eventually, the price would find its bottom somewhere around $1,600 before the decline was over. Fast forward four years to the year 2025, and the month of June is showing the same trend. June 2025 had begun with the Ethereum price trending above $2,600 before the bears took control. Since then, the altcoin has crashed by more than 20%, and looks primed for more. Using the historical performance, it would suggest that the Ethereum price decline is far from over. If there is a repeat of June 2021, then Ethereum could suffer another 20% crash before the month of June is over, to find its bottom somewhere between $1,600 and $1,700. The Trigger For Altcoin Season Given that Ethereum is the largest altcoin in the market, it is naturally the trigger for the altcoin season. Looking back on 2021, the altcoin season began when the Ethereum price began to rally. But the recovery did not begin until the month of July, and eventually lasted into the month of November. Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications So far, investors are already looking positively toward July 2025, as there have been rumors of a rate cut. This is expected to trigger a market rally for risk assets such as Bitcoin and Ethereum, coupled with the fact that a resolution to the Iran-Israel war could be in the works. If this trend holds, then it is possible that the Ethereum price would begin to rally in July. As seen in 2021, Ethereum would end up rising over 200% in the course of five months, to put in a new all-time high in the month of November. Featured image from Dall.E, chart from TradingView.com
The Ethereum ETFs have overcome more than $4 billion in net outflows from Grayscale's converted ETHE fund to reach the milestone.
Ethereum price started a fresh increase from the $2,120 zone. ETH is now up over 8% and might face resistance near the $2,460 zone. Ethereum started a fresh upward move above the $2,200 level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,460 resistance zone in the near term. Ethereum Price Regains Traction Ethereum price started a fresh increase from the $2,120 support level, like Bitcoin. ETH price was able to clear the $2,200 and $2,250 resistance levels to move into a positive zone. Besides, there was a break above a key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD. The bulls even pushed the price above the 61.8% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,440 level. The next key resistance is near the $2,460 level. It is close to the 76.4% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,500 level. A clear move above the $2,500 resistance might send the price toward the $2,550 resistance. An upside break above the $2,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone or even $2,650 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,460 resistance, it could start a fresh decline. Initial support on the downside is near the $2,340 level. The first major support sits near the $2,320 zone. A clear move below the $2,320 support might push the price toward the $2,250 support. Any more losses might send the price toward the $2,150 support level in the near term. The next key support sits at $2,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,320 Major Resistance Level – $2,460
Bitcoin and other crypto funds have kept the cash register flowing for 10 straight weeks, pulling in $1.24 billion in the latest period. That brings the year-to-date haul to $15 billion. Even holiday trading lulls and global jitters haven’t stalled the momentum. Investors seem to be treating this pullback as a chance to buy, not a reason to sell. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Bitcoin And Ethereum Lead The Pack According to CoinShares data, Bitcoin pulled in $1.114 billion this week alone. It has now logged $2.37 billion month-to-date and $12.7 billion YTD, across nearly $152 billion in assets under management. Ethereum chipped in with its ninth straight week of gains, adding $124 million in weekly inflows. That pushed its month-to-date total past $1 billion and its YTD figure to $2.43 billion, across $14.29 billion of assets. Investors aren’t scooping up bearish bets, either: short Bitcoin products saw just $1.4 million in outflows this week and $8.7 million since January. Altcoins See Mixed Results Solana attracted $2.80 million this week and nearly $3 million month-to-date, lifting its YTD flows to almost $86 million. XRP pulled in $2.70 million weekly and $10.55 million month-to-date, taking its year-long total to $268 million across $1.205 billion in managed assets. But funds that package multiple tokens bled $5.76 million this week and almost $17 million for the month—though they’re still up $58 million in 2025. Other altcoin vehicles are in rough shape, with $509 million of outflows since January. Regional Trends Highlight The US The United States led global flows with $1.25 billion in weekly inflows. That’s $3.37 billion month-to-date and $14.30 billion YTD, out of $135 billion under management. Canada added nearly $21 million this week and $42.8 million for June. Germany chipped in almost $11 million while Australia booked $16.6 million. Brazil bucked the trend with $9 million of outflows this week and $26.4 million in June, but it’s still about $34.8 million ahead for the year. Smaller Tokens Struggle For Attention Some newer names drew mixed reactions. Sui saw $8.5 million drain this week despite $3.3 million of gains so far in June. Litecoin eked out $0.21 million in weekly inflows and clos to $6 million YTD. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Cardano and Chainlink grabbed $0.34 million and $0.6 million this week, respectively. But smaller “other” products pulled in only $2.75 million against heavy selling since January. Institutions are still finding reasons to back crypto even as global events and holiday thins slow trading. Total weekly flows hit $1.23 billion, taking June’s total to $3.38 billion and the year’s to $15 billion, across $176 billion in overall assets. Based on these trends, big spenders aren’t ready to abandon digital tokens. They’re treating pullbacks like offers they can’t pass up. Featured image from Unsplash, chart from TradingView
Ether rallied to $2,420 after President Trump declared a dual-phase ceasefire agreement between Israel and Iran that would bring an end to the 12-day conflict.
