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3 reasons Ethereum price risks 25% downside in June

Published 06/05/2022, 12:05 PM
Updated 06/06/2022, 02:40 PM
3 reasons Ethereum price risks 25% downside in June
BTC/USD
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ETH/USD
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Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC) and now remains pinned below $2,000 for several reasons.

What’s more, ETH price could face even bigger losses in June due to another slew of factors, which will be discussed below.

Flow into/from crypto funds (by assets). Source: CoinShares/Bloomberg
Ethereum TVL as of June 5. Source: DeFi Llama
ETH/USD daily price chart featuring 'descending triangle' setup. Source: TradingView
Ethereum exchange reserves. Source: CryptoQuant

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