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>>Ethereum price appears vulnerable again following an unsuccessful recovery attempt.

Ethereum price appears vulnerable again following an unsuccessful recovery attempt.

crypthub

6/10/2026, 4:00:54 AM

Current Price Action and Decline

Ethereum has started a significant downside correction, failing to hold above the $1,700 resistance level. The price currently trades below $1,680 and the 100-hourly Simple Moving Average. This move saw a break below the established bullish trend line, confirming immediate downward pressure.

Resistance and Potential Upside

Any attempt to reverse the decline requires clearing the key resistance near $1,665 and $1,680. A major breakthrough above $1,710 is necessary for continued gains. A sustained move past $1,750 could potentially push the price toward the $1,840 zone.

Support Levels and Bearish Momentum

On the downside, initial support is located near $1,610. Major support zones are identified at $1,585 and the robust $1,500 level. Technical indicators show bearish momentum, confirmed by the MACD gaining ground in the bearish zone and RSI staying below 50.