Kronos Research CIO Vincent Liu said traders are now watching macro signals to see whether this rally would last long-term.
The wider cryptocurrency market, led by Bitcoin (BTC), has experienced rising short-term bearish sentiment amid the ongoing Middle East geopolitical crisis. After teasing below $100k over the weekend, BTC price recorded the lowest weekly close at around $101,339. Consequently, BTC price signaled further potential short-term weakness, with a midterm target of around $93k. Furthermore, BTC …
The Bitcoin dominance has hit a new cycle high, providing a bearish outlook for altcoins and any potential altcoin season. Crypto analyst Finsends has commented on this development and how it could affect the altcoin season moving forward. What’s Next As Bitcoin Dominance Hits New High? In an X post, Finsends stated that the Bitcoin dominance has made a new high and that it feels like it can never go down again. However, he opined that there should be a bigger correction starting somewhere around the current levels. The analyst added that the potential target area for a top in this scenario goes up to 68.56%. Related Reading: Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why His accompanying chart showed that the Bitcoin dominance could hit this projected top of 68.56% in July, after which a decline would begin. Based on the chart, the BTC.D could drop to as low as 48% on this decline, paving the way for a potential altcoin season. If so, then altcoins could witness significant gains in the second half of the year and outperform BTC in the process. In an X post, crypto analyst Michaël van de Poppe also commented on the rising Bitcoin dominance and a potential altcoin season. He noted that the altcoin season indicator has hit its lowest number in two years. The analyst added that the lows of this indicator over the last six years were in June or July. Based on this, he remarked that there seems to be a pattern since the indicator has hit a low again this June. Michaël van de Poppe didn’t predict when exactly altcoin season could begin or if the Bitcoin dominance would top anytime soon. However, before now, he had expressed confidence that the alt season would still happen. The analyst noted that the last cycle was also called a Bitcoin cycle until altcoins started to run and heavily outperformed. What Needs To Happen For Altcoins To Take Off In another X post, Michaël van de Poppe stated that altcoins are in need of an upward push from Ethereum, and that this needs to happen through a push of Bitcoin. He further remarked that once the BTC price bottoms out, that is a very likely moment for Ethereum to continue outperforming the flagship crypto, with the Bitcoin dominance declining. Related Reading: Analyst Calls Start Of Altcoin Season Amid Deviation Of Cyclical Lows – Details The analyst believes that altcoins would start “shining” when the next leg upwards for Ethereum takes place, possibly ushering in altcoin season. He declared that once altcoins start to shine, market participants can expect them to heavily outperform the markets. However, for now, Michaël van de Poppe believes investors need to have some more patience. At the time of writing, the Bitcoin price is trading at around $101,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Honeypot scams lure crypto investors into buying tokens they can’t sell, locking their funds through smart contract tricks.
