Ethereum price nears crucial support as analysts warn of another leg down

cryptonews03:09

Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum price nears crucial support as analysts warn of another leg down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-10 03:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/ethereum-price-nears-crucial-support-as-analysts-warn-of-another-leg-down/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another ...</p>\n\n<a href=\"https://crypto.news/ethereum-price-nears-crucial-support-as-analysts-warn-of-another-leg-down/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETHT","symbol_name":"ProShares Ultra Ether ETF","start_time":0,"source_url":"https://crypto.news/ethereum-price-nears-crucial-support-as-analysts-warn-of-another-leg-down/","article_id":"2642494234","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/ethereum-price-nears-crucial-support-as-analysts-warn-of-another-leg-down/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2642494234","pubTimestamp":1781032142,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another move toward key support levels.Ethereum price fell about 4% to near $1,630 as crypto liquidations reached $468 million, and Bitcoin dropped below $62,000.Analyst Ted Pillows warned that failure to reclaim $1,700 could trigger a move toward the $1,540 support zone.Technical indicators remain bearish, with ETH trading below Supertrend resistance near $1,850 and testing long-term support around $1,530.During the selloff, Bitcoin fell from roughly $64,100 to as low as $61,049, with analysts continuing to monitor whether the largest cryptocurrency can maintain support above $60,000. A sustained hold above that level could open the door for a recovery toward $63,400, while a breakdown may expose the $58,000 to $59,000 region.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETHT":"ProShares Ultra Ether ETF","ARKY":"ARK 21SHARES ACTIVE BITCOIN ETHEREUM STRATEGY ETF","09179":"嘉实以太币-U","03042":"华夏比特币","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","BKCH":"AdvisorShares Sabretooth ETF","XRP":"Bitwise XRP ETF","QETH":"以太坊ETF-Invesco Galaxy","09042":"华夏比特币-U","BITW":"Bitwise 10 Crypto Index ETF","03046":"华夏以太币","BTC.AU":"Btc Health Ltd","03008":"博时比特币","09439":"嘉实比特币-U","09046":"华夏以太币-U","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","ETHE":"最大以太坊ETF-Grayscale","YETH":"Roundhill Ether Covered Call Strategy ETF","03009":"博时以太币","EETH":"以太币期货ETF-ProShares","03439":"嘉实比特币","ETHD":"ProShares UltraShort Ether ETF","BTC":"Grayscale Bitcoin Mini Trust","BETE":"等权重比特币&以太币期货ETF-ProShares","03179":"嘉实以太币","FETH":"以太币ETF-Fidelity","AETH":"以太坊策略ETF-Bitwise","BETH":"比特币&以太币期货ETF-ProShares","BTF":"比特币&以太币期货ETF-CoinShares","ETHA":"以太坊ETF-iShares","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","09008":"博时比特币-U","ETH":"低成本以太坊ETF-Grayscale","IBIT":"比特币ETF-iShares","09009":"博时以太币-U","GDLC":"Grayscale CoinDesk Crypto 5 ETF","ETHW":"以太坊ETF-Bitwise","CETH":"以太坊ETF-21Shares","STCE":"Schwab Crypto Thematic ETF","EZET":"以太坊ETF-Franklin","ETHV":"以太坊ETF-VanEck","BITQ":"Bitwise Crypto Industry Innovators ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","ETHU":"2倍以太币期货ETF-Volatility Shares","ETU":"T-Rex 2X Long Ether Daily Target ETF"},"translate_title":"分析师警告称以太币价格将再次下跌，接近关键支撑位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03008":0.64,"ETU":1.5,"EETH":1.5,"EZET":1.5,"AETH":1.5,"YETH":1.5,"BETH":1.5,"QETH":1.5,"BTF":1.5,"CETH":1.5,"FETH":1.5,"03009":0.9,"GDLC":1.5,"09009":1.5,"BITQ":1.5,"LFGY":1.5,"STCE":1.5,"IBIT":0.85,"ETHT":1.5,"ETHU":1.5,"BTC":1,"03439":0.64,"BITW":1.5,"09439":0.64,"NCIQ":0.75,"ETHA":1.5,"ETHW":1.5,"BKCH":1.5,"CRPT":1.5,"BETE":1.5,"METHmain":1.5,"BEGS":1.5,"09046":1.5,"09179":1.5,"ETHD":1.5,"09042":0.64,"03042":0.64,"ETH":1.5,"09008":0.64,"XRP":1,"ETHV":1.5,"ETHE":1.5,"03046":0.9,"BTC.AU":1,"03179":0.9,"ARKY":1.5},"content_text":"Ethereum price has fallen to around $1,630 after losing roughly 4% in the past 24 hours, while fresh technical signals and market-wide liquidations have kept traders focused on the risk of another move toward key support levels.