Ethereum Price Prediction: ETH Whales Are Underwater for the First Time Since 2019
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On June 26 Tether's market cap briefly surpassed Ethereum's at $186.06B versus $185.66B while ETH traded at $1,557.99 (-0.46%), leaving ETH whale cohorts underwater for the first time since 2019. A core Ethereum developer warned of a funding gap within three to nine months and on-chain/technical analysis shows a bearish breakdown after rejection near $2,000 with key Fibonacci resistances at $1,710, $1,774 and $1,837, raising DeFi and protocol funding risks that could pressure token performance and adoption.
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- Tether’s market cap just passed Ethereum’s, $186.06B versus $185.66B
- ETH whale cohorts are underwater for the first time since 2019
- A core developer warns Ethereum faces a funding gap within 3 to 9 months
Ethereum trades at $1,557.99 on June 26, down 0.46% as Tether’s stablecoin overtakes it in market cap for the first time. ETH whale wallets are now sitting on unrealized losses, a setup last seen at the 2019 bottom.
Is Ethereum’s Breakdown Confirming A New Bearish Structure?
The daily chart shows ETH in a sharp downtrend after rejecting a fair value gap near $2,000 in early June. Price broke a rising trendline that had held since February, triggering a break of structure and a fast move down through $1,900, $1,800 and now $1,557. Fibonacci levels from that move sit overhead at $1,710 (0.382), $1,774 (0.5), $1,837 (0.618…
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