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Ethereum was one of the most affected major assets in the recent cryptocurrency market sell-off. The price of ETH has fallen more than 6% in the last 24 hours, extending weekly losses to around 9%, with general pressure and liquidations weighing on prices.
In this debilitating shadow, a new institutional address has brought attention to the fundamentals of Ethereum. JPMorgan has announced the launch of its first tokenized money market fund in Ethereum, with $100 million in funding. The main question now is whether this development can help the price of ETH stabilize and recover, or whether the technical pressure will force a deeper collapse.
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JPMorgan’s tokenized fund adds long-term support, but the chart bears the test
JP Morgan’s move boosts Ethereum The role As an institutional infrastructure for the settlement. The bank is launching a tokenized money market fund, called MONY, on Ethereum through its digital asset platform, with an initial allocation of $100 million before opening to outside investors.
From a long-term perspective, this reinforces… The credibility of Ethereum In traditional finance. But in the short term, price action remains under pressure. On the daily chart, Ethereum is approaching a bearish EMA crossover, with the 100-day EMA close to slipping below the 200-day EMA.
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The PMA is a trend indicator that reacts more quickly to price changes. When the fast space drops below the slowest, it often indicates weak momentum.
This situation means that even positive headlines may struggle to ignite a sustained rebound unless Ethereum clears key resistance levels. Furthermore, the overlay of the pure average with the difficulty of the ETH price in holding the $2,910 support highlights the technical weakness.
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Chain signals support a refund case if the support holds
While the chart looks fragile, the series data presents a scenario of conditional rebounds. ratio decreased Ethereum Addresses Profits have fallen sharply since December 10, accompanied by an 11% drop in prices. This gauge is now at its lowest reading since early December.
In the previous cases, similar local lows correspond to short-term rebounds. On December 1, a decrease in this measure was preceded by a move from about $2,800 to $3,190 in one day, an increase of about 14%. Another local decline on December 5 was followed by an increase in the price of ETH by almost 10%.
This does not guarantee a refund, but it indicates that the selling pressure has reached the areas where the buyers entered earlier, as long as the price support of $2,910 in terms of the previously shared technical chart.
Ethereum (ETH) price levels that decide whether it will bounce or crash
Ethereum is now testing critical support near $2,910. A daily close below this level will invalidate the rebound setup and reveal a drop towards $2,710, followed by $2,620 if market pressure intensifies.
In order for the issue of compensation to remain, ETH must be redeemed $3,240. A daily close above this level would ease the downward pressure and open the door towards $3,440. Until that happens, any growth should be considered a correction and not a confirmation of trends.
Ethereum is currently caught between long-term institutional optimism and near-term technical weakness. Whether JPMorgan’s stock causes a rebound or a collapse depends on how the price behaves at these critical levels in the coming days.
