Ethereum Price Now Flashes First Death Cross Since 2022: Is Another Crash Coming?

If Jerry Seinfeld invested in the Ethereum price, it would go like this: “You ever buy Ethereum?”

*audience chuckles*

“You spend all weekend reading whitepapers, learning about gas fees, and you’re like: This is it. This is the future. We’re going to flip Bitcoin any minute now!”

*audience bursts out in uncontrollable laughing*

[Cue Seinfeld Music]

Ethereum’s early lead over Bitcoin this quarter has faded. Now trading under $2,500, ETH faces a key inflection point; here’s where the price is going next:

Ethereum

Price

Market Cap

ETH

$296.37B

24h7d30d1yAll time

Ethereum’s MVRV Ratio Signals Modest Optimism

Ethereum’s market-value-to-realized-value (MVRV) ratio stands at 1.16, slightly above neutral territory. While this indicates holders are in mild profit, ETH remains constrained by a key descending trendline dating back to 2018.

The story here is that altcoins don’t perform well unless the Fed cuts rates and turns the money printers on.

Adding to the challenge, Ethereum has to conquer a critical resistance level at $2,575. A strong breakout above this threshold could push prices toward $2,850, but without this momentum, a pullback to the $1,750 support zone could be on the horizon.

Analyst Burak Kesmeci notes, “The visible range volume profile highlights strong historical interest between $2,100 and $2,300, making this zone critical for Ethereum’s next move.”

RECORD amount of $ETH shorts

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