Ethereum (ETH), the second most valuable cryptocurrency by market capitalization, slightly retreats and breaks the psychological support of $2,500, trading this June 8, 2025, at $2,499.71, according to official market data from Binance.
Despite maintaining a marginal increase of 0.38% in 24 hours, the trend raises concerns in the investing community, especially after a streak of inflows into Ether ETFs that had elevated expectations.
📉 What's happening?
According to James Seyffart, a Bloomberg analyst specializing in ETFs, the excitement following the approval of spot funds has begun to dissipate:
“Much of the recent rally was driven by narrative. Now comes the consolidation phase. It's not a drop, it's an adjustment.”
For his part, Arthur Hayes, former CEO of BitMEX, has warned of a possible 'mini-winter' if traditional markets enter risk-averse mode. Ethereum, with its ties to DeFi developments and staking, is not immune.
📊 Technically, the break below $2,500 triggers alerts from traders like Crypto Tony and Daan Crypto Trades, who have pointed out that if ETH does not recover this level soon, we could see a pullback towards the $2,300 - $2,200 zone.
🔎 Key factors at play:
Consolidation after record inflows in spot ETFs.
Possible corrections before the official launch of staking ETFs.
Mixed sentiment in the market due to regulatory pressure in the U.S.
