Ethereum Drops to Lows Near $1,500 Amid Heavy Selling Pressure

Ethereum (ETH) has remained under considerable pressure throughout June, losing nearly 20% over the past month and extending its year-to-date decline to more than 45%. Although ETH experienced a modest recovery during the first half of June, renewed selling momentum across the cryptocurrency market pushed its price back toward the $1,500 region by the end of the month.

With market sentiment still cautious amid macroeconomic uncertainty and geopolitical tensions, traders are now watching closely to see whether Ethereum can build a base for recovery or whether further downside remains possible.

Ethereum (ETH) price target

ETHUSD - 1 Day Time Frame

At the time of writing, Ethereum is trading slightly above $1,600, holding above a key support zone around $1,500. This area marks a new low for 2026 and has also acted as an important support level in early June 2026 and previously in April 2025, making it a significant level for buyers to defend.

The nearest resistance is located around $1,850. This level served as support throughout February and March 2026 before turning into resistance following the recent decline. A sustained move above this zone could improve short-term sentiment and suggest that buyers are beginning to regain control.

Ethereum (ETH) price target

If Ethereum manages to break above $1,850 and establish the level as support, the next upside target could emerge around $2,050. A successful move beyond this resistance may then open the door to a test of $2,450, a level last reached in April 2026. While this represents a more optimistic scenario, it would likely require broader cryptocurrency market sentiment to improve alongside stronger buying momentum.

On the downside, failure to hold the $1,500 support zone could expose Ethereum to another wave of selling pressure and increase the likelihood of further short-term weakness until a new support area is established.

For now, Ethereum remains caught between a well-defined support level and nearby resistance after an extended period of market weakness. Its next significant move will likely depend not only on its own technical structure but also on broader cryptocurrency market sentiment, macroeconomic developments, and geopolitical events that continue to influence investor confidence.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.