Ethereum (ETH) is holding above its lower range floor, but analysts say a break below $1,500 remains a clear risk.
Key Points:
- Ethereum lost support near $1,800 and moved into the lower part of its range.
- The $1,450 to $1,550 demand zone remains the key support area.
- A relief rally toward $1,820 to $1,900 could still fail if sellers defend resistance.
Ethereum Support
Analyst Shayan Markets said on Jun. 10 that ETH remains under selling pressure after losing the $1,800 region and sliding toward its lower demand zone.
The daily chart places Ethereum inside a broad range, with resistance near $1,750 to $1,850 and support around $1,450 to $1,550. Buyers defended the lower zone near $1,500, stopping a deeper breakdown for now.
The asset still trades below its long-term descending trendline and the 100-day and 200-day moving averages, which keeps the broader structure bearish.
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Resistance Cluster
On the four-hour chart, the rebound from $1,500 looks corrective because ETH remains below key Fibonacci retracement levels from the latest decline.
The main resistance cluster sits between $1,820 and $1,900, where sellers may return if the relief rally continues. The Binance liquidation heatmap also shows dense liquidity between $1,700 and $1,800.
A rejection near $1,820 to $1,900 would make the rebound look like another bearish retest, while a break above $1,900 could open a move toward $2,000 to $2,050.
Ethereum’s recent swings have followed the same range, with buyers defending $1,450 to $1,550 and sellers capping recoveries near $1,750 to $1,900.
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