Ethereum is coming lower and has extended the recent weakness through the trend line support of the corrective channel, so we think that bears are still here. We could see some rebounds on the way down, but I think that any rebound could be temporary and possibly stop within our 1728 to 1792 resistance area, while the market trades below the recent high at 1838.
BTC mining has gone into the red ⛏. JPMorgan has recorded an unpleasant fact: Bitcoin mining has become unprofitable. The cost is around $78,000, and you know the market value. This gap has persisted for five months straight. $BTC The bottom line is that about 20% of miners are operating at a net loss. In the first quarter, public mining companies dumped more than 32,000 BTC to cover operating expenses, more than they spent in all of 2025. And in June, network difficulty dropped by 10%. In essence, the network is cleaning itself. Those who survive this period will sooner or later find themselves in the green. And those who are dabbling with expensive electricity are unlikely to recover from the negative balance