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Ethereum price started a fresh increase and remained stable above $1,680. ETH is now correcting gains and might continue higher if it clears $1,750. Ethereum started a decent upward move above the $1,620 resistance. The price is trading above $1,680 and the 100-hourly Simple Moving Average. There is a bullish trend line forming with support at $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $1,650 zone. Ethereum Price Aims for More Upside Ethereum price managed to stay above the $1,600 support and started a fresh increase, like Bitcoin. ETH price gained pace for a move above $1,620 and $1,640. The price even climbed toward $1,740. A high was formed at $1,731, and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $1,603 swing low to the $1,731 high. Besides, there is a bullish trend line forming with support at $1,665 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,680 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,665, the price could attempt another increase. Immediate resistance is seen near the $1,720 level. The first key resistance is near the $1,740 level. The next major resistance is near the $1,780 level. A clear move above the $1,780 resistance might send the price toward the $1,850 resistance. An upside break above the $1,850 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term. Another Pullback In ETH? If Ethereum fails to clear the $1,740 resistance, it could start a downside correction. Initial support on the downside is near the $1,680 level. The first major support sits near the $1,665 zone and the trend line. The trend line is also near the 50% Fib retracement level of the upward move from the $1,603 swing low to the $1,731 high. A clear move below the $1,665 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 region. The main support could be $1,600. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,665 Major Resistance Level – $1,740

Despite persistent market uncertainty and bearish sentiment across parts of the cryptocurrency sector, Ethereum is approaching a significant adoption milestone, with the number of non-empty wallets nearing 200 million. While price fluctuations often dominate investor attention, the steady growth in wallet activity suggests that participation in the ETH ecosystem continues to expand. How Ethereum’s Expanding User Network Signals Resilience Ethereum is rapidly approaching a major adoption milestone, with the network now approaching 200 million non-empty wallets despite high Fear, Uncertainty, and Doubt (FUD). Santiment Intelligence on X pointed out that the ETH network continues to grow exponentially compared to other top market capitalizations, while facing some of the most negative sentiment in crypto. Related Reading: Ethereum Price Gets Crushed To $1,840 Amid Relentless Selling Pressure The network now boasts approximately 195 million non-empty wallets, significantly outpacing Bitcoin’s roughly 59 million. This represents a lead of more than 230%, a gap that has continued to grow across multiple market cycles. While social media narratives focus on ETH’s recent price underperformance, user adoption continues to move in the opposite direction. ETH now sits just 5 million wallets away from the 200 million milestone. Much of the growth is driven by ETH dominance in Decentralized Finance (DeFi), staking, and broader on-chain activity, where users are not just holding assets but actively participating in the network. Despite the recent crowd sentiment indicators falling into extreme fear territory, ETH’s rising wallet growth suggests that long-term adoption continues to accelerate beneath the surface. Why Ethereum’s Consolidation May Be A Sign Of Market Maturity Ethereum’s current market structure may be less a sign of weakness and more a reflection of a natural consolidation process. According to Materkel, ETH remains one of the fastest assets in history to reach a $500 million valuation, even if Anthropic might overtake it depending on when it goes public. Related Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst Rather than signalling weakness, this appears to be an extreme healthy consolidation that happens after an asset has experienced a meteoric rise. Materkel argues that a large portion of BitMine’s ETH is most likely coming from long-term holders who invested as early as the initial coin offering (ICO) or at sub-$100 levels. Over the past five years, with ETH trading between $1,000 and $5,000, many of these investors have had ample opportunity to realize substantial gains. Though some of these investors may have lost conviction, they are also sitting on outsized profits for more than 5 years. It’s only natural that they would sell a bit at some point. Historically, many of the world’s most successful assets have experienced lengthy consolidation phases after periods of explosive growth in the stock market. These consolidation periods often lasted 5, 10, or even 20 years, and are frequently accompanied by widespread skepticism before eventually giving way to powerful new expansion phases. Featured image from Getty Images, chart from Tradingview.com

The Ethereum price decline seems to have opened up the opportunity for fast accumulation among investors over the last week. This comes as data shows a significant amount of the cryptocurrency actually being moved out of the wallets of centralized exchanges. Historically, a move like this has pointed to investor buying rather than selling, suggesting that investors are taking advantage of the red month of June to actually fill up their bags. The Numbers Say Ethereum Investors Are Choosing To Buy Recent data from CryptoQuant, an on-chain data aggregator, shows that Ethereum investors are moving into accumulation mode for the month of June. This comes as the cryptocurrency started out the month with hundreds of thousands of ETH being moved out of centralized exchanges and presumably to private wallets. Related Reading: Dogecoin Will ‘Pump Hard’ After This Happens, Analyst Clocks Generational Entry The data shows that Ethereum had started out the month of June with 3.87 million ETH. However, just one week into the new month, there had been over 475,000 ETH withdrawn from centralized exchange wallets. This move was not only felt on one crypto exchange, but with notable declines coming in from major exchanges. The top losers included the likes of Binance, Bitfinex, OKX, and Gemini exchange, all recording major outflows during this time. This move also comes as the Ethereum price has declined below the $2,000 support, suggesting that investors are looking at these prices as low levels to get into the cryptocurrency. Buying ETH In A Red Month The month of June has historically been a red month for the Ethereum price, so the argument could be made that investors are using this opportunity to load up on the cryptocurrency. In its decade in the market, the ETH price has only closed June in the green a total of three times, data from the CryptoQuant website shows. Related Reading: Has The Bitcoin Price Crash Ended Or Is This Just The Beginning? Analyst Answers All of the other years have seen the digital asset end the month of June with varying degrees of losses. This brought the average return for the month for Ethereum to -7.59%, second only to September’s average of -10.2%. The median returns come out to -8.64% for June and -12.7% for September. This means that June is the second-worst-performing month for the Ethereum price. Keeping in line with historical performance, the ETH price is already down by over 16% at the time of this writing, suggesting that it could lead to another red close for the digital asset. Featured image from Dall.E, chart from TradingView.com

Ethereum price started a downside correction below $1,665. ETH must clear the $1,650 and $1,720 resistance levels to continue higher. Ethereum started a downside correction below the $1,650 zone. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,720 zone. Ethereum Price Holds Support Ethereum price failed to stay above the $1,680 zone and extended its decline, like Bitcoin. ETH price gained pace for a move below the $1,665 and $1,650 levels. The price even tested the 50% Fib retracement level of the upward move from the $1,505 swing low to the $1,720 swing high. However, the bulls were active near the $1,610 level. Besides, there is a declining channel forming with resistance at $1,640 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,650 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,610, the price could attempt another increase. Immediate resistance is seen near the $1,650 level. The first key resistance is near the $1,665 level. The next major resistance is near the $1,680 level. A clear move above the $1,680 resistance might send the price toward the $1,720 resistance. An upside break above the $1,720 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,780 resistance zone or even $1,800 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,650 resistance, it could start a fresh decline. Initial support on the downside is near the $1,610 level. The first major support sits near the $1,590 zone or the 61.8% Fib retracement level of the upward move from the $1,505 swing low to the $1,720 swing high. A clear move below the $1,590 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 region. The main support could be $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,610 Major Resistance Level – $1,665

