Ethereum Crashes 20% in June 2025 Mirroring 2021 Bearish Trend

Ethereum has experienced a significant price decline over the past week, with the weekend's movements pulling the price back to levels not seen in over a month. This decline aligns with the bearish trend observed throughout June, indicating increasing sell pressure on the cryptocurrency. However, this price action mirrors a pattern seen in 2021, just before the market began to rally and the altcoin season commenced.

Comparing the current Ethereum price movements to those from Q2 2021 reveals striking similarities, particularly in how the price has performed in June. In 2021, Ethereum started June trading above $2,600 but suffered multiple declines, crashing below $2,000 by the end of the month. The price eventually bottomed out around $1,600. Fast forward to June 2025, and a similar trend is emerging. Ethereum began the month above $2,600 but has since crashed by more than 20%, suggesting further declines are possible.

Historical performance indicates that Ethereum's price decline may not be over. If June 2025 follows the pattern of June 2021, Ethereum could suffer another 20% crash, finding its bottom between $1,600 and $1,700. Given Ethereum's status as the largest altcoin, its price movements often trigger the altcoin season. In 2021, the altcoin season began when Ethereum started to rally, although the recovery did not commence until July and lasted into November.

Investors are already looking forward to July 2025, with rumors of a rate cut expected to trigger a market rally for risk assets like Bitcoin and Ethereum. Additionally, a potential resolution to the Iran-Israel war could further boost the market. If this trend continues, Ethereum's price could begin to rally in July, similar to 2021, when it rose over 200% in five months, reaching a new all-time high in November.