ETH’s two-week chart signals a bearish crossover, echoing a 2022 setup that preceded a 40% decline.
ETH’s two-week chart signals a bearish crossover, resembling a 2022 setup that preceded a 40% decline in the price of Ethereum. Ethereum has printed its first two-week death cross since 2022, historically linked to a ~40% price drop.
Previous death cross preceded a ~40% ETH price decline The bearish crossover occurred as ETH’s 20-period exponential moving average slipped below its 50-period EMA . In mid-2022, a similar crossover preceded a 40% decline in Ether price.The lead-up to Ether’s death cross closely resembles the 2022 setup: a strong local top, followed by a multimonth consolidation phase, then a slow breakdown marked by lower highs. Additionally, in both past and present setups, Ethereum first closed below its 20-period EMA, then slid beneath the 50 EMA, forming a local bottom. It later tested these levels as resistance multiple times before reclaiming them.As of June 2025, ETH was struggling to break above the 20- and 50-period EMAs despite repeated attempts. Continued rejection at these moving averages keeps downside risks elevated, eyeing declines toward $1,835—a Fibonacci level from the 2021-2022 era—as the next price floor.Ethereum network shows strong growth The uptick in trading activity indicates renewed interest from retail and institutional participants. But the momentum appears to extend beyond mere speculation. On June 24, the Ethereum network processed 1.45 million successful transactions, its highest daily count since January 2024, according to data resource That could lay the groundwork for a sustained recovery, aligning with both fractal and volume-based signals, if the trend persists. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.MapleStory apologizes for cheaters, Tokyo Beast blows up in Japan, FIFA Rivals: Web3 Gamer
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