HomeUncategorized3 reasons Ethereum price risks 25% downside in June By Cointelegraph

3 reasons Ethereum price risks 25% downside in June By Cointelegraph

June 6, 2022

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3 reasons Ethereum price risks 25% downside in June

Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against (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
daily price chart featuring ‘descending triangle’ setup. Source: TradingView
Ethereum exchange reserves. Source: CryptoQuant