Wednesday, July 23, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Ethereum

Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup

n70products by n70products
July 1, 2025
in Ethereum
0
Ethereum Price To Resume Downtrend? Market Expert Identifies Bearish Chart Setup
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


safe

Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Ad Disclosure

The Ethereum worth made a swift and robust comeback firstly of the yr’s second quarter, having struggled within the first few months of 2025. Whereas the “king of altcoins” is in a significantly better place than it was a number of months in the past, ETH has not significantly impressed in the previous couple of weeks.

The Ethereum worth had been caught inside a consolidation vary earlier than falling to a new swing low over the previous week. Within the late hours of Saturday, June 21, the altcoin’s worth fell under $2,300 in a single transfer, mirroring the brewing promoting stress out there as a result of escalating tensions in Asia.

Is ETH Worth Certain For The $1,200 Stage Once more?

In a June twenty first put up on the X platform, Chartered Market Technician (CMT) Aksel Kibar painted an attention-grabbing bearish image for the Ethereum worth over the subsequent few weeks. In accordance with the market skilled, the value of ETH could possibly be gearing up for a interval of great downward motion.

The reasoning behind this bearish projection is the value motion of an ascending channel sample on the Ethereum chart on the weekly timeframe. An ascending channel is a technical evaluation sample characterised by two main (upward-sloping) trendlines: the higher line linking the swing highs and the decrease line connecting the swing lows.

Sometimes, the ascending channel pattern suggests the persistence of an upward worth pattern. Nonetheless, a breakout of this channel can be utilized to establish a pattern reversal or continuation. For example, if a breakout happens beneath the decrease trendline, it means that there could be a shift from an upward pattern to a downtrend. 

Ethereum price

Supply: @TechCharts on X

As proven within the chart above, this breakdown was the case for the Ethereum worth when it succumbed to vital bearish stress earlier this yr. The altcoin’s worth plunged to as little as $1,200 in early April earlier than witnessing a powerful resurgence again above the $2,000 degree.

In his put up on X, Kibar posited that the recent bullish momentum seen with the Ethereum worth could possibly be a mere retest of the damaged decrease channel boundary. If that is so, the value of ETH could also be headed again to $1,200 and even decrease — across the $900 area.

Ethereum Worth At A Look

As of this writing, the value of ETH sits simply beneath the $2,300 degree, reflecting an over 5% decline prior to now 24 hours. In accordance with knowledge from CoinGecko, the altcoin is down by almost 9% on the weekly timeframe.

Ethereum price

The value of ETH on the day by day timeframe | Supply: ETHUSDT chart on TradingView

Featured picture from iStock, chart from TradingView

safe

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our crew of prime expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



Source link

Tags: BearishChartdowntrendEthereumExpertIdentifiesMarketPriceResumeSetup
Previous Post

Only Top 10 Coin Where Loss-Taking Exceeds Profit

Next Post

Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Next Post
Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Cardano (ADA) Sideways — Support Intact, But No Spark for a Move Yet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries

Authorities Allege Scammers Stole $265,000,000 in Crypto To Buy Exotic Cars, Private Security and Other Luxuries

May 20, 2025
Dogecoin (DOGE) Nosedives Toward $0.20—More Pain Ahead?

Dogecoin (DOGE) Nosedives Toward $0.20—More Pain Ahead?

February 25, 2025
Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent?

Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent?

May 10, 2025
Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation

Analyst Predicts Possible 40% Crash For XRP Price With Gravestone DOJI Candle Formation

November 19, 2024
$31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows

$31M In Bitcoin Floods In For Silk Road Founder Ross Ulbricht As Support Grows

June 6, 2025
Cardano (ADA) Battles Resistance: A Fresh Surge In Sight?

Cardano (ADA) Battles Resistance: A Fresh Surge In Sight?

December 9, 2024

Recent Posts

  • How Ripple Is Taking On SWIFT To Grab 14% Market Share As XRP Price Surges
  • FBI Ends Probe Into Kraken Co-Founder: Report
  • Walmart is selling the latest Apple Pencil Pro for the exact same price as the older Apple Pencil 2nd Gen

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

How Ripple Is Taking On SWIFT To Grab 14% Market Share As XRP Price Surges

How Ripple Is Taking On SWIFT To Grab 14% Market Share As XRP Price Surges

July 23, 2025
FBI Ends Probe Into Kraken Co-Founder: Report

FBI Ends Probe Into Kraken Co-Founder: Report

July 23, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version