Ethereum Market Trend Analysis 20250623

The weekly chart shows a large bearish candle with short upper and lower shadows, and the trading volume is about one-fifth less than last week, indicating no significant volume drop.

The weekly MA30 line continues to trend downward, and the price has not broken through the weekly MA30 line, while the MACD shows weakening upward momentum just below the zero axis.

After five consecutive weeks of doji patterns, the weekly chart did not choose to break upward but followed Bitcoin's decline, indicating that there is no consensus among investors and significant divergence remains, which also reflects Ethereum's weakness.

Only when Bitcoin has completed its adjustment and stabilizes in a sideways trend, will there be a chance for Ethereum, and that is merely a possibility.

Of course, in the upcoming tail end of the bull market, I hope Ethereum can perform relatively well.