Ethereum Faces Potential Decline Amid Death Cross Formation

According to Cointelegraph, Ethereum's native token, Ether (ETH), has experienced its first 'death cross' on the two-week chart since the 2022 bear market. This technical pattern, where the 20-period exponential moving average (EMA) falls below the 50-period EMA, has historically been associated with significant price declines, including a notable 40% drop in 2022. The current setup mirrors the past, with a strong local top followed by a prolonged consolidation phase and a gradual breakdown marked by lower highs. As of June 2025, ETH struggles to surpass these key moving averages, maintaining downside risks and potentially targeting a decline toward $1,835, a significant Fibonacci level from the 2021-2022 period source: https://www.binance.com/en/square/post/26098594370953?utm_source=BinanceNewsRSS