\n\n\nSummary\n\n\n\nEthereum price fell about 4% to near $1,630 as crypto liquidations reached $468 million, and Bitcoin dropped below $62,000.\nAnalyst Ted Pillows warned that failure to reclaim $1,700 could trigger a move toward the $1,540 support zone.\nTechnical indicators remain bearish, with ETH trading below Supertrend resistance near $1,850 and testing long-term support around $1,530.\n\n\n\nAccording to data from crypto.news, Ethereum (ETH) changed hands near $1,628 on June 10, down about 4% over the previous 24 hours. The move coincided with Bitcoin’s (BTC) 4.7% decline to roughly $61,050, which contributed to a 3.5% drop in total crypto market value to around $2.12 trillion. XRP (XRP) also slipped below $1.15, showing that the selloff extended beyond Bitcoin and Ethereum.\nMarket participants linked the decline to weak risk appetite, security-related concerns, and a wave of leveraged liquidations.\nDuring the selloff, Bitcoin fell from roughly $64,100 to as low as $61,049, with analysts continuing to monitor whether the largest cryptocurrency can maintain support above $60,000. A sustained hold above that level could open the door for a recovery toward $63,400, while a breakdown may expose the $58,000 to $59,000 region.\nLiquidations and fund flows increase market pressure\nData from the derivatives market showed that crypto liquidations reached approximately $468 million over the past day. The decline in Bitcoin alone erased about $130 million worth of positions as prices dropped sharply from the $64,100 area.\nLiquidation heatmap data cited by market observers showed roughly $331 million in long liquidations and $1.84 billion in short positions remaining vulnerable to a sudden reversal, highlighting the potential for continued volatility if prices change direction quickly.\nAt the same time, exchange-traded fund activity delivered mixed signals. U.S. spot Bitcoin ETFs recorded net outflows of $91.37 million, while spot Ethereum ETFs attracted $82.37 million in inflows, according to SoSoValue flow data.\nTechnical indicators point to critical Ethereum support\nCommenting on the current market, analyst Ted Pillows said Ethereum has struggled to reclaim the $1,700 level after its latest decline.\nAccording to a chart shared by the analyst, the area acted as a major bottom in February 2026 but has since turned into resistance as sellers continue defending the zone.\n\n“This is the zone where Ethereum bottomed in Feb 2026 and is now acting as a resistance. If ETH fails to reclaim this, a sweep of lows could happen next.”\n\nPillows identified the $1,540 area as the next key support level, warning that a failure to recover above $1,700 could expose Ethereum to another move lower.\nAdditional technical indicators show bearish conditions remain in place. On the daily chart, Ethereum continues to trade below the Supertrend resistance near $1,850, a level that technical traders often monitor for signs of trend reversals.\nEthereum daily price chart — June 10 | Source: crypto.news\nWhile the Stochastic RSI has rebounded from oversold territory and may support a short-term relief bounce, the indicator has not yet confirmed a broader change in direction.\nLonger-term charts point to another important level. Weekly price action shows Ethereum testing support near $1,530, a zone that previously held during major pullbacks in 2023 and 2025.\nEthereum weekly price chart with key support levels — June 10 | Source: crypto.news\nMomentum indicators remain weak, with the weekly MACD staying in bearish territory and the Chaikin Money Flow indicator around negative 0.22, signaling continued capital outflows.\nAccording to the technical setup visible on the weekly chart, a decisive break below $1,530 could expose the next major support level near $1,064.\nAny sustained recovery, however, would likely require Ethereum to reclaim resistance levels around $1,700 and eventually move back above the daily Supertrend near $1,850.\n\n\n\n\n\n                Read more:\n            \n\n                Anthropic launches Claude Fable 5 with new safeguards            \n\n\n\n  \n\n            Disclosure: This article does not represent investment advice. 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