Ethereum Price Declines Over 20% in June, Similar to 2021 Trends
Ethereum experienced a significant price decline over the past week, approaching levels not seen in over a month. This trend aligns with the established bearish movement observed in June and reflects increasing sell pressure.
Current Ethereum Price Trends
- The price began June 2025 above $2,600 but has since dropped more than 20%.
- Similar patterns were noted in June 2021, where Ethereum also faced a decline from above $2,600, eventually crashing below $2,000.
- If the current trend mirrors that of 2021, Ethereum could see further declines of up to 20%, potentially reaching a bottom between $1,600 and $1,700.
Implications for Altcoin Season
- As the largest altcoin, Ethereum is a key driver for the altcoin season.
- The last altcoin season commenced after Ethereum's price rally in July 2021, lasting until November.
- Potential rate cuts and geopolitical developments may trigger a market rally in July 2025.
- If history repeats, Ethereum could rise over 200% within five months, reaching new all-time highs by November.
