ETH Market Analysis 2026.06.09
On June 5th, we identified a support level at 1500, and ETH subsequently dipped to 1505.68 before bouncing back. Has the bounce peaked?
The key area to watch is the 1585-1595 range (illustrated by the red support zone). If this level holds throughout the week, there’s still hope for a larger bounce in ETH. The 1505.68-1721.93 range was just the first wave of the rebound, and the movement starting from 1721.93 represents a retracement of that rise. Once we find the end of that retracement, another bounce of a similar magnitude could follow;
However, if we break below the 1585-1595 range this week and fail to reclaim it, then the 1505.68-1721.93 range might be all the upside we get. In that scenario, it would be a smaller bounce countering the downward move indicated by the blue line in the chart. If this plays out, ETH might see lower lows by late June or early July.
As it stands, we haven’t broken any critical levels in either direction, so we’ll continue to keep our eyes peeled. #ETH走势分析 $ETH
On June 5th, we identified a support level at 1500, and ETH subsequently dipped to 1505.68 before bouncing back. Has the bounce peaked?
The key area to watch is the 1585-1595 range (illustrated by the red support zone). If this level holds throughout the week, there’s still hope for a larger bounce in ETH. The 1505.68-1721.93 range was just the first wave of the rebound, and the movement starting from 1721.93 represents a retracement of that rise. Once we find the end of that retracement, another bounce of a similar magnitude could follow;
However, if we break below the 1585-1595 range this week and fail to reclaim it, then the 1505.68-1721.93 range might be all the upside we get. In that scenario, it would be a smaller bounce countering the downward move indicated by the blue line in the chart. If this plays out, ETH might see lower lows by late June or early July.
As it stands, we haven’t broken any critical levels in either direction, so we’ll continue to keep our eyes peeled. #ETH走势分析 $ETH