Ethereum is struggling below $1,700 as the market faces a combination of apathy and uncertainty that has made sustained directional movement difficult to produce in either direction. The price is grinding — not breaking down aggressively but equally failing to generate the momentum needed to reclaim higher levels — and data from Arkham Intelligence has identified a cluster of large institutional withdrawals that adds a structural layer to the current setup worth examining carefully. Related Reading: XRP Leverage Flush Hits Bybit While Binance Holds The Line – Analyst Explains Rare Setup Three whale addresses — two of them freshly created wallets with no prior transaction history — have withdrawn a combined $122.29 million in Ethereum from FalconX and Kraken. The scale of the withdrawal is significant. The venue combination is notable. FalconX is a regulated institutional prime brokerage serving some of the most sophisticated participants in digital asset markets, while Kraken is one of the most established and most scrutinized exchanges in the ecosystem. Ethereum Whale Transfers | Source: Arkham The creation of fresh wallets for withdrawals of this scale is the behavioral detail that carries the most analytical weight. Institutional participants creating new addresses specifically for large withdrawals typically do so to maintain operational security, separate treasury positions from trading activity, or establish dedicated holding infrastructure for assets intended for long-term custody rather than near-term trading. $122 million in Ethereum leaving institutional venues and moving into freshly created wallets during a period of market apathy does not describe participants preparing to sell. It describes participants who have made a decision about Ethereum at current prices — and have created the infrastructure to hold that decision for an extended period. Down 9 Million and Still Withdrawing The Arkham data adds a layer that transforms the withdrawal from a routine institutional movement into a statement about conviction under pressure. One of the addresses involved in the current withdrawal cluster previously purchased Ethereum and is currently sitting on an unrealized loss of approximately $9.1 million on that position. The market has moved against the trade — and the response is not to reduce exposure or exit at a smaller loss. The response is to withdraw more ETH from exchanges into custody. Ethereum Whale position | Source: Arkham Arkham has raised the question of whether the address is connected to Tom Lee — and the behavioral profile is consistent with what Bitmine has been executing publicly. The company has been systematically building toward a 5% Ethereum supply target, currently holding approximately $9.32 billion worth of ETH at 4.59% of circulating supply, with approximately $819.86 million in additional purchases still required to reach that threshold. A participant sitting on a $9.1 million unrealized loss who responds by withdrawing more ETH from institutional venues rather than cutting the position is expressing the same long-term thesis that Bitmine’s entire treasury strategy represents. The loss is present and acknowledged. The direction of the next action is unchanged. For Ethereum below $1,700 under market apathy, that behavioral pattern — institutional-scale participants absorbing unrealized losses and continuing to accumulate rather than capitulating — is the structural signal that the price chart is not yet reflecting but that the on-chain data is documenting in real time. Related Reading: Bitcoin Flashes One Of Its Rarest Demand Signals In Six Years – Details Ethereum Breaks Below February Support As Bears Extend Control Ethereum remains under heavy selling pressure after decisively breaking below the February support zone near $1,800-$1,900, a level that had previously served as the foundation for multiple recovery attempts throughout 2026. The breakdown has fundamentally altered the market structure, with ETH now trading near $1,620 after briefly plunging toward the $1,500 region. More importantly, the recent rebound has been weak and unable to reclaim any meaningful resistance, highlighting the absence of aggressive buyers despite growing institutional accumulation narratives. Ethereum testing critical demand | Source: ETHUSDT chart on TradingView From a technical perspective, the chart shows a clear sequence of lower highs and lower lows since the May peak around $2,400. The failure at that resistance zone marked the completion of a distribution range that ultimately resolved to the downside. Once ETH lost the $1,850 support area, selling accelerated sharply, producing a high-volume breakdown that pushed price well below all major moving averages. Related Reading: XRP Just Printed A Rare Binance Signal As Market Volatility Accelerates The 50-day and 100-day moving averages continue trending lower above the current price, while the 200-day moving average near $2,450 remains far out of reach. This alignment confirms that momentum remains firmly bearish across all major timeframes. The key level to watch is the recent low near $1,500. Bulls have managed to defend that area so far, but unless ETH can reclaim the former support zone around $1,850, the current bounce looks more like a relief rally inside a broader downtrend than the start of a sustainable recovery. Featured image from ChatGPT, chart from TradingView.com

Ethereum price started a downside correction from $1,720. ETH must clear the $1,670 and $1,700 resistance levels to continue higher. Ethereum started a downside correction below the $1,620 zone. The price is trading below $1,665 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,680 zone. Ethereum Price Resumes Decline Ethereum price failed to stay above the $1,700 zone and extended its decline, like Bitcoin. ETH price gained pace for a move below the $1,680 and $1,665 levels. There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD. The bears pushed the price below the 38.2% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high. However, the bulls were active near the $1,610 level. Ethereum price is now trading below $1,680 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,610, the price could attempt another increase. Immediate resistance is seen near the $1,665 level. The first key resistance is near the $1,680 level. The next major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,840 resistance zone or even $1,850 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,710 resistance, it could start a fresh decline. Initial support on the downside is near the $1,610 level. The first major support sits near the $1,585 zone or the 61.8% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high. A clear move below the $1,585 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 region. The main support could be $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,550 Major Resistance Level – $1,710

Bitmine, the world’s largest Ethereum treasury, has ramped up its ETH buying during the latest crypto market correction, making the company’s largest purchase of 2026 to date. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic Bitmine Doubles Down On Ethereum On Monday, Bitmine Immersion Technologies announced it had bought over 126,971 ETH, worth roughly $214 million, during last week’s dip, marking the treasury’s largest purchase so far this year. Now, Bitmine’s crypto and cash holdings sit at $9.6 billion at current prices, comprised of 5,543,872 ETH at $1,630 per ETH, 204 Bitcoin (BTC), a $180 million stake in Beast Industries, an $88 million stake in Eightco Holdings as part of its “Moonshots” initiative, and total cash worth $247 million. In a statement, Bitmine’s Chairman, Tom Lee, explained that the firm saw the recent price dip, which sent Ethereum to a one-year low of $1,505 on Sunday, as a buying opportunity, arguing that Ethereum’s fundamentals are strengthening. “We increased our buying as we believe this pullback in ETH prices does not reflect the strengthening of Ethereum fundamentals. This is not surprising given we are in the early stages of crypto spring,” he said. Lee argued that the broader crypto market sell-off was a “superficial take,” driven more by short‑term panic than by real weakness. He also affirmed that the recent Zcash Orchard incident strengthens Ethereum’s use case. AI systems are going to find flaws in centralized financial services rails and weak decentralized protocols. We believe this actually strengthens the use case and product market fit for hardened and reliable decentralized blockchains like Ethereum. Therefore, the treasury firm believes that “ETH prices should not be coming under pressure,” he added. After the latest purchase, the firm’s ETH holdings have reached 4.59% of the altcoin’s total supply. Lee expects the company to reach its 5% supply goal “sometime in 2026.” ETH Eyes Key Technical Level Despite Bitmine’s continuous bet on Ethereum, the king of altcoins has struggled over the past week, retracing roughly 15% and losing the February lows for the first time in four months. Market observer Ash Crypto noted that ETH is repeating a setup that was seen once before during the last bear market. “Back in June 2022, ETH broke through every support level and crashed to $880. Everyone gave up on it. That turned out to be the exact bottom of the whole bear market,” he wrote. This time, Ethereum has retraced 68% from its 2025 peak and broken through every support level after losing the 200-week Moving Average (MA), which sits around $2,471. Now, the next key support to watch is at $1,500, which could determine whether ETH repeats its previous playbook. Related Reading: Bitcoin’s Worst Week Of 2026 Is Happening Right Now — QCP Explains Why The Bottom Isn’t In Yet If ETH holds $1,500, the market watcher believes that the setup could play out exactly like in 2022, which led to a 5x over the next 18 months. On the contrary, if Ethereum loses the $1,500 in the weekly timeframe, he suggested the price could fall all the way to the $1,000 area, where the next major support zone is located. As of this writing, ETH is trading at $1,687, a 4.8% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a recovery wave above the $1,620 zone. ETH is now consolidating and struggling to continue higher above the $1,700 resistance. Ethereum started a recovery wave above the $1,620 zone. The price is trading below $1,680 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $1,685 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $1,700 zone. Ethereum Price Fails To Extend Recovery Ethereum price started a recovery wave above the $1,520 zone, like Bitcoin. ETH price was able to surpass and settle above the $1,620 resistance. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,005 swing high to the $1,505 swing low. However, the bears remained active near the $1,700 resistance. As a result, there was a fresh bearish reaction. Besides, there was a break below a bullish trend line with support at $1,685 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,680 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,650, the price could attempt another increase. Immediate resistance is seen near the $1,680 level. The first key resistance is near the $1,700 level. The next major resistance is near the $1,750 level or the 50% Fib retracement level of the downward move from the $2,005 swing high to the $1,505 swing low. A clear move above the $1,750 resistance might send the price toward the $1,800 resistance. An upside break above the $1,800 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,840 resistance zone or even $1,880 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,700 resistance, it could start a fresh decline. Initial support on the downside is near the $1,650 level. The first major support sits near the $1,620 zone. A clear move below the $1,620 support might push the price toward the $1,580 support. Any more losses might send the price toward the $1,550 region. The main support could be $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,650 Major Resistance Level – $1,700

