According to Cointelegraph, Ethereum's native token, Ether (ETH), has experienced its first 'death cross' on the two-week chart since the 2022 bear market. This technical pattern, where the 20-period exponential moving average (EMA) falls below the 50-period EMA, has historically been associated with significant price declines, including a notable 40% drop in 2022. The current setup mirrors the past, with a strong local top followed by a prolonged consolidation phase and a gradual breakdown marked by lower highs. As of June 2025, ETH struggles to surpass these key moving averages, maintaining downside risks and potentially targeting a decline toward $1,835, a significant Fibonacci level from the 2021-2022 period.
Despite these bearish signals, there are indicators of bullish potential for Ethereum. A successful reclaiming of the 20-period and 50-period EMAs as support could propel ETH toward the $3,500-4,000 range, aligning with Fibonacci targets. Supporting this possibility, ETH's price increase since May has been accompanied by its strongest trading volume since the bear market recovery phase of July-August 2022. Additionally, Ether funds have seen substantial inflows, totaling $2.43 billion in 2025, with overall assets under management reaching $14.29 billion.
The Ethereum network itself is showing robust growth, with increased trading activity indicating renewed interest from both retail and institutional participants. On June 24, the network processed 1.45 million successful transactions, the highest daily count since January 2024, according to data from Nansen. This surge suggests heightened utility demand from decentralized applications (DApps), decentralized finance (DeFi) protocols, layer-2 interactions, and staking participation, all contributing to Ethereum's network value. If this trend continues, it could lay the foundation for a sustained recovery, supported by both fractal and volume-based signals. However, investors are advised to conduct their own research, as every investment and trading move involves risk.
