币界网报道：Ethereum's daily chart has formed its first "death cross" since September 2022, a technical pattern where the 50-day moving average crosses below the 200-day moving average, often signaling potential bearish momentum. This development comes as ETH trades around $2,300, down 20% from its March peak of $2,900. While historical data shows Ethereum has previously rebounded after death crosses - including a 70% surge following the 2022 occurrence - analysts caution that macroeconomic factors like potential delays in Ethereum ETF approvals and reduced expectations for Federal Reserve rate cuts could prolong downward pressure. The cryptocurrency's network activity also shows mixed signals, with declining transaction volumes but increased staking participation, as over 31 million ETH (26% of supply) is now locked in staking contracts. Some traders remain optimistic about Ethereum's long-term prospects due to upcoming network upgrades and its established position in decentralized finance.