๐น Price Action Overview (June 16โ22, 2025)
This week, Ethereum dropped from around $2,600 to $2,420, marking a ~6โ7% decline. The downturn followed broader pressure across both spot and futures markets.
๐น On-chain Signals & Market Flows
โ Over 72,000 ETH moved to exchanges in a single day; total flows exceeded 285,000 ETH in four days
โ Despite selling pressure, fundamental metrics remain strong:
โโข Staked ETH continues to grow (now 35.1M ETH)
โโข Drop in gas fees = network remains healthy
โโข Increase in dormant addresses = long-term conviction
๐น Derivatives Data (Coinglass)
โ Open Interest increased significantly (by ~720k ETH), but the price didn't follow โ signal of potential short build-up
โ Over $163M in liquidations, mostly from long positions ($141M)
โ Funding rates remained neutral, showing lack of confidence for a strong upward move
๐น Technical Picture
โ ETH forms a symmetrical triangle pattern (~$2,850 ceiling) โ potential breakout in either direction
โ Rejected at the 200โSMA
โ RSI indicates continued bearish pressure
๐ฎ Outlook for June 23โ29
ScenarioDescription :
โ BullishBreak above $2,600โ2,850 possible with ETF inflows or macro support
โ ๏ธ NeutralConsolidation in the $2,400โ2,500 zone; market lacks conviction
โ BearishClean break below $2,400 could open downside to $2,200โ2,300
๐ง Trading Insight :
If you hit your stop-loss this week โ good job.
If you're holding because "it always bounces" โ maybe it's time to reframe the game.
We're not here to play roles. We're here to play results.
๐๏ธ What to Watch
โ Spot inflows to major exchanges
โ Open Interest & funding rates on Coinglass
โ Price action around $2,400โ$2,600, especially the 200-SMA
โ News around ETF approval or rejection
โ On-chain staking and active wallet behavior
๐ฃ๏ธ Whatโs your take?
Bounce incoming or further breakdown?
Share your thoughts or reply with your levels!
#Ethereum #ETHAnalysis #PeacefulTrading #CryptoMarketMoves #closingweek
