Ethereum Price Now Shows Initial Death Cross Since 2022: Is a Further Crash Approaching?
If Jerry Seinfeld were to enter the Ethereum market, he might say: “Have you ever invested in Ethereum?”
*audience laughs*
“You spend your entire weekend going through whitepapers, diving into the details of gas fees, and you’re thinking: This is it. This is the way forward. We’re about to outpace BTC any moment now!”
*audience erupts in hearty laughter*
[Cue Seinfeld Theme]
Ethereum’s previous advantage over Bitcoin this quarter has dwindled. Now sitting below $2,500, Ethereum is approaching a critical turning point; here’s the forecast for its price action:
Ethereum’s MVRV Ratio Indicates Mild Optimism
Ethereum’s market-value-to-realized-value (MVRV) ratio is currently at 1.16, slightly above neutral levels. While this suggests that holders are experiencing modest profits, ETH continues to be limited by a significant descending trendline from 2018.
The takeaway is that altcoins tend to lag unless the Fed reduces interest rates and revives the money token supply.
On top of that, ETH must overcome a crucial resistance point at $2,575. A decisive break above this level could see prices target $2,850, but lacking this momentum, we could be looking at a pullback towards the $1,750 support area.
Analyst Burak Kesmeci remarks, “The visible range volume profile points out significant historical interest between $2,100 and $2,300, making this zone vital for Ethereum’s forthcoming shift.”
DATABASE level of $ETH shorts
Anticipating the massive short squeeze pic.twitter.com/X8VUGfiPbc
— Quinten | 048.eth (@QuintenFrancois) June 27, 2025
Moreover, Sharplink Gaming acquired almost 6,000 ETH via Galaxy Digital, investing $14.45M despite the recent market fluctuation.
This clearly indicates confidence in Ethereum’s long-term potential if it can successfully break out.
Geopolitical and Macroeconomic Factors Impacting $ETH
Additionally, fears of conflict between the U.S., Iran, and Israel resulted in a $701M decrease in crypto within a single day, but Bitcoin and ETH quickly rebounded following ceasefire reports. Declining oil prices and a weaker dollar are providing some upward momentum, while ETF inflows suggest consistent institutional interest.
It’s crucial to note that the conflict may not yet be resolved, with indications that the U.S. didn’t eliminate Iran’s nuclear capabilities and could have sparked another prolonged conflict in the Middle East.
BREAKING: Israeli Defense Minister Israel Katz states that all enriched uranium in Iran was not destroyed, U.S. and Israel will request Iran to surrender it. -ABC
— Dominic Michael Tripi (@DMichaelTripi) June 26, 2025
Unity Wallet COO James Toledano summed it up succinctly: “Falling oil prices, expectations of rate cuts, and ETF inflows are contributing to this rebound.”
What Lies Ahead for Ethereum’s Price?
Two crucial indicators will determine whether ETH will surge or stall. First, it must break through the $2,575 mark and sustain it. Next, it has to surpass its long-term MVRV trendline. Achieve both, and we could see $2,850 in sight swiftly.
It’s wild to think that I, like many of you, held ETH when it was above $4,000 and that was nearly four years ago now. $ETH holders must be feeling the pressure.
[Cue that Seinfeld music again, Johnny!]
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Key Takeaways
- Ethereum’s previous edge over Bitcoin this quarter has diminished. Now trading below $2,500, Ethereum confronts a crucial turning point.
- All eyes will be on Jerome Powell next month, as inflation continues and labor indicators weaken.
The post ETH Price Now Flashes First Death Cross Since 2022: Is Another Crash Coming? appeared first on 99Bitcoins.
