Bought ETH in Past 5 Years? You Are Now Net Negative
Analysis
Price Impact
HighThe article highlights significant bearish signals for ethereum, including a monthly chart nearing a lower low, an unprecedented downward-sloping 200-week sma, and a double top pattern. the persistent net outflows from eth spot etfs and a decline in institutional demand further add to the negative sentiment. additionally, a large whale opening a substantial short position indicates strong bearish conviction from a significant market participant.
Trustworthiness
HighPrice Direction
BearishMultiple bearish indicators are cited: the monthly chart forming a lower low, an unprecedented bearish sma, a double top, consistent etf outflows, and a major whale initiating a large short position. these factors collectively point towards a downward price movement.
Time Effect
LongWhile short-term price action might see further pressure due to whale shorting and etf outflows, the core bearish signals discussed (monthly chart, 200-week sma, double top) are long-term technical indicators. the impact of the dencun upgrade and scaling roadmap on revenue is also a longer-term consideration. however, the article also mentions a long-term optimistic view from tom lee, implying a potential eventual recovery.
Original Article:
Article Content:
Cover image via U.Today Gains erased More pressure Advertisement Ethereum, the second-largest cryptocurrency, has underperformed so terribly that virtually all recent long-term holders are now in the red. ETH prices have plunged to levels not seen since early 2021 (before the launch of spot ETFs in the US and major network upgrades). Gains erased Trader and analyst Jesse Olson shed light on the staggering on the staggering data. HOT Stories XRPL Crypto Credit Primitive Enters Key Voting Phase Why Shiba Inu (SHIB) Buying Volume Is at 0, Dogecoin (DOGE) Bottom Established, Bitcoin (BTC) Struggles With $60,000: Crypto Market Review Olson noted that the ETH monthly chart is about to print a lower low as the price firmly closes below key monthly support levels. The leading altcoin is an incredible "8 of the last 10 monthly candles have been red." Advertisement You Might Also Like Mon, 06/29/2026 - 05:36 This Is Bitcoin's Worst Halving Cycle Ever By Alex Dovbnya ETH has also recorded several unprecedented bearish signals on top of that. The altcoin has recorded a downward-sloping 200-week SMA for the first time ever. Moreover, there is a double top with a lower high. The price of the BTC rival has returned to the early 2021 levels despite the launch of exchange-traded funds, the Merge, and a huge bull cycle. Advertisement More pressure According to blockchain tracking account Onchain Lens, deep-pocketed traders are actively shorting the asset. "A gambler whale '0xa6e' has opened a new 22,000 $ETH short position with 25x leverage, valued at $35M," Onchain Lens reported today. Ethereum's grim price action is heavily tied to a series of compounding issues. The much-hyped spot ETFs have now turned into a persistent headwind. The ETFs have recently suffered severe and consistent net outflows. Institutional demand has cooled dramatically. Ethereum is also suffering from the consequences of its own scaling roadmap. After the Dencun upgrade, Ethereum's base layer (Layer-1) revenue plummeted. Moreover, the Ethereum Foundation is currently facing major financial issues as well as an ongoing exodus of developers. However, as reported by U.Today , Fundstart's Tom Lee, who is also the chairman of top ETH Bitmine Technologies, remains optimistic in the long-term, recently warning panic-sellers not to make any hasty decisions. #Ethereum Price Prediction