$ETH After a sharp drop from the $2,600 level, the price #الإيثريوم is struggling to hold above the $2,240 level today. The daily candle closed down for three consecutive sessions, confirming a breakdown below the critical demand area between $2,425 and $2,450. Daily trading leans sharply downward, with the Relative Strength Index (RSI) approaching oversold levels, and weak momentum in the Moving Average Convergence Divergence (MACD) across multiple timeframes.
What is happening to the price of Ethereum?
Ethereum Price Forecast
The four-hour chart for Ethereum confirms a breakdown below the bullish wedge pattern that persisted throughout mid-June. The price is currently trading around $2,245, which is significantly lower than its 20/50 exponential moving averages, ranging between $2,480 and $2,525. The price also remains outside the lower Bollinger band ($2,243), indicating increased price volatility for Ethereum and rising downside risks.
Ethereum Price Forecast
The VWAP indicator on the 30-minute chart is settling above the price at $2,276, while the Parabolic SAR points hover above the candles, indicating ongoing bearish momentum.
Ethereum Price Forecast
From a broader perspective on the trend, the daily chart shows a pullback from the supply zone between $2800 and $2850, with Ethereum now testing the long-term trendline that started in April near $2230. A close below this support could lead to further declines toward the $2070-$2100 area.
Why is the price of Ethereum dropping today?
Ethereum Price Forecast
The answer lies in the price structure and trader sentiment on the network. The Relative Strength Index (RSI) on the 30-minute and four-hour charts has dropped below 30, now registering at 29.85 - a sign of short-term exhaustion, but its reversal has not yet been confirmed. The MACD remains steady on lower timeframes, with a weak bullish crossover lacking significance.
Ethereum Inflow/Outflow
Adding to the negative outlook, the recent price increases of Ethereum coincided with net outflows. According to on-chain data from June 21, Ethereum experienced net outflows of $140.76 million, indicating that traders are withdrawing their assets from trading platforms - typically a negative signal when accompanied by price declines.
Ethereum Price Forecast
The prevailing trend reversed to red on June 20 and remains bearish without any reversal signals so far. The price of Ethereum also broke through the rising wedge trendline on the daily chart. The bearish pressure remains unless the price can firmly reclaim the $2,310-$2,330 range.
Short-term outlook: Can Ethereum defend the $2,230 level?
Ethereum Price Forecast
The structure shows Ethereum trading below key moving averages, including the 20/50/100/200 exponential moving averages on the four-hour chart. The next immediate support is at $2,230 - the lower trendline area of the broader daily channel. If this support fails, the price is likely to head towards $2,100.
On the positive side, regaining $2,310 (the volume-weighted average price and the Bollinger indicator) could pave the way towards $2,434 (based on the simple moving average) and $2,483 (50 exponential moving average). However, trading volume is declining, and volatility is increasing, raising the risk of another downward wave before any real recovery attempt.
The Ethereum price update remains bearish, while short-term indicators reflect a loss of momentum. Only a strong rise above $2,425 would negate the current structure.
Ethereum Price Forecast Table: June 23, 2025
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