Ethereum Price Prediction: ETH Crashed 68% and the Last Time This Happened Bulls Made 5x

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Ethereum (ETH) has plunged 68% from its August 2025 peak of $4,953 to trade around $1,678 on June 9 after a low of $1,593, slicing below the weekly 200‑day moving average and the Bull Market Support Band at $2,136–$2,294 with Parabolic SAR overhead at $1,806. Spot ETF inflows returned with $82.37M on June 8 and MVRV falling below 0.8 flags a historically rare accumulation zone that coincided with a bullish reversal candle, indicating institutional demand but leaving technicals and a large drawdown as near‑term downside risks for crypto and DeFi exposure.
- ETH trades at $1,678 after a 68% drop from its $4,953 August 2025 peak
- Spot ETF inflows returned with $82.37M on June 8, first green day after six sessions of outflows
- MVRV below 0.8 flags a historically rare accumulation zone tied to previous cycle bottoms
Ethereum trades at $1,678 on June 9, recovering from a low of $1,593 after slicing through the weekly 200 MA and the Bull Market Support Band without a single meaningful bounce attempt. Spot ETF inflows came back with $82.37M on June 8, landing on the exact same day the chart printed a bullish reversal candle.
What the ETH Daily Chart Shows After a 68% Crash

ETH has dropped 68% from its $4,953 August 2025 peak and broken cleanly below the Bull Market Support Band sitting between $2,136 and $2,294. The Parabolic SAR at $1,806 now sits overhead as resistance, conf…
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