Ethereum Price Rebound Runs Out Of Fuel Near Key Resistance
By Aayush Jindal | 2026-06-09 01:48:32 | 3 months ago
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
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
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEUTRAL
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY