{"id":100995,"date":"2026-06-10T23:03:10","date_gmt":"2026-06-10T23:03:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=100995"},"modified":"2026-06-10T23:03:10","modified_gmt":"2026-06-10T23:03:10","slug":"the-ethereum-indicator-that-never-missed-a-bottom-is-signaling-again-this-time-at-700","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=100995","title":{"rendered":"The Ethereum Indicator That Never Missed A Bottom Is Signaling Again, This Time At $700"},"content":{"rendered":"
\n

Ethereum (ETH) is attempting to consolidate at price levels not seen since April of last year, following a 31% decline over the monthly time frame. Trading around $1,606, ETH sits nearly 70% below its all-time high of $4,945 \u2014 and according to one indicator, the drawdown may not be over.<\/p>\n

Another 56% Drop Ahead?\u00a0<\/h2>\n

Market analyst Ali Martinez flagged the Delta Price indicator on X, noting that it has successfully identified the last two market bottoms for Ethereum. Today, that metric sits at $708.\u00a0<\/p>\n

Should ETH reach that level before the bear market runs its course, it would represent an additional 56% decline from current prices and an roughly 85% drop from all-time highs.<\/p>\n

Martinez described <\/a>Delta Price as a metric designed to reflect the relationship between investor cost basis and miner production cost, one that has historically pointed to deep accumulation zones.\u00a0<\/p>\n

Based on that track record, he suggested Ethereum could revisit the $700 range before any sustained recovery takes hold.<\/p>\n

Two Levels Ethereum Must Reclaim\u00a0<\/h2>\n

In the near term, the analyst had previously <\/a>identified $1,850 on the weekly chart as a critical level, warning that losing it would likely accelerate selling \u2014 a call that has since played out. He had also flagged $1,560 as a downside target, which was reached and broken over the weekend as ETH slid to $1,500.<\/p>\n

Further down, Martinez had previously flagged $1,070 as the next significant level. He described it as the lower boundary of a multi-year range, which would be the next target if the current downtrend intensified further.\u00a0<\/p>\n

On the recovery side, he outlined two conditions needed to shift the market back to bullish: a reclaim of the 200-week simple moving average (SMA) near $2,500, followed by a decisive break above the 50-week simple moving average near $3,100.\u00a0<\/p>\n

For now, neither condition is close to being met, as selling pressure continues to weigh on Ethereum and the broader crypto market.<\/p>\n

\"Ethereum\"<\/p>\n

Featured image created with OpenArt; chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) is attempting to consolidate at price levels not seen since April of last year, following a 31% decline over the monthly time frame. Trading around $1,606, ETH sits nearly 70% below its all-time high of $4,945 \u2014 and according to one indicator, the drawdown may not be over. Another 56% Drop Ahead?\u00a0 Market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-100995","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/100995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100995"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/100995\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}