Ethereum has been one of the major assets hardest hit by the recent cryptocurrency market decline. ETH price has fallen more than 6% in the past 24 hours, extending the weekly decline to around 9% as macro pressures and liquidations weigh on the price.
Against this weak backdrop, new institutional headlines have returned attention to Ethereum’s fundamentals. JPMorgan announced it has launched its first tokenized money market fund on Ethereum, seeded with $100 million. The key question now is whether this development will help ETH price stabilize and recover, or whether technical pressures will force it into a deeper collapse.
JPMorgan Tokenization Fund Adds Long-Term Support, But Charts Face Tests
JPMorgan’s move will strengthen Ethereum’s role as an institutional payments infrastructure. The bank is launching a tokenized money market fund called MONY on Ethereum through its digital asset platform, with an initial $100 million allocated before opening it up to external investors.
@jpmorgan, the world’s largest bank by market capitalization according to @WSJ, today announced the launch of MONY, the first ever tokenized money market fund on Ethereum.
The company is seeding the fund with $100 million of its own capital before opening it to outside investors on Tuesday. https://t.co/xK0Qp3gFP5
— Ethereum (@ethereum) December 15, 2025
From a long-term perspective, this strengthens Ethereum’s credibility over traditional finance. However, in the short term, price trends remain under pressure. On the daily chart, Ethereum is nearing a bearish EMA crossover, with the 100-day exponential moving average hovering below the 200-day EMA.
ETH Price Faces Risk: TradingView
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EMA is a trend indicator that reacts quickly to price changes. When a fast EMA falls below a slow EMA, it often indicates that momentum is weakening.
This setup means that even positive headlines could struggle to spark a sustained pullback unless Ethereum clears a major resistance level. Additionally, the EMA crossover forming as ETH price struggles to hold the $2,910 support highlights technical weaknesses.
On-chain signals support rebound cases if support holds
Although the chart looks fragile, on-chain data points to a conditional rebound scenario. The share of Ethereum addresses in profits has fallen sharply since December 10, with an 11% price decline. This indicator is currently at its lowest level since early December.
In previous instances, similar localized lows have coincided with short-term rebounds. On December 1st, the index fell from about $2,800 to $3,190 in one day, an increase of about 14%. Another local low occurred on December 5th, after which ETH price rose nearly 10%.
Seller may be losing hold: Glassnode
This does not guarantee a pullback, but if the $2,910 price support on the previously shared technical chart remains intact, it would indicate that selling pressure is reaching the zone where buyers intervened earlier.
Ethereum (ETH) price levels that determine rebound or breakdown
Ethereum is currently testing important support near $2,910. A close of the day below this level would invalidate the rebound setup and expose downside potential towards $2,710, followed by $2,620 if market stress intensifies.
For the rebound event to survive, ETH needs to regain $3,240. A close of the day above that level would ease downside pressure and open the door to $3,440. Until that happens, any rally should be seen as a correction rather than trend confirmation.
Ethereum Price Analysis: TradingView
Ethereum is currently caught between long-term institutional optimism and short-term technical weakness. Whether JPMorgan’s headlines lead to a rebound or give way to a collapse will depend on how prices move at these key levels in the coming days.
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