Ethereum has dropped 17% since Friday, breaking down from the long-standing range that held firm since early May. The sharp sell-off came after news broke of US airstrikes targeting Iranian nuclear facilities, sending shockwaves across global markets and sparking panic selling in risk assets. ETH was no exception, plunging below multiple support zones before finding a temporary floor at $2,100. Related Reading: Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106 This level served as a critical demand area, and Ethereum has since managed to bounce, offering bulls a glimmer of hope in an otherwise uncertain market. However, the breakdown of the previous trading range indicates that momentum has clearly shifted in favor of the bears. According to top analyst Ted Pillows, Ethereum must reclaim the top of the former range to signal that the downside move was a deviation rather than a full breakdown. As investors digest the growing geopolitical risk and continue to react to macroeconomic pressures such as persistent inflation and hawkish Federal Reserve policy, Ethereum’s path forward remains uncertain. Still, the bounce from $2,100 provides a chance for bulls to reestablish control—if they can push the price back above key resistance levels in the sessions ahead. Ethereum Holds Support But Bears Still in Control Recent price action has taken a heavy toll on altcoins, with Ethereum leading the downturn as most assets fall to lower demand levels. Since reaching its early June high, Ethereum has shed over 26% of its value, now trading under intense bearish pressure. Despite the decline, bulls have managed to defend the critical $2,100 support level, providing a temporary floor in an otherwise fragile environment. Geopolitical instability—particularly the escalating conflict between the US, Israel, and Iran—continues to add volatility and risk aversion to the market. Investors remain cautious, with the broader macroeconomic backdrop dominated by high US Treasury yields, stubborn inflation, and a hawkish Federal Reserve. These factors have put additional weight on the crypto sector, especially on Ethereum, which is widely seen as the main catalyst for a potential altseason that has yet to materialize. Ted Pillows notes that Ethereum recently tested the $2,100 support and successfully bounced. However, he emphasizes that the price must reclaim the top of its previous range to regain bullish momentum. If ETH fails to break and hold above the $2,350 range low, it risks a deeper move toward the start of the previous impulse leg—or worse. The coming days will be critical for Ethereum. Reclaiming lost levels would indicate strength and possibly kick off the long-awaited altcoin rotation. But continued rejection could signal more downside ahead, with sentiment already fragile and demand still lacking. Until clarity returns, Ethereum remains in a decisive phase where every candle matters. Related Reading: Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details ETH Price Analysis: Breakdown Below Key Structure Ethereum (ETH) has sharply declined, with the price now sitting around $2,248. This move marks a confirmed breakdown from the key range between $2,320 and $2,850, which had been holding since early May. The rejection from the upper resistance zone near $2,850, combined with high-volume selling, indicates clear bearish momentum. The current candle structure on the 3-day timeframe shows strong downward pressure, especially as ETH failed to hold above the 100-day and 200-day moving averages (currently at $2,638 and $2,776, respectively). These levels now act as dynamic resistance, adding more weight against any short-term bullish reversal attempts. ETH is also trading well below the 50-day moving average at $2,265, a level that has historically acted as a short-term directional signal. Unless price reclaims and consolidates above that zone, the bearish trend could continue toward the $2,000–$2,100 support cluster—an area that previously sparked buying interest during March’s recovery. Related Reading: Tron Energy Usage Surges 108% – Smart Contract Activity Accelerates Volume has spiked significantly on this drop, suggesting panic selling rather than a controlled correction. For bulls to regain control, ETH must reclaim the range low at $2,320 quickly. Otherwise, downside pressure could continue to dominate in the near term. Featured image from Dall-E, chart from TradingView
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
In the past week, when the Iran-Israel conflict was at its peak, the recent US attack on Iranian nuclear sites, followed by a lethal warning, spooked investors’ confidence. As a result, the Ethereum price fell 17% after 45 days of consolidation above the 200-day EMA.. It has retested the $2200 support zone in the last …
Digital asset investment products recorded their tenth straight week of inflows, bringing in $1.24 billion last week, according to data from CoinShares. This continued streak has pushed year-to-date (YTD) inflows to $15.1 billion, a new record for this year. The inflows come at a time of heightened geopolitical tension, particularly following Israel’s military action against […]
The post Bitcoin and Ethereum inflows surge past $1.2B despite rising geopolitical risks appeared first on CryptoSlate.
