The supply of Ethereum (ETH) across several cryptocurrency exchanges has dropped by roughly 475,000 units during the first week of June.
Ethereum faces rejection at key resistance while analysts debate deeper downside risks and the possibility of a future recovery.
A long-dormant Ethereum investor sold about $188 million in ether and related tokens just before this month's market crash, then began buying back at sharply lower prices, completing a textbook round trip. A Well-Timed Exit The investor who has been holding coins since the network's early days sold 60,000 ETH worth about $117.
Ethereum OG sold $188M before the crash and rebought ETH and WBTC at lower prices as ETH recovered near $1,666 while exchange reserves fell.
Ethereum collapsed to the $1,500 level in June 2026 — marking its deepest retracement in years — before mounting a modest rebound above $1,620. This dramatic descent has sparked intense debate: has ETH finally established a floor, or is the journey toward $1,000 still underway?
Ethereum touched $1,500, down 70% from its high, and an analyst flagged $1,000 risk. The case for and against ETH falling further, and what decides it.
BitMine Immersion Technologies (BMNR) shares extended their sell-off this week after breaking below a closely watched technical support level, even as the company moved to raise fresh capital through a higher-priced preferred stock offering to fund an Ethereum-focused treasury strategy. The common stock fell through roughly $18.30, a level technicians had flagged as a key floor, and continues to trade beneath its major moving averages—signals that bearish momentum remains in control.
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.
Cryptocurrency markets saw a sharp wave of forced deleveraging over the past 24 hours, with roughly $315.32 million in leveraged positions liquidated—a reset that briefly rattled sentiment but ultimately coincided with a rebound led by Ethereum (ETH) and major altcoins. The liquidation event mattered less for the headline number than for what it revealed about positioning: the market had become heavily tilted toward short-term upside bets, and that imbalance unwound quickly.
Ethereum's historic RSI lows suggest potential for future recovery, highlighting opportunities for patient investors amid current market volatility. Ethereum RSI drops to lowest level since launch amid relentless selling pressure.
Ethereum's latest price crash has pushed the cryptocurrency below $1,800, placing its monthly chart under pressure at a time when the entire crypto market sentiment has turned heavily bearish. There is also another weakness coming from the monthly RSI, which has now dropped to its lowest level since the asset launched in 2015.
ETH flashes trend exhaustion near $1,600 as on-chain data shows shrinking sell-side supply