Ethereum has reclaimed the $1,650 level after the massive drop that defined last week’s market action — a recovery attempt that has provided some relief after a correction that tested the resolve of even the most conviction-driven holders. The bounce is welcome — but data from Arkham Intelligence has surfaced the trading history of a wallet that made the drop look like exactly what it was: an anticipated event rather than a surprise. Related Reading: Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient The wallet — identified as belonging to an Ethereum OG, a holder whose history with the asset extends back to the earliest phases of its existence — executed a series of exits before the crash that, in retrospect, represent one of the most precisely timed large-scale risk reductions visible in the on-chain data. Before the breakdown, the wallet sold 60,000 ETH worth approximately $117.25 million and 9,442 wstETH worth approximately $24 million — both at an average price of $2,040. In the same period, the wallet also sold 600 WBTC worth approximately $47.12 million at an average price of $78,538. The combined exit totaled approximately $188 million across three separate assets — all executed at prices that now look prescient given where both Ethereum and Bitcoin have traded since. The wallet did not reduce risk after the crash. It reduced risk before it — and the precision of that timing is the detail that makes the Arkham data worth examining in full. The Trade Executed Perfectly The Arkham data reveals the second half of the strategy that makes the full sequence remarkable. After exiting approximately $188 million across ETH, wstETH, and WBTC before the crash, the wallet waited — and then rebuilt the entire position at the prices the crash delivered. On the Bitcoin side, 611 WBTC was repurchased at an average price of $63,280 — compared to the $78,538 average at which the position was sold. The difference between those two prices represents approximately $9,300 per coin captured across 611 tokens — roughly $5.7 million in realized spread on the Bitcoin leg alone. Ethereum OG Whale timing the market | Source: Arkham On the Ethereum side, 60,088 ETH and 10,000 wstETH were repurchased at an average price of $1,606 — compared to the $2,040 average at which the combined position was liquidated. The $434 difference per ETH across approximately 70,000 tokens represents roughly $30 million in additional value captured through the round trip. The complete trade — sell the top, wait through the crash, buy the bottom — executed across three assets simultaneously and totaling nearly $160 million in repurchased exposure, describes a level of market timing and conviction that the on-chain data makes impossible to dismiss as coincidence. This was not luck. It was a plan — and the Arkham data shows every step of it. Related Reading: Solana Treasury Bet Turns Sour: Firm Sits On $1.13B Unrealized Loss Ethereum Price Tests New Cycle Lows As Breakdown Accelerates Ethereum remains under intense selling pressure after losing the critical $1,800 support zone and collapsing toward the $1,500–$1,600 range. The daily chart shows a clear bearish market structure, with ETH trading below the 50-day, 100-day, and 200-day moving averages, all of which continue to slope downward. This alignment confirms that momentum remains firmly in favor of sellers despite the recent rebound attempt. Ethereum loses key support level | Source: ETHUSDT chart on TradingView The most significant technical development is the decisive breakdown below the February support zone around $1,800–$1,900. That area acted as a major demand region for nearly four months, repeatedly absorbing selling pressure during March, April, and May. Its failure signals that buyers have lost control of one of the most important support levels of the current cycle. Related Reading: HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges While ETH has managed a modest bounce from the recent low near $1,520, the recovery remains weak relative to the magnitude of the selloff. For bulls, the first challenge is reclaiming $1,800, which now acts as overhead resistance after the breakdown. As long as Ethereum remains below that former support zone and below its major moving averages, rallies are likely to be viewed as relief bounces rather than trend reversals. The current price structure suggests the market is still searching for a durable bottom after recording its lowest levels since the February capitulation event. Featured image from ChatGPT, chart from TradingView.com

Ethereum’s crash below $1,500 over the weekend has pushed sentiment into one of its most fearful phases since the previous bear market, but crypto analyst Crypto Patel believes the current selloff should be viewed through a longer lens. The analyst’s roadmap places ETH inside a broad accumulation range, with the chart showing that the same movement as previous Ethereum tops and bottoms is still playing out, and Ethereum might be declining into an accumulation zone. Ethereum Enters Panic Zone As Price Revisits $1,500 Ethereum’s weekend drop has brought ETH close to $1,500, extending a painful correction that has already erased a large part of the gains since its August 2025 ATH. Recent market data from TradingView shows ETH briefly touched $1,505 on Saturday, June 6, during a crypto market-wide selloff, a move that has increased panic among traders, as evidenced by various posts on social media platforms. Related Reading: Institutions Are Loading Up On XRP, But Liquidity Tells A Different Story Crypto Patel’s reaction to the decline was that panic selling is not the answer. Technical analysis of the 2-week candlestick timeframe chart shows that Ethereum is now trading close to a zone where long-term investors should begin thinking in terms of staged accumulation, not emotional exits.  Patel placed his preferred ETH/USDT accumulation range between $1,550 and $1,000, noting that the bottom could be in this zone, but no one can accurately call the exact bottom. The chart attached to his outlook, which was posted on the social media platform X, shows Ethereum trading on top of a green accumulation zone above the $1,000 support area.  Ethereum 2-Week Price Chart. Source: @CryptoPatel On X This range is the strong support, and any downside from the current price levels will be limited to $1,000. However, a break below $1,000, if it happens, will only last a few days as a final liquidation move to force weaker holders out. Long-Term Roadmap To $16,000 Ethereum’s full price history, viewed through an Elliott Wave structure, shows the 2017 and 2021 peaks as major cycle tops within two separate cycles. The current price action is classified as a Wave 4 correction in a five-impulse wave count that started after the 2021 top. Wave 4 is a correction to a major accumulation point before a projected Wave 5 expansion phase into 2026 and 2027. Related Reading: Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend Patel’s roadmap places $3,945 as a major resistance level, which is close to the zone that capped several rallies after the 2021 peak. A breakout recovery above that price level would likely be the first confirmation that Ethereum has moved out of the accumulation structure and back into a larger bullish Wave 5 phase. The projected Wave 5 extension targets $16,000, timed to a cycle top between 2026 and 2027. Patel also stated that ETH above $10,000, and possibly even $20,000, are possible over the long term.  Featured image created with Dall.E, chart from Tradingview.com

Ethereum price started a recovery wave above the $1,600 zone. ETH is now consolidating and might rally if there is a clear move above the $1,750 resistance. Ethereum started a recovery wave above the $1,600 zone. The price is trading above $1,620 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $1,750 zone. Ethereum Price Aims for Upside Break Ethereum price remained bid above the $1,500 support zone, like Bitcoin. ETH price formed a base and started a recovery wave above the $1,600 resistance. There was a break above a key bearish trend line with resistance at $1,600 on the hourly chart of ETH/USD. The price surpassed the 23.6% Fib retracement level of the downward move from the $2,005 swing high to the $1,505 swing low. Ethereum price is now trading above $1,620 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,600, the price could attempt another increase. Immediate resistance is seen near the $1,700 level. The first key resistance is near the $1,750 level or the 50% Fib retracement level of the downward move from the $2,005 swing high to the $1,505 swing low. The next major resistance is near the $1,800 level. A clear move above the $1,800 resistance might send the price toward the $1,885 resistance. An upside break above the $1,885 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,920 resistance zone or even $2,000 in the near term. Another Drop In ETH? If Ethereum fails to clear the $1,750 resistance, it could start a fresh decline. Initial support on the downside is near the $1,650 level. The first major support sits near the $1,620 zone. A clear move below the $1,620 support might push the price toward the $1,600 support. Any more losses might send the price toward the $1,550 region. The main support could be $1,500. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,620 Major Resistance Level – $1,750

Ethereum is approaching a critical technical crossroads as bearish momentum continues to weigh on price action. With a major support zone now under intense pressure, traders are closely watching whether bulls can defend this level or if a breakdown will open the door to a deeper decline.  Bear Flag Breakdown Keeps Ethereum Under Pressure  Ethereum continues to slide, aligning with the broader bearish sentiment currently dominating the market. According to analysis from More Crypto Online, the asset’s recent breakdown from a previously identified bear flag and rejection of the yellow trendline strengthen the hypothesis that the significant B-wave rally peaked back in April. These technical failures serve as strong indicators that the prevailing trend remains firmly to the downside. Related Reading: Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom The leading scenario currently suggests that Ethereum is developing within a larger C-wave decline, with major support levels established at $1,550 and $1,400. While the price has already begun to react from the first support area, traders should remain cautious because bear market cycles frequently involve corrective rallies that can emerge unexpectedly from these support zones. In terms of risk management, any potential recovery attempt is anticipated to remain strictly corrective as long as the price continues to trade beneath the yellow trendline resistance. However, a stronger recovery would require the bulls to reclaim substantial resistance levels and fundamentally invalidate the current bearish framework. At this stage, such a reversal lacks the necessary confirmation and market strength. Ultimately, Ethereum remains locked in a definitive bearish trend following its exit from the bear flag formation. With support levels at $1,550 and $1,400 now squarely in focus, the structural setup continues to favor lower price action over an immediate reversal.  ETH Reaches A Critical Decision Zone  Crypto analyst MarketMaestro noted in an X post that Ethereum has successfully held both its long-term support trendline and a key Fibonacci support level on the monthly chart. According to the analyst, the current price zone has become a critical battleground between a routine correction and a much deeper structural decline. Related Reading: Ethereum’s Multi-Year Support Test Could Shape Its Next Big Move A monthly close below the current support area would significantly weaken Ethereum’s technical outlook and raise the risk of a broader breakdown. On the other hand, if support continues to hold, the recent pullback could still be viewed as a healthy correction within the asset’s longer-term bullish framework. Furthermore, if Ethereum manages to hold support, form a wick on the monthly candle, and rebound from current levels, it would suggest that buyers are aggressively accumulating during the dip and treating it as a high-value entry zone. Despite the possibility of a recovery, MarketMaestro cautioned that the stakes remain high. A decisive breakdown below support could force Ethereum into a prolonged bottoming process, potentially extending the period of weakness before a sustainable uptrend. Featured image from Getty Images, chart from Tradingview.com

Over the past week, the Ethereum price declined significantly, following Bitcoin’s downturn towards $59,000. As the second-largest cryptocurrency’s price dropped to $1,505, data from a recent on-chain analysis reveal an underlying shift in activity across exchanges. Related Reading: Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom Ethereum Exchange Inflows Surge To 2.24 Million In A Day In a Quicktake post on June 6, the on-chain analytics group Arab Chain cited data from the “Ethereum: Exchange Inflow (Total) – All Exchanges” metric, noting that inflows across all platforms recently reached 2.24 million in a single day. According to Arab Chain, this marks the highest point reached in the past four months. For context, the metric measures the total amount of ETH transferred to all tracked cryptocurrency exchanges over a given period, helping gauge potential selling pressure as coins move to trading platforms. When inflows are high, it suggests that a large amount of ETH may be being prepared for sale. As Arab Chain notes, when large volumes of Ethereum are moved to trading platforms, it is usually taken as a bearish signal or an incoming surge in trading activity (which could translate into heightened volatility). This is because growing inflows indicate that there is more available supply for distribution than in the past.   Related Reading: Dogecoin Has Entered A Historically Red Month And The Result Could Be Catastrophic Binance Leads Exchanges In Inflow Volume Notably, Arab Chain points out that Binance, the world’s leading crypto exchange by trading volume, had the lion’s share of Ethereum inflows. According to the analytics group, Binance saw over 1.16 million ETH in inflows on the same day, while a total of 2.24 million ETH were sent to all exchanges.  Interestingly, the surge in exchange inflows reportedly followed a period of relative stability in deposit activity. Thus, Arab Chain explains that this sudden surge — after periods of quiet — becomes more important than other previous events. According to the crypto group, this may signal that Ethereum’s investors are preparing to take profits or restructuring their portfolios.  However, Arab Chain notes that high inflows are not a surefire indicator of bear markets. Nonetheless, they remain highly relevant considering Ethereum’s price weakness. According to Arab Chain, sustained high inflows of Ethereum into exchanges (with an emphasis on Binance) could intensify selling pressure and trigger a further downturn for the second-largest cryptocurrency in the near term.  At the time of writing, the Ethereum price is at $1,577. According to CoinMarketCap data, the Ethereum price is down 5.35% over the past day. Featured image from Pexels, chart from Tradingview

Technical analysis of the 3-week chart outlook shows ETH pressing into the apex of a golden triangle formation that has survived the Covid crash, the 2022 bear market, and the ongoing 2026 correction. According to the analyst who first identified it, what happens next at the apex of that structure may define Ethereum’s trajectory for the next several years. Ethereum’s Nine-Year Structure Ethereum’s 3-week candlestick chart highlights a long ascending support line beginning near the early market cycle lows and stretching through the 2020 Covid crash, the 2022 bear market, and the latest correction since its August 2025 all-time high of $4,946.  Related Reading: The Last Time Ethereum Did This Against Bitcoin, It Exploded Above $4,000 The formation’s upper boundary is a horizontal trendline, around the $4,800 to $4,900 range. Ethereum has struggled around that horizontal resistance, including during the 2021 peak and again during its return to record peaks. The lower boundary, however, has been the more important part of the structure because it has defined the larger bull-market trend for almost a decade. Each major downturn has tested the trend, but the structure has not yet broken with a close below the support trendline with a 3-week candlestick. That is why the current position on the chart is more than another routine support test. According to a crypto analyst that goes by the name Crypto Tice on X, this is the moment of truth. The triangle has survived everything the market threw at it, but nothing it has faced compares to right now. Where Ethereum Goes From The Golden Triangle The Golden Triangle now leaves Ethereum with two scenarios. The first is the bullish path, which depends on ETH continuing to hold the long-term ascending support line. The important breakdown level is at $1,950, meaning Ethereum still has to close the current 3-week candlestick above this level to keep the nine-year structure alive.  Related Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst A successful hold above $1,950 would keep Ethereum inside the triangle and give bulls a chance to push the price back into the upper range of the structure. From there, the next important price level to watch is $4,350. That would turn the defensive setup into a breakout structure, with analyst Crypto Tice’s projected target at $10,000. The second scenario is the bearish one. A break and multiple candlestick closes below $1,950 would carry far more weight than a normal pullback because it would push Ethereum beneath the rising support that has guided the market through the Covid crash and the 2022 bear market. Such a move would cancel out the golden triangle thesis and imply that the nine-year bullish structure has finally failed. At the time of writing, Ethereum is trading at $1,575, down by 6% and 22% in the past 24 hours and seven days, respectively. However, there’s still time for Ethereum to return above $1,950 before the end of June. Featured image from iStock, chart from Tradingview.com

Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,820 zone. Ethereum Price Remains In Downtrend Ethereum price failed to remain stable above $1,840 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,800 and $1,780 levels. The price even traded below $1,750. A low was formed at $1,715, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1,888 swing high to the $1,715 low. There is also a bearish trend line forming with resistance at $1,750 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,750 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,700, the price could attempt another increase. Immediate resistance is seen near the $1,750 level. The first key resistance is near the $1,800 level and the 50% Fib retracement level of the downward move from the $1,888 swing high to the $1,715 low. The next major resistance is near the $1,820 level. A clear move above the $1,820 resistance might send the price toward the $1,880 resistance. An upside break above the $1,880 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,920 resistance zone or even $1,965 in the near term. Downside Continuation In ETH? If Ethereum fails to clear the $1,880 resistance, it could start a fresh decline. Initial support on the downside is near the $1,715 level. The first major support sits near the $1,680 zone. A clear move below the $1,680 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,625 region. The main support could be $1,600. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,715 Major Resistance Level – $1,880

Ethereum price started a fresh decline and traded below $1,800. ETH is now consolidating below $1,800 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,840. The price is trading below $1,800 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1,800 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $1,880 zone. Ethereum Price Dives Over 5% Ethereum price failed to remain stable above $1,880 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,840 and $1,820 levels. The price even traded below $1,800. A low was formed at $1,716, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $1,889 swing high to the $1,716 low. There is also a bearish trend line forming with resistance at $1,800 on the hourly chart of ETH/USD. Ethereum price is now trading below $1,800 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,720, the price could attempt another increase. Immediate resistance is seen near the $1,780 level. The first key resistance is near the $1,800 level and the 50% Fib retracement level of the downward move from the $1,889 swing high to the $1,716 low. The next major resistance is near the $1,820 level. A clear move above the $1,820 resistance might send the price toward the $1,850 resistance. An upside break above the $1,850 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term. More Losses In ETH? If Ethereum fails to clear the $1,850 resistance, it could start a fresh decline. Initial support on the downside is near the $1,720 level. The first major support sits near the $1,700 zone. A clear move below the $1,700 support might push the price toward the $1,665 support. Any more losses might send the price toward the $1,640 region. The main support could be $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,720 Major Resistance Level – $1,850

Ethereum is currently trading at a pivotal zone where long-term support and emerging bullish momentum are converging. With buyers attempting to defend a key multi-year trendline, the coming sessions could prove decisive for the asset’s broader outlook. A successful hold may set the stage for a powerful breakout, while failure could delay Ethereum’s next major rally. Ethereum Tests Critical Multi-Year Trendline Support After losing the $2,000 price mark, Ethereum continues to trend downward. However, recent analysis from World of Charts highlights that Ethereum has reached a critical technical juncture, currently testing a vital multi-year ascending trendline. The fact that this support zone is holding so far is a positive development, marking it as the most important area to monitor throughout the coming weeks. Related Reading: Ethereum Price Roadmap For The Rest Of 2026: Bull, Base, And Bear Scenarios Unpacked For a shift in momentum to occur, the asset needs to maintain this base while simultaneously overcoming the descending trendline overhead. Successfully reclaiming this overhead resistance would represent a major technical victory, potentially triggering a strong bullish wave and initiating a significant upward move. Despite the favorable setup, confirmation remains essential before projecting a larger rally. The stability of this support zone is the primary prerequisite for growth; if buyers continue to defend this level and a clean breakout is realized, Ethereum could be positioned for a substantial long-term bullish rally with significantly higher targets ahead. While patience remains the best strategy, the developing structure is becoming increasingly compelling for long-term investors and active traders alike. Closely monitoring these specific technical boundaries will be vital in identifying exactly when the market is ready to transition into its next expansion phase. Reclaims The 4H 200 MA And EMA After Months Of Weakness Speaking in a recent post, crypto analyst Daan Crypto Trades highlighted that Ethereum has achieved an important technical milestone by breaking above its 4-hour 200 MA and 200 EMA for the first time since losing those levels in April. The move suggests that short-term momentum may be shifting back in favor of the bulls after months of weakness. Related Reading: Ethereum Pullback Deepens, But Key Structure Still Signals Bullish Hope The analyst also pointed to Ethereum’s resilience against Bitcoin in recent sessions, noting that the asset has continued to show strength on lower timeframes. This relative outperformance has helped fuel optimism that ETH could be building a stronger recovery structure. According to Daan Crypto Trades, the breakout is worth monitoring closely. If Ethereum can maintain its position above these key moving averages, it could provide a boost to ETH-related sectors, particularly DeFi tokens and other ecosystem assets, especially if Bitcoin dominance continues to decline and capital begins rotating into alternative cryptocurrencies. Featured image from Pixabay, chart from Tradingview.com

After the latest Ethereum (ETH) pullback, some analysts have pointed to a bearish setup that suggests the leading altcoin could see another correction toward its potential market bottom. Related Reading: Arthur Hayes Bets $100K On Hyperliquid, Says HYPE Will Beat Solana By Year‑End Ethereum Bear Setup Breakdown Spells Trouble On Tuesday, Ethereum saw a 5.5% intraday drop from its daily opening, falling below the $1,900 barrier for the first time since late February. Notably, the King of Altcoins broke down from its five-day range between $1,965-$2,035, reaching a two-month low of $1,880. Amid today’s broader pullback, which also sent Bitcoin (BTC) toward the $67,000 support, market observer Trader Tardigrade affirmed that ETH’s final correction may be around the corner as a key bearish pattern is “repeating perfectly.” The trader pointed out a breakdown from a bear flag formation on the altcoin’s three-day chart. The setup had been forming since the February market crash, with the cryptocurrency breaking out of the pattern’s lower boundary around mid-May, when the price lost the $2,200 area. According to the above chart, this is the second time this pattern has formed since the Q3 2025 highs, with the first setup developing between late 2025 and early 2026, and resulting in the Q1 2026 40% crash. More importantly, Ethereum appears to be repeating the same path as its correction from the Q4 2024-Q1 2025 rally. After topping in late 2024, the cryptocurrency printed two consecutive bear flags, followed by a fresh leg down, before reaching its local bottom and eventually starting a new bullish rally. Now, “the structure is identical. Same breakdown. Same setup,” which suggests that “the final dip” toward the market bottom may be around the corner. “Once this dip completes, we’re headed straight into the next explosive leg up,” the trader stated. Where Is ETH Headed? Analyst Rekt Capital noted that Ethereum closed the month below its multi-year uptrend for the second time in five months. The last time this happened, the altcoin saw a “limited move to the upside” but was quickly rejected from the crucial $2,400 horizontal level. This signals that the rallies stemming from this trendline “are clearly weakening,” with the multi-year uptrend “likely faltering.” According to the analysis, ETH must hold the 2026 lows, around $1,750, or reclaim the uptrend to avoid a deeper correction. Similarly, Ali Martinez named this level a crucial support amid the recent price action. As he explained, Ethereum is approaching the bottom of its four-month horizontal channel, which is near the $1,825 level. To the analyst, “that area could offer a favorable risk-reward entry targeting $2,073 and $2,360, as long as price remains above $1,750 on a daily closing basis.” However, he has previously warned that since the price was rejected from the mid-zone of a multi-year channel and the 200-week Simple Moving Average (SMA), the altcoin risks a deeper correction. Related Reading: The Bitcoin Retracement Rally And The Resistance Level That Could End It All Therefore, if ETH sees a weekly close below the $1,850 area, “downside acceleration becomes highly likely,” with the channel structure pointing to two major downside targets, from a technical perspective. Martinez concluded that the initial retracement would see Ethereum retest the interim structural support around $1,560, while a deeper correction could push the price near the lower boundary of the multi-year range, at $1,070. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum price started a fresh decline and traded below $1,950. ETH is now consolidating below $1,920 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,950. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There was a break below a contracting triangle with support at $1,975 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,000 zone. Ethereum Price Extends Decline Ethereum price failed to remain stable above $2,000 and started a fresh decline, like Bitcoin. ETH price dipped below the $1,980 and $1,950 levels. There was a break below a contracting triangle with support at $1,975 on the hourly chart of ETH/USD. The price even traded below $1,920. A low was formed at $1,836, and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $2,003 swing high to the $1,836 low. Ethereum price is now trading below $1,950 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,840, the price could attempt another increase. Immediate resistance is seen near the $1,880 level. The first key resistance is near the $1,900 level. The next major resistance is near the $1,920 level and the 50% Fib retracement level of the downward move from the $2,003 swing high to the $1,836 low. A clear move above the $1,920 resistance might send the price toward the $1,950 resistance. An upside break above the $1,950 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,000 resistance zone or even $2,020 in the near term. More Downside In ETH? If Ethereum fails to clear the $1,950 resistance, it could start a fresh decline. Initial support on the downside is near the $1,840 level. The first major support sits near the $1,820 zone. A clear move below the $1,820 support might push the price toward the $1,780 support. Any more losses might send the price toward the $1,740 region. The main support could be $1,720. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,840 Major Resistance Level – $1,950

Ethereum is struggling below $2,000 as selling pressure and market uncertainty combine to keep the asset pinned beneath a level that has become the defining test of whether the recovery from the cycle lows has any structural foundation remaining. The price is under pressure — and an Arab Chain report tracking the Coinbase Premium Index has identified a signal in the US institutional demand data that provides a specific explanation for why the recovery keeps failing to sustain itself. Related Reading: HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green The Coinbase Premium Index for Ethereum has fallen to approximately -0.16 — its lowest level since February — before a slight rebound brought it back toward -0.14 in recent sessions. The index measures the price difference between Ethereum trading on Coinbase against the US dollar and on Binance against USDT. When the reading is negative, Ethereum is cheaper on Coinbase than on Binance — a condition that directly reflects reduced buying activity from US-based participants relative to global liquidity. At -0.16, the signal is not ambiguous. American institutional and retail demand for Ethereum on the most regulated and most scrutinized US exchange has been running below global demand for an extended period. The slight rebound toward -0.14 suggests the worst of the US selling pressure may be moderating — but the index remaining at February lows confirms that the recovery in domestic demand has not yet arrived at the scale that would change the structural picture for Ethereum attempting to reclaim $2,000. US Demand Has Been Absent Since February The Arab Chain report places the current reading in the context that gives it its full weight. The Coinbase Premium Index has remained in negative territory for extended periods since the beginning of 2026, experiencing several sharp declines throughout the year. The current reading near -0.16 does not represent a new deterioration from a previously healthy baseline — it represents a continuation and deepening of a condition that has been present for months. Ethereum Coinbase Premium Index | Source: CryptoQuant That persistence is the most alarming element of the data. A single negative reading can reflect a temporary imbalance. Months of sustained negative readings describe a structural absence of the US institutional demand that historically drives Ethereum’s most durable advances. The price behavior that accompanies the premium data completes the picture. Ethereum has been moving sideways without clear upward momentum — a dynamic consistent with a market where global liquidity and short-term speculation are providing enough activity to prevent a collapse but insufficient conviction to drive a sustained recovery. Binance’s price premium over Coinbase confirms that the participants currently setting ETH’s price direction are operating through offshore venues rather than the regulated US infrastructure most associated with long-term institutional allocation. Declining market risk appetite and increased derivatives volatility are the macro conditions compounding the absence of domestic demand. Until the Coinbase Premium recovers into positive territory and sustains there, the market structure the Arab Chain report describes — global speculation filling the gap left by absent US investment flows — is unlikely to produce the kind of directional advance Ethereum needs to reclaim $2,000 with conviction. Related Reading: Chainlink Sends A Rare Signal As 66% Of Exchange Supply Sits On Binance Ethereum Breaks Below Key Support Ethereum is trading near $1,975 after decisively losing the psychological $2,000 level and continuing the downtrend that has developed since its rejection from the $2,300–$2,350 resistance zone in May. The chart shows a clear deterioration in market structure, with ETH now trading below its 50-day, 100-day, and 200-day moving averages — a configuration that confirms bearish momentum across multiple timeframes. Ethereum consolidates below $2,000 mark | Source: ETHUSDT chart on TradingView The most important development is the breakdown below the April support area around $2,050–$2,100. That zone previously acted as a launching point for the rally toward $2,400, but sellers have now reclaimed control and turned former support into resistance. Volume has remained relatively stable during the decline, suggesting the move is being driven by persistent selling pressure rather than a single liquidation event. Related Reading: Ethereum Flashes A Rare Signal As Open Interest Reaches Highest Level Since 2019 From a technical perspective, ETH is approaching a critical demand zone between $1,820 and $1,920, highlighted on the chart. This area marked the February cycle low and previously attracted significant buying interest. As long as ETH remains above this region, bulls can argue that the broader range structure remains intact. However, failure to hold this support would significantly increase downside risk. A clean breakdown below $1,820 could open the door to a deeper correction toward the $1,700 region. For bulls to regain momentum, Ethereum must first reclaim $2,050 and then challenge the major resistance cluster between $2,250 and $2,350, where every recovery attempt has failed since April. Featured image from ChatGPT, chart from TradingView.com 

Ethereum is back at a point on its Bitcoin pair where the price action has always started to ask a dangerous question: is ETH still weak, or is it being priced for another rotation? A new ETH/BTC chart shared by crypto analyst BLADE shows Ethereum falling through 14 straight lower closes against Bitcoin, taking the pair below the same relative strength zone during its February low. The setup matters because the last visit to that area came at a moment of heavy pessimism around Ethereum. A few weeks later, ETH began to outperform Bitcoin, and the move eventually carried Ethereum above $2,450. Ethereum Returns To The Same ETH/BTC Buy Zone BLADE’s analysis focuses on the Ethereum/Bitcoin pair, where ETH has moved into a clear short-term breakdown against BTC after weeks of steady underperformance. The pair was trading above 0.0313 in April, but that level gave way as sellers continued to pressure Ethereum relative to Bitcoin.  Related Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them Money; Analyst By May, ETH/BTC had fallen below 0.027 after recording 14 consecutive lower closes, dragging it to its lowest level since July 2025. That decline means that the Ethereum price has not only been falling in dollar terms or struggling with the broader crypto market but has also been losing ground directly against Bitcoin. However, the most recent red candle on the ETH/BTC pair turned out to be a doji candlestick, which is the ultimate candlestick of indecision. The current candlestick is still green, and the Ethereum price is now in a position of outperforming the Bitcoin price. Interestingly, the deeper point in BLADE’s analysis is where the decline has brought the pair. The ETH/BTC RSI has returned to the same support zone that appeared around the February low, near the lower 30s on the indicator. That zone is highlighted on the chart below as the area where momentum became stretched enough in February for Ethereum to begin recovering against Bitcoin. What’s Next For Ethereum? At the time of writing, the ETH/BTC pair is trading at 0.02835, which is about 35% below its August 2025 high of 0.0434. This was the last time the Ethereum price was in a period of peak outperformance against Bitcoin, and it led to a breakout above $4,000 and its current all-time high of $4,946.  Related Reading: Can Ethereum Stage The Biggest Comeback In History? Why Price Could Double Ethereum’s current setup is not identical to August 2025, but the rhythm is similar enough. The pair has returned to the same momentum support area, and the lower-close sequence has become stretched. The pair now needs to stop printing lower closes and reclaim the breakdown zone, and Ethereum starts seeing more inflows compared to Bitcoin, especially as BTC has now broken below $70,000 in the past 24 hours. However, Ethereum has not been immune to the broader market weakness either, with ETH also falling below $2,000 in the past 24 hours. Featured image from Freepik, chart from Tradingview.com

Ethereum price started a fresh decline and traded below $1,980. ETH is now consolidating below $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,000. The price is trading below $2,000 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,010 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,020 zone. Ethereum Price Extends Decline Ethereum price failed to remain stable above $2,020 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,010 and $2,000 levels. The price even traded below $1,980. A low was formed at $1,955, and the price recently attempted a minor recovery wave. There was a move above the 50% Fib retracement level of the downward move from the $2,035 swing high to the $1,955 low. However, the bears remained active near $2,000. There is also a bearish trend line forming with resistance at $2,010 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,955, the price could attempt another increase. Immediate resistance is seen near the $2,000 level and the 61.8% Fib retracement level of the downward move from the $2,035 swing high to the $1,955 low. The first key resistance is near the $2,020 level. The next major resistance is near the $2,050 level. A clear move above the $2,050 resistance might send the price toward the $2,080 resistance. An upside break above the $2,080 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. More Downside In ETH? If Ethereum fails to clear the $2,000 resistance, it could start a fresh decline. Initial support on the downside is near the $1,955 level. The first major support sits near the $1,920 zone. A clear move below the $1,920 support might push the price toward the $1,880 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,955 Major Resistance Level – $2,020

Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,050 zone. Ethereum Price Remains At Risk of More Downside Ethereum price failed to remain stable above $2,040 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,020 and $2,010 levels. The price even traded below $1,985. A low was formed at $1,965, and the price recently attempted a minor recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. However, the bears remained active near $2,040. The price dipped again below $2,020. There was a break below a bullish trend line with support at $2,015 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,010 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,980, the price could attempt another increase. Immediate resistance is seen near the $2,020 level. The first key resistance is near the $2,030 level. The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,140 swing high to the $1,965 low. A clear move above the $2,050 resistance might send the price toward the $2,085 resistance. An upside break above the $2,085 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. More Downside In ETH? If Ethereum fails to clear the $2,050 resistance, it could start a fresh decline. Initial support on the downside is near the $1,980 level. The first major support sits near the $1,965 zone. A clear move below the $1,965 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,980 Major Resistance Level – $2,050

Ethereum is struggling to push above $2,000 as the market prepares for a decisive move that participants on both sides of the trade increasingly recognize as imminent. The price is compressing — and CryptoQuant data has identified a development in the derivatives market that explains why the current level feels like more than a routine resistance test. Related Reading: HYPE Whale Bets Grow Larger As Institutional-Linked Accumulation Reaches $170M On May 28, Binance recorded a 336,000 ETH increase in 30-day open interest while Ethereum traded near $1,990. That single-venue reading is the highest positive open interest expansion Binance has registered in the current chart since May 2019 — a data point that places the current derivatives activity in a historical context spanning six years of market cycles. This scale of positioning built at this specific price level is not normal market behavior. It is an extreme. Ethereum Multi Exchange Open Interest | Source: CryptoQuant The expansion was not isolated to Binance. OKX added 106,500 ETH in open interest. Bybit added 34,600 ETH. Deribit added 26,700 ETH. Four major venues simultaneously building derivatives exposure in a compressed window. A combined increase of approximately 503,800 ETH, representing nearly $1 billion in notional positioning, was added in a single session. Nearly $1 billion in new derivatives exposure was built around the $2,000 level in a single day. The market is not drifting toward a decision; it is positioning for one. And the CryptoQuant data reveals which side of that positioning is currently winning. $1 Billion in New Exposure and Record Selling Pressure The CryptoQuant report identifies the signal that prevents the open interest expansion from being read as straightforwardly bullish. The leverage build-up arrived alongside heavy sell-side pressure. Binance Cumulative Net Taker Volume fell to approximately -$744 million — its deepest negative reading since April 6, 2026. New leverage entered the market while aggressive sellers remained in control, creating a fragile structure rather than the clean bullish open interest expansion that typically precedes sustained upside. Ethereum Binance Cumulative Net Taker Volume | Source: CryptoQuant The historical record on sharp ETH open interest spikes is honestly mixed. Some preceded downside moves and liquidation cascades as the accumulated leverage unwound against the direction of the positioning. Others became the fuel for significant rebounds or short squeezes when the sellers exhausted themselves against persistent demand. The June 20, 2025 parallel is the most relevant comparison available. A similar Binance open interest build-up of approximately 250,000 ETH was followed by Ethereum’s rally above $4,600 — a move where the accumulated short positioning became the mechanism that accelerated the advance rather than capped it. Whether the current -$744 million in aggressive selling represents exhaustion building toward that kind of resolution, or the dominant force that eventually breaks the $2,000 level lower, is the question Ethereum’s next sessions will answer. Binance is currently the center of ETH derivatives stress — carrying both the largest open interest increase and the strongest aggressive selling pressure simultaneously. That concentration makes whatever resolution arrives more decisive than a dispersed market structure would produce. Related Reading: XRP Sends A Rare Signal As Whale-Retail Dynamics Are Shifting – Traders Are Watching Ethereum Tests Psychological Support As Bears Maintain Control Ethereum is trading near $2,000 after a sustained decline from the May highs around $2,400, placing the asset at a critical inflection point. The daily chart shows a clear loss of momentum over the past several weeks, with ETH breaking below the 50-day, 100-day, and 200-day moving averages. This alignment reflects a market that has shifted back into a bearish structure after failing to sustain its recovery from the February lows. Ethereum consolidates around $2,000 level | Source: ETHUSDT chart on TradingView The most important development is Ethereum’s rejection from the $2,300-$2,400 resistance zone. That area capped multiple rallies throughout April and May and ultimately triggered the current leg lower. Since then, sellers have steadily pushed price toward the psychological $2,000 level, a threshold that is now acting as the market’s primary battleground. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup From a technical perspective, ETH is trading in the middle of a broader range that has contained the price since February. Immediate support sits around $1,950-$2,000. While the stronger demand zone remains between $1,800 and $1,900, highlighted by the lower yellow box on the chart. A breakdown below current levels would likely open the door for a retest of that region. Volume has remained relatively stable during the decline, suggesting controlled selling rather than panic liquidation. For bulls to regain momentum, Ethereum would need to reclaim $2,200 and eventually break back above the $2,300-$2,400 resistance area that has repeatedly rejected advances throughout the second quarter. Featured image from ChatGPT, chart from TradingView.com 

On-chain data shows large wallets on the Ethereum network have continued to accumulate despite the price decline that the asset has faced. Ethereum Holders With At Least 100,000 ETH Now Control 22% Of Supply According to data from on-chain analytics firm Santiment, the Ethereum investors owning at least 100,000 ETH have been accumulating recently. At the current exchange rate, this 100,000 ETH cutoff converts to nearly $200 million, so the only holders that would qualify for the cohort would be the big-money ones. Related Reading: Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017 In fact, the sums held by members of this group are so significant that they would be classified as large even among the whales, the popular cohort for classifying influential investors. Now, here is a chart that shows the trend in the total supply held by these Ethereum mega whales over the last few months: As displayed in the above graph, the Ethereum investors with 100,000+ ETH have collectively added a net amount to their holdings since the start of May. Interestingly, this trend of accumulation has maintained despite the bearish turn that the market has taken in the second half of this month. From the chart, it’s visible that these humongous ETH investors now hold a total of 17.41 million tokens, the highest in around nine weeks. In supply percentage terms, their holdings occupy a share of 22.03%, which is a 10-week high. The fact that the massive Ethereum whales have been adding to their holdings recently can naturally be a positive sign for the cryptocurrency, but something to keep in mind is that the supply of this group has still followed an overall decline since Q4 2025. Considering this, it only remains to be seen whether the current trend will continue for long enough to reverse this drawdown. Related Reading: Crypto Faces Nearly $1 Billion In Liquidations As Bitcoin, Ethereum Crash In related news, on-chain analytics firm CryptoQuant has also shared some data related to large holders, this time for the Bitcoin network. As is apparent in the graph on the right, the Bitcoin whales saw their supply go up during January and February, but since then, their 30-day supply change has dropped off to neutral levels. At the same time, the smaller dolphin group (displayed on the left) has also been pulling back on its accumulation. “Historically, when both cohorts stall simultaneously, sustained price weakness tends to follow,” explained CryptoQuant. ETH Price Following a drop of more than 6% over the past week, Ethereum has found itself back under the $2,000 level for the first time since late-March. Featured image from Dall-E, chart from TradingView.com

As the crypto market matures, the relative strength between Ethereum and Bitcoin is becoming one of the most discussed narratives. The ETH ecosystem is entering a new phase of growth, fueled by scaling solutions, rising staking participation, and a more efficient supply structure. These improvements are steadily reinforcing the ETH fundamentals and long-term utility within decentralized finance and beyond. Ethereum, Bitcoin Recovery Depends On Adoption And Market Rotation The debate around whether Ethereum can reclaim its 2021 highs against Bitcoin is gaining renewed momentum as institutional voices turn increasingly optimistic. Crypto analyst Walter Bloomberg revealed on X that Geoff Kendrick of Standard Chartered remains strongly bullish on ETH despite its prolonged underperformance against BTC. Related Reading: Ethereum’s Price Pulls Back Close To $1,900, But Large Holders Remain Unfazed Geoff Kendrick argues that the current disconnection between ETH’s strong fundamentals and its weak price performance is only temporary. Meanwhile, ETH has experienced a significant drawdown to $2,100, a 57% since August 2025, with the ETH/BTC ratio declining by 37%. However, the on-chain transaction levels and total value locked (TVL) across the ecosystem have reportedly remained near all-time highs. Standard Chartered reportedly compares the current ETH situation to a major technology company, Amazon, during the 2021 dot-com crash, suggesting ETH could bounce back. The bank maintains aggressive long-term targets, projecting Ethereum to reach $4,000 by 2026 and potentially reaching $40,000 by 2030.  A move of that scale would also push the ETH/BTC ratio back toward its 2021 peak. The bullish thesis is largely driven by ETH’s dominant 50-65% position in stablecoins and tokenized real-world assets (RWAs), with both sectors expected to experience massive growth. Macro Technical Levels Continue To Shape ETH/BTC Direction A partner with sizeprop known as Scient on X has mentioned that the broader Ethereum and Bitcoin macro prediction has now completed a textbook pattern, closely following the plan mapped out at the February lows. After a sustained 3-month rally, the price delivered a clean bearish retest of the daily market structure shift (MSS) and breaker zone, before rotating lower to sweep liquidity at the February range lows and fill the fair value gap. This move represents a textbook technical execution of the thesis. Related Reading: This 1 Chart Explains Why Bitcoin Is Winning And Ethereum Is Losing Right Now Currently, with price tapping into the critical 0.75 Fibonacci zone, the weekly timeframe is beginning to show early signs of a potential bounce. If ETH/BTC is going to establish a meaningful bottom, this would be the area where it will happen. On the lower timeframes, the 12-hour chart reveals an important development. The price has been holding its lows quietly for over a week, with the Relative Strength Index (RSI) printing bullish divergence, often a signal of classic accumulation at a key level. Scient noted that the confirmation of a sustained move higher is still pending, and the current setup places ETH/BTC at a decisive moment. Either way, the coming days are likely pivotal for determining the next major direction. Featured image from iStock, chart from Tradingview.com

Crypto analyst The Short Bear has addressed investors who are currently capitulating on Ethereum and offloading their coins. He cited a mistake these investors are currently making that could cost them money when the bull thesis for ETH eventually plays out.  Analyst Reveals Misconception Investors Have About Ethereum In an X post, the Short Bear said that many people are mistaken in treating Ethereum like an end-stage Amazon as if the main question is already about mature margins, fees, and cash flows. He explained that, in reality, the layer-1 network is still very much earlier in its economies-of-scale phase, with nearly all metrics in the top-right corner and growing at mid-double-digit to triple-digit rates.  Related Reading: Can Ethereum Stage The Biggest Comeback In History? Why Price Could Double The analyst further stated that most of the market is focused on the wrong battle, of which network can become the fastest and cheapest payment processor. However, he opined that the real value may not be in the transaction fee itself. Instead, the Short Bear believes that the real value lies in the amount of economic activity secured by the network, the credibility of that security, the neutrality of the base layer, and the difficulty of replacing such a network once it gains widespread adoption.  The Short Bear remarked that this is where Ethereum seems different to him and why many institutions are choosing ETH. He noted that most other networks still feel replaceable and that if their advantage is mainly technical efficiency, it can eventually be copied or rendered irrelevant. However, the analyst believes that Ethereum stands out because the network is looking to become the most secure, decentralized, credibly neutral settlement layer for the internet economy.  In line with this, the analyst declared that the most valuable network may not be the one with the lowest transaction costs. Instead, it may be the one people trust most to secure the highest-value assets and applications over the longest period.  How ETH Could Become One Of The Only Neutral and Secure Bonds The Short Bear noted that 1/3 of the total Ethereum supply is now staked and that, in this scenario, ETH would not be just another asset to hold. Instead, it could become one of the only truly neutral and secure bonds for the digital economy. The analyst painted a scenario where ETH retains its market share while continuing to scale through upgrades that improve speed, throughput, and fees. He remarked that the potential remains significant, especially if AI agents truly become crypto-natives.  Related Reading: Analyst Highlights Ethereum ‘Kill Zone’ That Shows The Best Time To Buy The analyst added that if Ethereum earns the crown as the leading value-secured network, then ETH could eventually be viewed as a truly decentralized, inflation-adjusting global bond. Under this scenario, he noted that ETH will be deserving of a premium market cap because of the value it provides in protecting assets, in addition to the incentives to stake and earn yields. Featured image from iStock, chart from Tradingview.com

Ethereum price started a fresh decline and traded below $2,020. ETH is now consolidating near $2,000 and might struggle to recover. Ethereum remained in a bearish zone after a fresh decline below $2,020. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,010 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,050 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,050 and started a fresh decline, like Bitcoin. ETH price dipped below the $2,020 and $2,000 levels. The price even traded below $1,980. A low was formed at $1,964, and the price is now showing many bearish signs. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $2,139 swing high to the $1,964 low. Besides, there is a bearish trend line forming with resistance at $2,010 on the hourly chart of ETH/USD. Ethereum price is now trading below $2,000 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,965, the price could attempt another increase. Immediate resistance is seen near the $2,010 level. The first key resistance is near the $2,020 level. The next major resistance is near the $2,050 level or the 50% Fib retracement level of the downward move from the $2,139 swing high to the $1,964 low. A clear move above the $2,050 resistance might send the price toward the $2,085 resistance. An upside break above the $2,085 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,120 resistance zone or even $2,150 in the near term. More Downside In ETH? If Ethereum fails to clear the $2,020 resistance, it could start a fresh decline. Initial support on the downside is near the $1,965 level. The first major support sits near the $1,950 zone. A clear move below the $1,950 support might push the price toward the $1,920 support. Any more losses might send the price toward the $1,850 region. The main support could be $1,780. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,965 Major Resistance Level – $2,050

Ethereum remains under heavy pressure after slipping below a major support level, reinforcing the growing bearish outlook across the market. With fear-driven sentiment increasing and sellers maintaining control, the $1,930 level has now emerged as the most critical support zone for bulls to defend to prevent a deeper decline.  ETH Structure Turns Bearish Below Key Support According to a recent analysis shared by Mira Agent, ETH was trading around the $2,055 to $2,080 range at the time of the post, with the broader market structure continuing to show signs of weakness. Ethereum’s current setup is becoming increasingly important as bearish momentum gradually strengthens across higher timeframes. Related Reading: Ethereum Recent Bearish Breakdown Signals Growing Advantage For Sellers Mira Agent explained that the 4-hour chart remains bearish after ETH lost the key $2,050 support zone. Adding to the negative outlook, the 200-day moving average has maintained a downward slope since May 21. Lower highs continue to form on the chart, while selling pressure keeps building as market sentiment remains fragile, with the Fear & Greed Index currently sitting at an extreme fear reading of 25.  Meanwhile, Mira’s AI confidence metric shows only 32% bullish probability at the moment. Key resistance levels to monitor are positioned at $2,050, $2,150, and $2,230, while major support zones are located at $1,930, $1,880, and $1,780. Mira outlined three possible scenarios for Ethereum moving forward. The dominant outlook remains bearish continuation in the near term with a 60% probability. A consolidation phase between $2,040 and $2,090 carries a 25% probability, while the bullish reversal scenario remains the least likely at 15%, requiring a decisive weekly close above the $2,180 level to confirm renewed strength. Institutional Demand For Ethereum Continues To Strengthen Stating what to look forward to, Mira Agent revealed that institutional tailwinds are quietly building, despite current market sentiment. Notably, BitMine has executed its largest Ethereum acquisition of 2026, signaling robust interest from major players. Furthermore, SharpLink is slated to enter the Russell indexes, a milestone that will trigger significant forced passive buying, adding a layer of structural support. Related Reading: Ethereum Price Struggles Near Key Levels As Market Sentiment Weakens Beneath the surface of market volatility, Ethereum’s fundamental health remains remarkably resilient. A key indicator of this stability is the shift in revenue streams for Ethereum treasury firms, where staking rewards now account for 60% of total income. This trend highlights a transition toward sustainable, yield-driven growth, proving that while the price has experienced a sharp contraction, the network’s underlying economic value has not broken. Bottom line: this is a moment for patience, not panic. It is crucial to watch the $1,930 level closely, as it represents the definitive line in the sand for the current cycle. As long as the market can hold this support threshold, the broader bullish case remains alive. Featured image from iStock, chart from Tradingview.com

Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway.  Even with the recent slide, Standard Chartered’s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum. Ethereum Price Will Catch Up In a note to investors on Thursday, Kendrick reaffirmed Standard Chartered’s core projection for Ethereum’s performance over the next four years, including its end-2030 target of $40,000 for ETH.  He linked the current weakness to something investors may eventually look back on as a confusing, even misleading, signal. Rather than treating the price drop as proof that the network is weakening, Kendrick argued that Ethereum’s usage metrics are continuing to improve even as the token’s market value loses ground. Related Reading: Hyperliquid (HYPE) In The Spotlight: Grayscale’s Latest Report Says What Comes Next To illustrate the gap between price action and underlying progress, Kendrick drew a comparison to Amazon during the 2001 dot-com bust. His argument echoes a line often attributed to Jeff Bezos: that while a company’s stock can go the wrong way, “everything inside the company” can still be moving in the right direction.  Kendrick specifically said that Ethereum will “catch up” to those improving internal metrics and suggested that investors are effectively watching a delay between operational strength and market pricing.  ETH Upside Signals Standard Chartered’s view leans heavily on measurable indicators that Kendrick says support Ethereum’s position in key parts of the crypto economy.  One of the bank’s central points is Ethereum’s role in stablecoins. Kendrick noted that 54% of all stablecoins are currently issued on the network. He also said stablecoins make up around one-third of all Ethereum transactions in 2026 year-to-date.  Based on that momentum, Standard Chartered projects the stablecoin market cap could increase sixfold from current levels by the end of 2028. Related Reading: Perfect Crypto Week In Texas: 6 Candidates Backed, 0 Misses—What To Track Next A second major pillar of the bullish case is Ethereum’s position in tokenized real-world assets (RWAs). Kendrick said Ethereum hosts around 62% of RWAs and about 68% of active on-chain loans.  He projected that the non-stablecoin RWA sector could grow about 50 times to reach $2 trillion by the end of 2028. For Standard Chartered, tokenized RWAs are likely to expand in a way that brings Ethereum a significant share of the activity.  Kendrick’s projections suggest Ethereum could still capture roughly half to two-thirds of both tokenized assets and the related category of growth, with Ethereum hosting an estimated 50% to 65% of those segments. Kendrick’s analysis keeps the forecast unchanged: ETH at $4,000 by the end of 2026 and then $40,000 by the end of 2030. In the same reaffirmation, Standard Chartered lays out an extended path through the intervening years, projecting $10,000 by end-2027, $18,000 by end-2028, and ultimately $40,000 by end-2030. At the time of writing, ETH was trading at $1,991, having retraced by 5% in the weekly timeframe. This means that the altcoin is now trading 59% below its all-time high of $4,964, reached last year.  Featured image created with OpenArt; chart from TradingView.com