{"id":11359,"date":"2022-06-05T17:49:12","date_gmt":"2022-06-05T17:49:12","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/3-reasons-ethereum-price-risks-25-downside-in-june\/"},"modified":"2022-06-05T17:49:14","modified_gmt":"2022-06-05T17:49:14","slug":"3-reasons-ethereum-price-risks-25-downside-in-june","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/3-reasons-ethereum-price-risks-25-downside-in-june\/","title":{"rendered":"3 reasons Ethereum price risks 25% downside in June"},"content":{"rendered":"
Ethereum\u2019s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC) and now remains pinned below $2,000\u00a0for several reasons. <\/p>\n
What\u2019s more, ETH price could face even bigger losses in June due to another slew of factors, which will be discussed below.\u00a0<\/p>\n
Investors have withdrawn $250 million out of Ethereum-based investment funds in 2022, according to CoinShares\u2019 weekly market report published May 31.<\/p>\n
The massive outflow appears in contrast to other coins. For instance, investors have poured $369 million into Bitcoin-based investment funds in 2022. <\/p>\n
Meanwhile, Solana\u00a0and Cardano, layer-one blockchain protocols competing with Ethereum, have attracted $104 million and $9 million, respectively.<\/p>\n