Ethereum Price Pauses: Technical Examination Amidst Political Turmoil?
The price of ETH is showing signs of deceleration amidst the escalating political tensions in the East. Will the price maintain its uptrend trend, and should traders consider technical analysis during periods of global unrest? Join us as we delve into the insights the latest price movements offer for traders and identify crucial areas to monitor in the coming days and weeks.
Last week, 195.32K $ETH were injected into US Spot #ETH ETFs – marking the third-highest weekly net inflow recorded. pic.twitter.com/MtTCPqWH8G
— glassnode (@glassnode) June 16, 2025
Despite the global instability, there remains a strong interest in Ethereum’s ETF, with approximately $500 million flowing in last week. This is a promising indicator of sustained market demand, even if it takes time for this to be reflected in the price.
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Ethereum Price: Is Technical Analysis Relevant Amidst Global Unrest?
Starting with a higher timeframe – the Weekly. The chart is quite volatile! A remarkable 100% surge in ETH price within just two months, followed by a prolonged sideways movement. The market structure might be deemed as disrupted, though some analysts might prefer more definitive price movements to substantiate this assertion.
For instance, consider the prior high that was tested last week. We still linger below the MA50 and MA100, yet above the MA200! Additionally, we notice five doji candles! Generally, doji candles indicate market uncertainty. The next area of interest for me will be the weekly FGV.
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Next, let’s turn our focus to the Daily timeframe. The market structure here appears more coherent. We observe prices deviating just above MA200 before dipping below again, followed by a retest and subsequent rejection. This deviation somewhat resembles the evening star candlestick pattern. While it’s not ideal, it was anticipated after such a significant price breakout. Currently, RSI appears to exhibit a pessimistic divergence.
Additionally, there is a daily FVG aligning with MA100. Will we see the price fill the weekly FVG and preempt the daily? I would argue that technical analysis remains effective for the time being.
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To wrap up, let’s examine a shorter 4H timeframe. There’s significant agreement among the higher timeframes indicating a possible retracement ahead. It remains to be seen how deep this will unfold, but my inclination is that it will settle within the Daily FVG zone. Consequently, the structure should appear more coherent, allowing the crypto market to ascend above the moving averages peacefully, ideally coinciding with a peace agreement in the East.
In the 4H timeframe, the price has surpassed all moving averages, which is another indicator of weakness. However, surprises are always around the corner! Therefore, always be vigilant in managing your risk.
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ETH Price Stumbles: Can Technical Analysis Be Trusted During Political Unrest?
- Market structure continues to show uptrend trends
- RSI indicates concealed downtrend divergence on the 1D timeframe
- Price facing rejection at MA200 on 1D – serving as current barrier level
- It must break and securely close above MA200 on the 1D to trigger alt season.
The post Ethereum Price Stalls: Technical Analysis During Political Conflict? appeared first on 99Bitcoins.
