Overview
- Ether fell to roughly $1,500–$1,700 on June 5–6, with intraday lows reported near $1,500 and a session low of $1,625, marking the weakest levels since April 2025.
- Price broke the $1,800–$1,825 higher‑timeframe support, exposing near‑term targets around $1,600 and $1,400 and prompting analysts to warn that a move below $1,400 could open a path toward $1,000–$1,100.
- U.S. spot ETH ETFs recorded sizable net outflows — about $540 million in May and another $168 million in early June — which removed a steady source of buy-side demand and intensified selling pressure.
- On‑chain data show a mixed picture: exchange reserves are falling and staking demand remains strong, while a CryptoOnchain Hidden Markov Model labels the regime as accumulation, but a negative Coinbase premium indicates U.S. institutional demand has not returned.
- Derivatives and leverage amplified the decline as long liquidations and collapsing open interest removed bullish positions, so a durable rebound will likely require reclaimed price above broken resistance near $1,800 together with renewed institutional inflows.