Ethereum Price Analysis: Fresh Pullback Pushes ETH Further From $2K
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Ethereum is trading around $1.74K after bouncing from a major demand zone near $1.5K following an early-June sell-off, but its rebound is being rejected at a technically significant resistance near $1.85K. Short-term momentum remains constructive, yet the daily structure and a weak Coinbase Premium Index indicate buyers must push through resistance to confirm a broader trend reversal, signaling continued short-term risk for ETH price, DeFi and broader crypto adoption.
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Ethereum has been trying to recover from its early June sell-off, but the rebound is getting rejected from a technically significant resistance area. While short-term momentum still remains constructive, both the daily structure and the Coinbase Premium Index suggest buyers still have work to do before confirming a broader trend reversal.
Ethereum Price Analysis: The Daily Chart
The daily chart shows ETH trading around $1.74K after bouncing from the major demand zone at $1.5K. That area once again attracted buyers and produced a sharp recovery, allowing the asset to attack the $1.85K region once more.
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Coins
$ 1.78K
+2.61%
$ 1.79K
+2.65%Predictions Markets
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In This News
Coins
$ 1.78K
+2.61%$ 1.79K
+2.65%Predictions Markets
See what traders are focused on
Share:
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