$ETH Today's ETH price, on June 13, 2025, is trending downwards. Several factors may contribute to this decline:
* Overall market sentiment: The cryptocurrency market in general is experiencing a "profit-taking" phase, and trading volumes are somewhat sluggish. Bitcoin and other major altcoins are also showing signs of weakness, dragging ETH down with them.
* Lack of bullish momentum: Although there has been inflow into spot Ethereum ETF funds, this seems insufficient to generate a strong price rally for ETH. Some analysts believe that ETH is struggling to overcome significant resistance levels.
* Slowing on-chain activity: Some reports indicate that the demand for using the Ethereum network has slowed down in recent months. This has led to a decrease in the ETH burn rate (the mechanism for reducing supply), increasing the circulating supply and putting downward pressure on prices.
* Futures liquidations: ETH has seen significant futures contract liquidations, particularly in "long" (buy) positions, indicating increasing selling pressure in the derivatives market.
* Macroeconomic factors: Macroeconomic factors, such as inflation data or policies from the U.S. Federal Reserve (Fed), may also impact investor sentiment towards riskier assets like cryptocurrencies.