Ethereum ‘Death Cross’ Flashes For The First Time Since 2022 ETH Price Sell-off
Ethereum's native token, Ether (ETH), has experienced its first "death cross" on the two-week chart since the 2022 bear market, with the 20-period exponential moving average (EMA) falling below the 50-period EMA. This crossover historically preceded a ~40% price decline. The current market setup mirrors the 2022 pattern, showing a strong local top followed by consolidation and a breakdown with lower highs. ETH has struggled to surpass the 20- and 50-period EMAs, maintaining downside risks toward a potential price floor of $1,835. A successful retake of these EMAs could lead to a rally toward $3,500-$4,000. Recent trading activity has surged, with Ethereum processing 1.45 million transactions on June 24, indicating increased utility demand and strong inflows into Ether funds totaling $2.43 billion in 2025. This uptick suggests renewed interest from both retail and institutional investors, potentially supporting a sustained recovery for Ethereum.
