PANews June 25 news, according to 10x Research analysis, Ethereum is currently at the $1,600 support level. If this level fails, the next target is $1,200 — the retracement level since the FTX crash. Ethereum’s current price is below the 7-day and 30-day moving averages, with a weekly decline of 7.4%. The Ethereum Foundation’s recent 20% staff cut triggered a significant price drop, while warnings of a funding crisis after the expiration of a key developer incentive program further dampened market sentiment. Sustained net outflows from spot Ethereum ETFs and weak institutional demand severely cap upside potential, while on-chain data shows asset accumulation hitting multi-year lows and rising transaction failure rates are cooling network demand. This week’s market news flow is light, and price drivers remain dominated by macro headwinds: the Fed’s hawkish stance, a stronger U.S. dollar, and stock market volatility.