Global Bitcoin and Ethereum-based funds led with net inflows of $1.1 billion and $124 million respectively.
The market’s leading crypto, Bitcoin (BTC), dipped below the $100,000 mark for the first time in over a month on Sunday, following US airstrikes on Iran as conflicts in the middle east continue to escalate. This decline, which saw the Bitcoin price drop approximately 4% to around $99,300, coincided with a broader market sell-off, with Ethereum (ETH) experiencing an even sharper decline of nearly 10%. Overall, the total cryptocurrency market took a significant hit, falling about 7% in just 24 hours. Geopolitical Unrest And Tariff Troubles The timing of this downturn was particularly notable, occurring just hours after the US targeted three key nuclear sites in Iran. Tensions had escalated following a United Nations report that indicated Iran was not adhering to international prohibitions against developing a military nuclear program. In response to these revelations, Israel conducted strikes against Iran, leading to further retaliation from the Islamic Republic. On Saturday, President Donald Trump declared on social media: This is an HISTORIC MOMENT FOR THE UNITED STATES OF AMERICA, ISRAEL, AND THE WORLD. IRAN MUST NOW AGREE TO END THIS WAR. THANK YOU! Related Reading: Solana Cracks Below Key Structure – Head And Shoulders Breakdown Points To $106 This recent plummet below the psychologically significant $100,000 threshold follows a year of substantial gains for Bitcoin. After Trump took office in January, Bitcoin reached all-time highs above $100,000 in February, buoyed by executive orders aimed at supporting the cryptocurrency sector. However, the cryptocurrency’s price soon mirrored the broader declines in financial markets, particularly after Trump announced severe tariffs in April, which saw Bitcoin fall to nearly $75,000, its lowest point in 2025. Despite this volatility, Bitcoin had seen a resurgence, particularly in May when it reached new highs as Wall Street investors returned to the cryptocurrency through US exchange-traded funds (ETFs). However, by late Sunday, there were signs of recovery, with Bitcoin trading approximately at $101,300, down only 1% over the previous day, while ETH managed to pare its losses to around $2,200. Forced Liquidations Exacerbate Bitcoin Sell-Off According to CNBC, Iran has also threatened to block the Strait of Hormuz, a crucial shipping route responsible for approximately 20% of the global oil supply, further adding to the broader financial uncertainty. JPMorgan warned that such a blockade could drive oil prices up to $130 per barrel, which would have significant implications for US inflation, potentially pushing it back toward 5%—a level not seen since March 2023. While Bitcoin has often been promoted as an inflation hedge, its recent behavior aligns more closely with that of high-beta tech stocks. Data from crypto provider Kaiko indicates that Bitcoin’s correlation with the tech-heavy Nasdaq has increased sharply in recent weeks, particularly following the surge in inflows into Bitcoin ETFs. Related Reading: $312M ETH Transfer Triggers Sell-Off Fears As Ethereum Price Crashes Below Support Institutional investment patterns have also shifted. More than $1.04 billion flowed into spot Bitcoin ETFs from Monday to Wednesday last week, but this momentum dissipated as the weekend approached, with minimal net movement on Thursday and only $6.4 million on Friday. The technical aspects of the market further exacerbated the sell-off. Research from CoinGlass revealed that Bitcoin’s drop below $99,000 triggered forced liquidations across offshore derivatives platforms, including Binance and Bybit. During this period, over $1 billion in crypto positions were liquidated within 24 hours, with more than 95% of these coming from long positions, highlighting the market’s overexposure. Featured image from DALL-E, chart from TradingView.com
