Join Our Telegram channel to stay up to date on breaking news coverage
The Ethereum price climbed 2.4% in the last 24 hours to trade at $2,556 as of 11:20 p.m. EST on a 28% plunge in its daily trading volume to $26 billion.
The ETH price rise comes after the Ethereum Foundation announced a $500,000 donation to support Roman Storm’s legal defense. The Foundation also pledged to match community contributions up to $750,000.
The EF is donating $500K to the legal defense of Roman Storm, and we will match up to a further $750K in donations from the community.
Privacy is normal, and writing code is not a crime.
— Ethereum Foundation (@ethereumfndn) June 13, 2025
Roman Storm, the co-founder of the cryptocurrency mixer platform Tornado Cash, faces trial on July 14 after being charged with conspiracy to engage in unlicensed money transmission via the decentralized platform.
”Privacy is normal, and writing code is not a crime,” said the foundation in an announcement. The EF will also donate $1.25 million to the defense of Storm’s counterpart, Alexey Pertsev, citing the same reasons
Ethereum Price Slides Toward 50-Day SMA After Failed Breakout
The ETH/USD 1-day chart shows the asset trading at $2,556, a slight dip of 0.1% in the last 1 hour from an intra-day high of $2,579.
The 50-day Simple Moving Average (SMA) sits at $2,381, while the 200-day SMA at $2,642 hints at a potential longer-term bearish trend. There was a recent breakout from the consolidation zone highlighted in the chart. However, it resulted in a fake out, after news of tensions in the Middle East rattled the markets.
The ETH price is now headed down toward the 50-day SMA, potentially eyeing a bounce from this region.
ETHUSDT Analysis Source: Tradingview
Zooming into the Relative Strength Index (RSI) at 50.93, we’re hovering near neutral territory, but facing down, suggesting that ETH price may face some more downside as buying pressure reduces.
There is also a bearish crossover on the Moving Average Convergence (MACD), signaling that selling momentum on ETH may be increasing.
Ethereum Price Pullback In Progress – Will $2,365 Support Hold For A Bounce?
The chart shows a recent upward thrust, marked by the small green arrows indicating higher lows. Price is coming down to test another support level on the ascending trend line support, which coincides with the $2,365 level, a 7% drop from the current price.
However, if this level holds, ETH price could potentially bounce from there, pushing toward resistance at $3,353, a 41% gain.
However, the 200-day SMA dynamic resistance looms large around $2,642, and a rejection could send Ethereum back to $2,300 or even $2,200 if bears crash the party. Investors should keep an eye on the MACD because if it flips fully bearish, it’s time to dodge the dip.
Long-term, ETH remains bullish, eyeing $3,500 by mid-Q3 2025. But in the short term, Ethereum’s got momentum and a narrative boost and could touch $2,800 soon.
BTC Bull Token (BTCBULL) Presale Eases Past $7.1M – Just 16 Days Left
As Ethereum traders brace for an extended loss, traders are shifting to a Bitcoin-gifting project called BTC Bull Token (BTCBULL) that has surged past $7.1 million in presale.
This meme coin is designed for investors eager to ride Bitcoin’s bullish wave. Holders receive Bitcoin airdrops when BTC hits key price levels, starting at $150,000, with additional giveaways for every $50,000 price increase after that.
These rewards are weighted by presale purchase amounts, incentivizing early adoption.
POV: You chose the winning side. 🐂 pic.twitter.com/bw6syfXgPP
— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 13, 2025
At $250,000, a massive airdrop will distribute 10% of the 21 billion BTCBULL token supply to holders, amplifying the payoff for long-term believers.
Crypto YouTuber Jacob Crypto Bury, who has over 56k subscribers, predicts the token could soar 10x after launch.
To boost scarcity, BTCBULL’s deflationary model triggers token burns after every $50,000 milestone, beginning at $125,000, reducing supply and potentially driving value higher.
Staking adds another incentive, offering a 57% APY for passive income. Over 1.84 billion tokens are already locked up.
Tokens are priced at $0.00256 each and can be bought with ETH, USDT, or bank card.
Buy before the presale ends in just 16 days.
Visit the BTC Bull Token presale.
Related Articles:
- Cardano Price Prediction for Today, June 12
- Top Cryptocurrencies to Invest in Now, June 12
- BTC Plunges 4%, Investors Flock To This Bitcoin-Gifting ICO
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
