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▲ Ethereum (ETH)
Ethereum (ETH) has been blocked by the $1,850 resistance, renewing the risk of a fall to $1,500 and $1,000.
According to crypto media outlet Cryptopotato on June 18 (local time), Ethereum remains within a long-term downtrend channel. It recently rebounded near $1,500, but the overall bearish structure has not changed.
The key resistance zone is between $2,000 and $2,200. This is where the 100-day moving average and major supply zones converge. A daily close above this zone could lead to a rise to $2,400. The 200-day moving average is located near $2,400.
Conversely, if $1,500 breaks, the bottom of the downtrend channel could open up. The next target price would be around $1,000. The RSI (Relative Strength Index) has recovered from the oversold zone but has not entered the bullish territory.
On the 4-hour chart, a short-term recovery structure appeared. Ethereum has been setting higher lows along an ascending trendline. Buyers attempted to break above $1,850, but selling pressure re-entered. If the ascending trendline breaks, $1,500 will be tested again.
Exchange holdings have decreased to approximately 14.6 million ETH. This figure has been declining since mid-2025. A decrease in exchange supply can lower long-term supply pressure. However, currently, macroeconomic and market conditions are overriding positive supply trends.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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