Ethereum price started a fresh decline below the $2,500 zone. ETH is now consolidating losses and might attempt to recover above the $2,250 resistance. Ethereum started a fresh decline below the $2,350 level. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it settles above the $2,320 resistance zone in the near term. Ethereum Price Eyes Recovery Ethereum price started a fresh decline below the $2,500 support level, like Bitcoin. ETH price declined below the $2,350 and $2,250 levels. The bears even pushed the price below the $2,200 level. The pair tested the $2,120 zone and started a consolidation phase. There was a minor move above the $2,200 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. Ethereum price is now trading below $2,300 and the 100-hourly Simple Moving Average. On the upside, the price could face resistance near the $2,250 level. There is also a key bearish trend line forming with resistance at $2,280 on the hourly chart of ETH/USD. The next key resistance is near the $2,340 level. It is close to the 50% Fib retracement level of the downward move from the $2,568 swing high to the $2,114 low. The first major resistance is near the $2,400 level. A clear move above the $2,400 resistance might send the price toward the $2,500 resistance. An upside break above the $2,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,550 resistance zone or even $2,620 in the near term. More Losses In ETH? If Ethereum fails to clear the $2,340 resistance, it could start a fresh decline. Initial support on the downside is near the $2,200 level. The first major support sits near the $2,150 zone. A clear move below the $2,150 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 support level in the near term. The next key support sits at $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,150 Major Resistance Level – $2,340
Blockchain tracking service Whale Alert posted a major alert showing that 129,392 ETH was transferred from an unidentified wallet to Coinbase as the Ethereum price tumbled. On-chain data from Etherscan shows that this particular wallet had not been involved in the transfer of large ETH volumes since November 2022. This sudden reactivation and deposit into a centralized exchange opens up speculation of a looming selloff, especially given the timing of the transfer. Massive ETH Transfer As Middle East Tensions Escalate Whale transaction tracker Whale Alerts, which initially reported the transfer on the social media platform X, noted that at the time of the transfer, these 129,392 ETH were worth $312,981,377. The timing of the transfer is noteworthy because it occurred when the price of Ethereum failed to hold above $2,500 and had already begun to struggle to stay above $2,400. Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications Etherscan’s tracking of on-chain transactions indicates that the unknown wallet “0xd47b,” which was involved in the transfer, has been relatively inactive since late 2022. Particularly, its last transaction was an inflow of 6,469 ETH from another wallet linked to Coinbase. The latest transfer into Coinbase leans more towards the possibility of a selloff through the exchange. Since then, the Ethereum price has lost a key support level at $2,450. Its price has fallen notably in the past 48 hours. Although other factors are clearly contributing to the dip, particularly new geopolitical tensions after the US launched attacks on Iran, this whale deposit into Coinbase may have increased the downward pressure. Exchange inflows of this magnitude are a precursor to liquidation, particularly now that investor sentiment is on edge. Bearish Setup Confirms Downside Targets The technical picture for Ethereum is now turning bearish, at least in the short term. Technical analysis of Ethereum’s 4-hour chart on the TradingView platform shows a clear bearish breakdown setup after Ethereum broke below a crucial support line at $2,362. That support level has now been breached, and confirmation of the breakdown amplifies a bearish case moving forward. Related Reading: Bitcoin Price Breakdown Spurs Sell-Offs, Analyst Reveals What Will Happen If BTC Hits 92,800 Chart Image From TradingView The chart above, which includes overlays of the Ichimoku Cloud, shows a fading bullish momentum in the past few days. Previous failed attempts to break resistance have left Ethereum in a vulnerable zone, and the recent whale selloff may have delivered the final push needed to trigger this leg down. If the current trajectory continues, Ethereum could be on its way to retesting lows below $2,000. According to the TradingView analysis, potential reversal targets are at $2,151 and $1,954, with a third possible level at $1,750 if the selloff is more than expected. At the time of writing, Ethereum is trading at $2,290, down by 5.5% and 10% in the past 24 hours and seven days, respectively. Featured image from Dall.E, chart from TradingView.com
Ether plunged to $2,224 before bouncing back to $2,292, with five times normal trading volume fueling a fast recovery.
Ethereum has officially broken below the long-standing range it had maintained since early May, losing the critical $2,320 support level. This breakdown was triggered by escalating geopolitical tensions, as news broke that the United States had launched attacks on Iranian nuclear facilities. The announcement sent shockwaves through global markets, sparking widespread risk-off behavior and panic selling across crypto. Ethereum, already trading near the bottom of its six-week consolidation range, quickly reacted with a sharp drop, dragging the broader altcoin market with it. Related Reading: Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why The move marks a critical shift in sentiment, as Ethereum now trades outside the range that had served as a battleground between bulls and bears for over a month. With volatility spiking and confidence shaken, traders are re-evaluating risk in light of escalating conflict in the Middle East and broader macroeconomic headwinds. According to top analyst Big Cheds, Ethereum’s weekly chart is now flirting with a potential tower top pattern completion — a bearish reversal structure that may signal further downside unless buyers reclaim key levels in the coming days. As the situation evolves, all eyes will remain on ETH’s ability to hold new support levels or risk further decline in a fragile market environment. Ethereum Slides 22% From June Highs – All Eyes On Weekly Structure Ethereum has lost over 22% of its value since peaking in early June, as global instability and heightened selling pressure weigh heavily on market sentiment. The asset has now broken below its six-week range, triggering concern among investors and adding to uncertainty across the broader crypto space. With rising tensions in the Middle East—particularly following US attacks on Iranian nuclear facilities—the market has entered a risk-off environment, dragging altcoins like Ethereum into deeper retracements. Despite the volatility, Ethereum remains at the center of investor focus, as many still expect it to lead the next altseason. However, with bulls losing control of key support zones, confidence in a near-term rally continues to waver. Analysts are now split: while some predict a deeper retracement toward the $2,000 region, others argue that Ethereum is nearing exhaustion on the downside and may soon recover. Big Cheds points to Ethereum’s weekly chart, where the price is currently flirting with a potential tower top pattern—a bearish reversal structure. If this pattern confirms, ETH may face another wave of downside before finding demand at lower supply levels. If buyers step in during this pivotal moment, a recovery from this structure could quickly follow. The coming sessions will be critical in determining whether this breakdown extends or turns into a fakeout with bullish continuation. For now, traders should remain cautious, as Ethereum’s next move could define the tone of the altcoin market heading into July. Related Reading: Tron Energy Usage Surges 108% – Smart Contract Activity Accelerates Ethereum Breaks Down Below Support As Volatility Spikes Ethereum has officially broken below the $2,320 support level, signaling a shift in short-term market structure as shown in the 4-hour chart. After weeks of ranging between $2,320 and $2,650, ETH failed to reclaim its moving averages and lost bullish momentum. The price is now trading around $2,260, down sharply from its June highs near $2,900. This recent leg down follows a clean breakdown through the 50, 100, and 200-period SMAs, confirming a strong bearish momentum. Volume spikes accompanied the drop, suggesting panic selling likely triggered by geopolitical turmoil in the Middle East. The price broke down aggressively with little resistance, meaning previous demand zones have now become weak. If buyers fail to step in quickly, Ethereum may revisit earlier May support levels around $2,100 or even $2,000. Related Reading: Ethereum Charts Signal Potential Bottom – All Eyes On Next Move From a technical standpoint, the breakdown invalidates the previous consolidation range, opening the door for a possible extended correction. Until ETH reclaims $2,320 and stabilizes above its moving averages, the risk of continued downside remains high. Market participants should watch closely for volume shifts or bullish divergences, but for now, Ethereum remains under pressure as uncertainty continues to dominate the macro environment. The next few sessions will be crucial for price discovery. Featured image from Dall-E, chart from TradingView
