Published: Jun 05, 2026 at 01:38
Ethereum has fallen to $1,715 after losing its critical support above $2,000.
Ethereum Price Long-Term Analysis: Bearish
On May 28, the bears breached this crucial level, extending the decline to a low of $1,960. Over the past five days, Ether’s price has fluctuated between the $1,960 low and the $2,000 high. The previous $2,000 support now acts as resistance, hindering upward momentum and contributing to the decline.
Today, the bearish trend broke through the $1,960 support level. On the downside, sellers are expected to push the price back to previous lows of $1,800 and $1,700. At the time of writing, Ether price is $1,779.
Technical indicators:
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Resistance Levels: $3,500 and $4,000 -
Support levels: $2,500 and $2,000
Ethereum Indicator Analysis
The horizontal moving average lines are currently trending downwards. The 21-day SMA is below the 50-day SMA, indicating a downtrend. The cryptocurrency price has slipped below its moving average lines.
On the 4-hour chart, both the 21-day and 50-day SMAs have moved significantly lower towards the bottom of the chart.
What Is the Next Direction for Ethereum?
Ethereum is declining as it approaches its low of $1,700. On February 5 and 24, the largest altcoin fell above $1,800, but bulls bought the dips. Ether is about to reach the bottom of its chart for the fourth time.
Today, the cryptocurrency price reached a low of $1,715 as bulls bought the dips. The altcoin is trading within a range above the $1,700 support and below the moving average lines.
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.