Ethereum has printed its first two-week 'death cross' since 2022, historically linked to a ~40% price drop. Currently, ETH trades below two critical trendlines, increasing the risk of further declines. The recent death cross occurred when ETH's 20-period exponential moving average (EMA) dropped below its 50-period EMA, reminiscent of the 2022 setup that led to price depreciation. As of June 2025, ETH struggles to break these moving averages, making $1,835 a significant support level to watch. Despite these bearish signals, positive network activity is noteworthy, with over 1.45 million transactions on June 24, the highest daily total since January 2024, indicating a rise in retail and institutional interest. This could lay the groundwork for a potential recovery if ETH can reclaim the moving averages as support. The piece concludes by emphasizing the risks and does not provide investment advice, urging readers to conduct their research.

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