Ethereum is once again trading at critical demand levels, testing the lower boundary of a six-week range that began forming in early May. After briefly climbing toward $2,800 earlier this month, ETH has retraced back to the $2,400 zone, reigniting debate about whether this is a healthy consolidation or a sign of further downside to come. Despite the pressure, Ethereum has not broken below this range, signaling that buyers continue to step in at these levels. Related Reading: Solana Analyst Sees $123 And $116 As Mid-Zone Support Levels – Here’s Why This extended consolidation period suggests a decisive move is nearing. Breakouts from tight ranges like this one often lead to strong directional momentum, and ETH’s current price structure could act as a launchpad—if bulls regain control. According to top analyst M-log1, Ethereum may have already bottomed during its most recent retrace, with the current action reflecting accumulation rather than weakness. The ETH/BTC ratio, another critical chart watched by traders, is also hovering near support levels, implying that a rotation back into altcoins may be imminent if Ethereum holds or pushes higher. For now, the market watches closely, as ETH’s next move could set the tone for broader altcoin performance in the weeks ahead. Ethereum Holds Range As Market Awaits Decisive Break Ethereum continues to trade within a tight consolidation range that began in early May, showing resilience despite growing global tensions and macroeconomic uncertainty. The price has hovered between $2,360 and $2,700, forming a narrow channel as buyers and sellers remain locked in a standoff. With conflicts in the Middle East intensifying and financial markets reacting to high interest rates and rising Treasury yields, crypto assets are under pressure, and Ethereum is no exception. The long-anticipated altseason has yet to materialize, and Ethereum is widely seen as the key to unlocking that next phase. ETH’s dominance in the smart contract and DeFi space gives it a central role in leading altcoin market momentum. Traders and analysts are closely monitoring its current range, especially after M-log1 shared analysis suggesting the recent low at $2,360 could mark a local bottom. According to M-log1, Ethereum is now consolidating just below the $2,450 level, and this zone could serve as a bullish trigger if reclaimed with strength. A decisive move in either direction will likely set the tone for the broader crypto market, with a breakout above $2,500 potentially igniting the next leg upward. Until then, market participants are watching closely. If ETH fails to hold these demand levels, the range could break to the downside, delaying any altseason rally further. But if bulls regain control and push above key resistance, it could signal the start of a much-anticipated upward move. In this environment of uncertainty, Ethereum’s next breakout-or breakdown—could prove pivotal for market sentiment heading into the second half of the year. Related Reading: Ethereum Prepares For A Decisive Move: ETH/BTC Setup Could Trigger Altseason ETH Tests Key Support As Price Retraces Ethereum is currently trading at $2,405, down 4.17% in the last session, after testing a low of $2,367. The chart reveals that ETH has retraced back to the lower boundary of a six-week range, confirming strong demand in the $2,360–$2,400 area. This zone has acted as a critical support level multiple times, with bulls stepping in each time to defend it. The price remains trapped below the 200-day moving average ($2,774), which has proven to be a strong resistance. Meanwhile, both the 50-day and 100-day moving averages are trending below price, currently sitting at $2,287 and $2,640, respectively, tightening the range even more. This compression typically leads to high volatility once a breakout occurs. Related Reading: Ethereum Mirrors Bitcoin 2017-2021 Pattern – $4,000 Is The Trigger Point Volume has remained elevated during recent sessions, suggesting that buyers and sellers are actively competing for control. A decisive close below $2,360 could trigger a cascade toward $2,100 or lower. Conversely, if bulls manage to reclaim $2,500 and sustain momentum toward the $2,700–$2,800 resistance band, it may set the stage for a breakout. Featured image from Dall-E, chart from TradingView
Ether bounces from intraday lows after a sharp 7.25% swing; 24-hour trading volume surged nearly 19% above the 7-day average, signaling heightened market activity.
Ethereum is currently trading at $2442.32, down over 4% in the past day. In the last 24 hours, Ethereum has moved between $2389.71 and $2556.98. Bearish Pressure Grows as Dormant Wallets Turn Active ETH’s Liveliness has hit a record high of 0.69, according to Glassnode, indicating that long-term holders are moving their coins and are …
The crypto market has hit rough waters, triggering widespread sell-offs and massive liquidations. According to CoinGlass, the business saw $458.61 million liquidated in the past 24 hours alone. Ethereum was the hardest hit, accounting for $170.78 million in liquidations, out of which $157.03 million from long positions and $13.75 million from shorts. This highlights growing …
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