Key facts
- Ethereum is trading below $2,010 and the 100-hourly SMA.
- A bullish trend line at $2,015 has been broken.
- The price briefly dipped to $1,965.
- June has historically been a bearish month for Ethereum, with losses in 7 of the last 10 years.
- Analyst Ali Charts sees $1,825 as a potential entry point targeting $2,073 and $2,360.
Ethereum has experienced disappointing price performance, with bears appearing to be in control. Technical analysis suggests that if Ethereum cannot overcome the $2,033 resistance level soon, it could see a significant drop. The current downward trend is expected to continue if key resistance levels are not breached. Historically, June has been a bearish month for ETH, with losses in 7 of the last 10 years.