Published: Jun 25, 2026 at 14:27
Updated: Jun 25, 2026 at 15:09
Ethereum’s price has recovered above the $1,500 support level for the second time.
Ethereum Price Long-Term Analysis: Ranging
On June 6, the cryptocurrency fell below $1,500 for the first time, but buyers took advantage of the losses.
Today, buyers are still defending the bottom price level as the price declines. Ether is expected to continue its sideways trend if it remains above the $1,500 support. The barrier at $1,800 and the 21-day SMA have slowed price increases. Ethereum will remain in its current range as long as buyers keep the price above $1,500.
As Coinidol.com reported yesterday, the Ethereum Foundation (EF) announced cutting 20% of its total workforce and laying off 54 core employees.
Ethereum Indicator Analysis
The extended candlestick tail is currently pointing towards the critical support above $1,500 after a downturn. The ETH price is currently positioned in the middle of its range. The 21-day SMA acts as resistance to the price bars.
The price bars on the 4-hour chart are below the horizontal moving average lines, indicating that the market is moving sideways. There are many uncertain Doji candlesticks, which indicate traders’ indecision.
Technical indicators:
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Resistance Levels: $3,500 and $4,000 -
Support levels: $2,000 and $1,500
What Is the Next Direction for Ethereum?
Ethereum’s price remains range-bound above the $1,500 support. The price is rising but remains stuck in the middle of its range.
ETH is now trading between the $1,500 support level and the horizontal moving average lines. Ether is trading in a confined range below the $1,700 high and the 21-day SMA barrier but above the $1,500 support. When these levels are broken, the largest altcoin will trend.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.