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.
Ethereum's price is struggling below $2,010 and the 100-hourly SMA, with a broken bullish trend line at $2,015. Technical analysis suggests a potential drop to $1,850 if key support at $1,965 fails. Historically, June has been a bearish month for ETH, with losses in 7 of the last 10 years.
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.
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.