As a crypto investor, I’ve been watching Ethereum make a nice comeback from around $1,500. But now, things are getting interesting. The price is hitting a key area where sellers might step in, and it’s a make-or-break moment. Depending on what happens here, we could see Ethereum push even higher, or it might settle into a period of sideways trading again.
Ethereum Price Analysis: The Daily Chart
As I’ve been monitoring Ethereum, I’ve observed that it’s still operating within a longer-term downtrend, remaining below both its 100-day and 200-day moving averages. That said, I’m seeing some positive signs recently. Buyers have stepped in and held the $1,500 level, and we’ve seen a good bounce back up toward $1,800. While the overall trend is still down, this recent price movement is encouraging.
Currently, the key price level to watch is between $2,000 and $2,150. This area represents a strong resistance zone, combining a downward trendline, the 100-day moving average, and overall selling interest. If the price rises to this level, it will likely face increased selling, which will be a crucial test of whether the upward trend can continue.
The current recovery is still happening as long as the price of Ethereum stays above $1,500. The fact that the price recently hit a higher low indicates that buyers are starting to take charge after a period of price declines.
ETH/USDT 4-Hour Chart
Looking at the 4-hour chart, Ether has recently risen to around $1,830, a key resistance level. This price also corresponds with the 0.5 Fibonacci retracement and a highlighted trading zone between approximately $1,820 and $1,880.
I’m watching this closely – we’ve already seen price react after hitting the bottom of that supply zone. Right now, this pullback is really testing buyer interest. If buyers can hold the line between $1.75K and $1.8K and show some strength by making a higher low, I think we’ll likely see another push towards the $1.9K Fibonacci level.
If the price rises above $1,900, it could then reach $1,960 and potentially $2,010. However, if the recent upward momentum stalls, we might see a larger pullback before prices start climbing again.
Sentiment Analysis
Looking at funding rates can give you a good idea of how traders are feeling about the market. Recently, these rates dropped sharply as Ethereum’s price neared $1,500, suggesting many traders were betting against it – and that this bet had become overly popular during the price drop.
In the past, times when funding has been very negative have often marked the lowest point before prices start to rise. This is because when many traders are betting against an asset, it can lead to a rapid price increase as those bets are closed out. We’re seeing something similar now with Ethereum (ETH), which has bounced back strongly after funding rates became extremely negative.
Interestingly, money is starting to flow back into the market, though still at a much lower rate than we saw during past big increases. This indicates people are cautiously starting to invest again, but it doesn’t suggest things are getting overly risky just yet.
Because of this funding information, the price could still rise towards the $1,900 to $2,000 resistance level. However, the market is now reaching a point where some investors might sell to take profits, potentially causing the price to fall again.
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2026-06-16 18:25