Ethereum Price Could Spark A Fresh Upswing While Above $1,550
By Aayush Jindal | 2026-06-11 03:58:22 | 3 months ago
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
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
keywords : ETH|ethbtc|ethereum|ethusd|ETHUSDT
sentiment : NEUTRAL
category data : BTC | ETH | EXCHANGE | TRADING | CRYPTOCURRENCY