Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt
By Aayush Jindal | 2026-06-10 03:48:51 | 3 months ago
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
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
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEGATIVE
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY