• bitcoinBitcoin (BTC) $ 118,519.00
  • ethereumEthereum (ETH) $ 3,456.11
  • xrpXRP (XRP) $ 3.25
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 718.19
  • solanaSolana (SOL) $ 174.32
  • usd-coinUSDC (USDC) $ 0.999902
  • dogecoinDogecoin (DOGE) $ 0.213450
  • staked-etherLido Staked Ether (STETH) $ 3,455.52
  • tronTRON (TRX) $ 0.311339
  • cardanoCardano (ADA) $ 0.795535
  • hyperliquidHyperliquid (HYPE) $ 46.08
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 118,255.00
  • stellarStellar (XLM) $ 0.473600
  • wrapped-stethWrapped stETH (WSTETH) $ 4,160.98
  • suiSui (SUI) $ 4.02
  • chainlinkChainlink (LINK) $ 17.16
  • hedera-hashgraphHedera (HBAR) $ 0.248815
  • bitcoin-cashBitcoin Cash (BCH) $ 497.46
  • avalanche-2Avalanche (AVAX) $ 22.89
  • wrapped-eethWrapped eETH (WEETH) $ 3,707.39
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • wethWETH (WETH) $ 3,461.73
  • leo-tokenLEO Token (LEO) $ 8.79
  • the-open-networkToncoin (TON) $ 3.19
  • litecoinLitecoin (LTC) $ 99.20
  • usdsUSDS (USDS) $ 0.999826
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.996596
  • whitebitWhiteBIT Coin (WBT) $ 45.31
  • polkadotPolkadot (DOT) $ 4.24
  • moneroMonero (XMR) $ 339.43
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 118,611.00
  • pepePepe (PEPE) $ 0.000014
  • uniswapUniswap (UNI) $ 9.06
  • bitget-tokenBitget Token (BGB) $ 4.74
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • aaveAave (AAVE) $ 323.94
  • bittensorBittensor (TAO) $ 428.11
  • daiDai (DAI) $ 0.999992
  • crypto-com-chainCronos (CRO) $ 0.110520
  • nearNEAR Protocol (NEAR) $ 2.78
  • aptosAptos (APT) $ 5.23
  • pi-networkPi Network (PI) $ 0.441344
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.973392
  • ethereum-classicEthereum Classic (ETC) $ 20.01
  • internet-computerInternet Computer (ICP) $ 5.67
  • jito-staked-solJito Staked SOL (JITOSOL) $ 212.48
  • bonkBonk (BONK) $ 0.000038
  • okbOKB (OKB) $ 47.28
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • algorandAlgorand (ALGO) $ 0.296857
  • mantleMantle (MNT) $ 0.751990
  • kaspaKaspa (KAS) $ 0.093889
  • ethenaEthena (ENA) $ 0.380724
  • arbitrumArbitrum (ARB) $ 0.449578
  • vechainVeChain (VET) $ 0.025909
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • cosmosCosmos Hub (ATOM) $ 4.81
  • render-tokenRender (RENDER) $ 4.08
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.234716
  • sei-networkSei (SEI) $ 0.360523
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,442.39
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.774645
  • official-trumpOfficial Trump (TRUMP) $ 9.96
  • fasttokenFasttoken (FTN) $ 4.52
  • worldcoin-wldWorldcoin (WLD) $ 1.12
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030740
  • susdssUSDS (SUSDS) $ 1.06
  • gatechain-tokenGate (GT) $ 16.12
  • pump-funPump.fun (PUMP) $ 0.005413
  • filecoinFilecoin (FIL) $ 2.70
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 118,337.00
  • spx6900SPX6900 (SPX) $ 1.84
  • binance-staked-solBinance Staked SOL (BNSOL) $ 186.08
  • skySky (SKY) $ 0.079562
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,627.67
  • jupiter-exchange-solanaJupiter (JUP) $ 0.547700
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,926.75
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.91
  • kucoin-sharesKuCoin (KCS) $ 11.84
  • usdtbUSDtb (USDTB) $ 1.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • fartcoinFartcoin (FARTCOIN) $ 1.48
  • celestiaCelestia (TIA) $ 1.98
  • usdt0USDT0 (USDT0) $ 1.00
  • curve-dao-tokenCurve DAO (CRV) $ 0.989099
  • injective-protocolInjective (INJ) $ 13.68
  • blockstackStacks (STX) $ 0.838054
  • nexoNEXO (NEXO) $ 1.32
  • xdce-crowd-saleXDC Network (XDC) $ 0.080861
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,623.38
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,691.55
  • flare-networksFlare (FLR) $ 0.018292
  • flokiFLOKI (FLOKI) $ 0.000133
  • story-2Story (IP) $ 4.35
  • optimismOptimism (OP) $ 0.715440
  • sonic-3Sonic (S) $ 0.386584
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.88
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,737.35
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,643.59
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 118,205.00
  • dogwifcoindogwifhat (WIF) $ 1.09
  • immutable-xImmutable (IMX) $ 0.556828
  • the-graphThe Graph (GRT) $ 0.106200
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.997178
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 118,500.00
  • wbnbWrapped BNB (WBNB) $ 716.14
  • clbtcclBTC (CLBTC) $ 121,791.00
  • pax-goldPAX Gold (PAXG) $ 3,338.64
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 197.20
  • kaiaKaia (KAIA) $ 0.158940
  • iotaIOTA (IOTA) $ 0.235630
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • ethereum-name-serviceEthereum Name Service (ENS) $ 27.02
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.57
  • vaultaVaulta (A) $ 0.557602
  • msolMarinade Staked SOL (MSOL) $ 229.60
  • theta-tokenTheta Network (THETA) $ 0.861668
  • lido-daoLido DAO (LDO) $ 0.949166
  • paypal-usdPayPal USD (PYUSD) $ 0.999555
  • galaGALA (GALA) $ 0.018561
  • jasmycoinJasmyCoin (JASMY) $ 0.017153
  • tether-goldTether Gold (XAUT) $ 3,330.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.921451
  • raydiumRaydium (RAY) $ 2.94
  • the-sandboxThe Sandbox (SAND) $ 0.319955
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,700.63
  • super-oethSuper OETH (SUPEROETH) $ 3,460.26
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • pyth-networkPyth Network (PYTH) $ 0.127760
  • zcashZcash (ZEC) $ 44.80
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,578.75
  • saros-financeSaros (SAROS) $ 0.272613
  • ousgOUSG (OUSG) $ 111.82
  • pendlePendle (PENDLE) $ 4.24
  • tezosTezos (XTZ) $ 0.657102
  • jito-governance-tokenJito (JTO) $ 1.95
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • morphoMorpho (MORPHO) $ 2.11
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998661
  • tbtctBTC (TBTC) $ 118,319.00
  • mog-coinMog Coin (MOG) $ 0.000002
  • falcon-financeFalcon USD (USDF) $ 0.999944
  • flowFlow (FLOW) $ 0.406565
  • heliumHelium (HNT) $ 3.50
  • chain-2Onyxcoin (XCN) $ 0.018823
  • walrus-2Walrus (WAL) $ 0.459556
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,461.28
  • based-brettBrett (BRETT) $ 0.062729
  • decentralandDecentraland (MANA) $ 0.321869
  • newton-projectAB (AB) $ 0.008824
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 118,061.00
  • usual-usdUsual USD (USD0) $ 0.997745
  • telcoinTelcoin (TEL) $ 0.006322
  • bitcoin-svBitcoin SV (BSV) $ 28.77
  • thorchainTHORChain (RUNE) $ 1.64
  • ether-fiEther.fi (ETHFI) $ 1.33
  • coredaoorgCore (CORE) $ 0.556042
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 118,387.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,462.68
  • wrapped-hypeWrapped HYPE (WHYPE) $ 46.15
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.213990
  • usddUSDD (USDD) $ 1.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009284
  • stader-ethxStader ETHx (ETHX) $ 3,682.46
  • apecoinApeCoin (APE) $ 0.672108
  • memecoreMemeCore (M) $ 0.320803
  • tokenize-xchangeTokenize Xchange (TKX) $ 6.58
  • starknetStarknet (STRK) $ 0.144655
  • ripple-usdRipple USD (RLUSD) $ 0.999829
  • conflux-tokenConflux (CFX) $ 0.100938
  • beldexBeldex (BDX) $ 0.071714
  • savings-daiSavings Dai (SDAI) $ 1.16
  • syrupMaple Finance (SYRUP) $ 0.469534
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,817.47
  • build-onBUILDon (B) $ 0.497661
  • dydx-chaindYdX (DYDX) $ 0.660466
  • true-usdTrueUSD (TUSD) $ 0.998416
  • aioz-networkAIOZ Network (AIOZ) $ 0.414761
  • arweaveArweave (AR) $ 7.47
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.54
  • deepDeepBook (DEEP) $ 0.194495
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,440.18
  • staked-hypeStaked HYPE (STHYPE) $ 45.90
  • compound-governance-tokenCompound (COMP) $ 50.28
  • neoNEO (NEO) $ 6.70
  • kavaKava (KAVA) $ 0.435470
  • elrond-erd-2MultiversX (EGLD) $ 16.52
  • 1inch1inch (1INCH) $ 0.329830
  • venomVenom (VENOM) $ 0.220293
  • swethSwell Ethereum (SWETH) $ 3,788.84
  • dexeDeXe (DEXE) $ 8.13
  • apenftAPENFT (NFT) $ 0.00000045
  • zksyncZKsync (ZK) $ 0.061767
  • ecasheCash (XEC) $ 0.000022
  • axie-infinityAxie Infinity (AXS) $ 2.63
  • kaitoKAITO (KAITO) $ 1.76

Ethereum price declines with June’s poor track record looming

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Ethereum price declines with June’s poor track record looming

Ethereum price pulled back in the past three days as traders adjust their positions for June, its historically worst month.

Ethereum (ETH) has declined for three consecutive days, hitting a low of $2,500. That’s a 9.8% drop from its monthly high. Despite the pullback, it has outperformed most altcoins, many of which have fallen more than 15% from their highs this month.

ETH retreated ahead of June, which is usually its worst month, because of the start of summer. CoinGlass data shows that the average monthly performance in June since 2016 is minus 7.4%. Its median monthly return in June is minus 8.68%.

Ethereum price declines with June’s poor track record looming

ETH monthly returns | Source: CoinGlass

June is also Bitcoin’s (BTC) second-worst-performing month after September, with an average return of minus 0.35%.

Seasonality does not always work out. For example, ETH dropped by 18% in March, bucking a four-year trend of gains. It also dropped by 31% in February, after recording positive gains in the last six consecutive years.

You might also like: Ripple effect: XRP plunge puts whale on brink of $8m liquidation

Ethereum has some strong fundamentals as June kicks off. First, there are signs that the coin is cheap, as the closely-watched MVRV ratio has moved to minus 0.074. The MVRV ratio compares the market value and the realized value, with a reading of less than 1 signaling that an asset is undervalued.

There are also signs that Ethereum whales are buying the dip. They hold 103.5 million ETH coins, up from this week’s low of 103.45 million. Whale purchases is a highly bullish sign.

Ethereum price declines with June’s poor track record looming

Ethereum whales and MVRV score | Source: Santiment

Wall Street investors have also continued to buy ETH this month. Spot Ethereum ETFs have had inflows in the last 10 straight days, bringing the cumulative inflows to over $3 billion.

Ethereum price technical analysis

The daily chart below shows that Ethereum’s price bottomed at $1,385 on April 9 and then bounced back to the current $2,530. It has moved above the 50-day moving average and is slowly forming a bullish flag pattern.

This pattern comprises of a vertical line and a consolidation.

Ethereum price declines with June’s poor track record looming

ETH price chart | Source: crypto.news

Ethereum is also forming a cup-and-handle pattern, a popular continuation sign. The cup has a depth of about 50%, giving it a price target of $4,185.

Read more: Shiba Inu price crashes as whales sell, burn rate slows

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