Ethereum

2026

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<p><a href="https://en.coin-turk.com/ethereum-etfs-attract-major-funds-and-outperform-bitcoin/" rel="noopener noreferrer nofollow">Ethereum</a> experienced one of its sharpest downturns in recent years, plummeting briefly to $1,500 in June 2026. This marks a staggering 70 percent decline from its all-time high of $4,953 recorded in August 2025. The price then rebounded above $1,620, fueling debates across the market on whether this level represents a true bottom or if a deeper slide toward $1,000 is on the horizon.</p><h2 id="main-triggers-behind-the-decline">Main triggers behind the decline</h2><p>Multiple factors were at play in driving the recent sell-off. Strong U.S. employment data diminished expectations of an imminent Federal Reserve rate cut. At the same time, rising geopolitical tensions between the U.S. and Iran further dampened risk appetite. Large-scale outflows from spot <a href="https://en.coin-turk.com/bitcoin-may-see-a-rise-again-despite-its-recent-dip-below-31000/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs were mirrored by similar withdrawals from Ethereum ETFs. Amid this turmoil, over $1 billion in leveraged crypto positions was liquidated, with long ETH positions bearing the brunt.</p><blockquote><p>Ethereum sank to $1,500 in June 2026, retreating nearly 70 percent from its August 2025 high of $4,953. The coin later saw a limited recovery above $1,620.</p></blockquote><p>Backed by the Ethereum Foundation, the Ethereum network remains the largest blockchain for smart contracts and decentralized applications. As a result, volatility in ETH pricing reverberates not only in spot markets but throughout the wider crypto ecosystem.</p><h2 id="why-ethereum-s-drop-surpassed-bitcoin-s">Why Ethereum’s drop surpassed Bitcoin’s</h2><p>While Bitcoin’s correction was contained at around 50 percent during the same period, Ethereum’s decline was notably more intense. Analysts attribute this to ETH’s inherently higher volatility, a protracted weakening in the ETH/BTC ratio, and the relatively lukewarm institutional demand for Ethereum ETFs compared to their Bitcoin counterparts.</p><p>Leverage also accelerated ETH’s slide. The concentration of long positions in Ethereum heightened the wave of liquidations in June, amplifying downward pressure and sending the price lower in a short span.</p><blockquote><p>Crypto analyst Crypto Patel cautioned against panic selling and revealed that he personally accumulates ETH gradually between $1,550 and $1,000, recognizing that predicting the absolute bottom is nearly impossible.</p></blockquote><p>On social media, Crypto Patel suggested that in a worst-case scenario, Ethereum could reach $1,000, yet maintains conviction that a long-term rally toward $10,000 to $20,000 remains possible. He also predicted a new surge in the altcoin market may emerge between 2026 and 2027.</p><h2 id="key-support-and-resistance-levels">Key support and resistance levels</h2><p>Following the rebound from $1,500, ETH is now struggling to hold above its 100-hour moving average. Immediate resistance sits at $1,700, with a more critical barrier at $1,750. This latter level coincides with the 50 percent Fibonacci retracement of the prior drop from $2,005 to $1,505.</p><p>Mini glossary: Fibonacci retracement is a tool in technical analysis used to gauge which price levels might act as pauses or reversals after a sharp move. Investors often track these points as potential support or resistance areas.</p><p>Should ETH surpass $1,750, watch for resistance at $1,800 and $1,885, while $2,000 remains a critical psychological level. If upward momentum falters, $1,620 and $1,600 may emerge as fresh support zones, and below that, $1,500 stands out as the primary floor.</p><table><thead><tr><th>Asset/level</th><th>Data</th><th>Significance</th></tr></thead><tbody><tr><td>Ethereum peak</td><td>$4,953, August 2025</td><td>Reference point</td></tr><tr><td>Ethereum trough</td><td>$1,500, June 2026</td><td>Key support zone</td></tr><tr><td>Near resistance</td><td>$1,700 and $1,750</td><td>Crucial for rebound</td></tr></tbody></table><h2 id="eth-s-impact-on-institutional-balance-sheets">ETH’s impact on institutional balance sheets</h2><p>Holdings of ETH on corporate treasury balances are also drawing attention. BitMine reportedly faces nearly $9.58 billion in unrealized ETH losses, while SharpLink has around $1.59 billion. Neither company indicated plans for forced sales, yet these figures illustrate the scale of risk such corrections present to corporate balance sheets.</p><p>As of early June 2026, ETH traded near $1,620, with buying interest seeking to keep prices above $1,600. Going forward, the direction for Ethereum is expected to hinge on both Bitcoin’s performance and the ETH/BTC price ratio.</p><p>The post <a href="https://en.coin-turk.com/ethereum-dips-70-percent-from-peak-to-1500-in-june/" rel="noopener noreferrer nofollow">Ethereum dips 70 percent from peak to $1,500 in June</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum dips 70 percent from peak to $1,500 in June

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