closingweek

🔹 Price Action Overview (June 16–22, 2025)

This week, Ethereum dropped from around $2,600 to $2,420, marking a ~6–7% decline. The downturn followed broader pressure across both spot and futures markets.

🔹 On-chain Signals & Market Flows

– Over 72,000 ETH moved to exchanges in a single day; total flows exceeded 285,000 ETH in four days

– Despite selling pressure, fundamental metrics remain strong:

 • Staked ETH continues to grow (now 35.1M ETH)

 • Drop in gas fees = network remains healthy

 • Increase in dormant addresses = long-term conviction

🔹 Derivatives Data (Coinglass)

– Open Interest increased significantly (by ~720k ETH), but the price didn't follow — signal of potential short build-up

– Over $163M in liquidations, mostly from long positions ($141M)

– Funding rates remained neutral, showing lack of confidence for a strong upward move

🔹 Technical Picture

– ETH forms a symmetrical triangle pattern (~$2,850 ceiling) — potential breakout in either direction

– Rejected at the 200‑SMA

– RSI indicates continued bearish pressure

🔮 Outlook for June 23–29

ScenarioDescription :
✅ BullishBreak above $2,600–2,850 possible with ETF inflows or macro support
⚠️ NeutralConsolidation in the $2,400–2,500 zone; market lacks conviction
❌ BearishClean break below $2,400 could open downside to $2,200–2,300

🧠 Trading Insight :

If you hit your stop-loss this week — good job.

If you're holding because "it always bounces" — maybe it's time to reframe the game.

We're not here to play roles. We're here to play results.

👁️ What to Watch

– Spot inflows to major exchanges

– Open Interest & funding rates on Coinglass

– Price action around $2,400–$2,600, especially the 200-SMA

– News around ETF approval or rejection

– On-chain staking and active wallet behavior

🗣️ What’s your take?

Bounce incoming or further breakdown?
Share your thoughts or reply with your levels!

#Ethereum #ETHAnalysis #PeacefulTrading #CryptoMarketMoves #closingweek