Ethereum traded near $1,777.96 on June 4 after falling 5.07% in 24 hours, according to crypto.news price data.
summary
- Ethereum price fell below $1,800 as sellers tested the $1,825 channel floor and key support area.
- The RSI and Supertrend remain bearish, but stock exchange and bond supply data show a tightness in available supply.
- Analysts are now watching $1,700, $1,500, $2,022, and $2,360 as the next key price levels today.
The token also lost 10.21% over seven days as the broader cryptocurrency market remained under pressure.
The latest move pushed ETH below the $1,825 area monitored by analyst Ali Martinez. It also placed the asset near its weakest area since April 2025, when ETH price fell toward $1,400 before recovering.
Ethereum price loses the $1,825 channel floor
Ali Martinez said that Ethereum reached its target of $1,825 after falling to the bottom of its channel. He described the region as a critical ground that could decide the next major step.
“If $1,825 holds, expect a strong bounce back towards $2,070 or even $2,360,” Ali Charts wrote. He also said that a close below $1,825 would weaken support and potentially send ETH towards $1,500.
crypto.news live news feed Show ETH is below this level, with a 24-hour range between $1,734.05 and $1,886.55. This range shows that buyers tried to defend the lower area, but sellers continued to put pressure on the daily chart.
The market capitalization of Ethereum reached approximately $215.14 billion, while the 24-hour trading volume reached $25.76 billion. The token is still down 64.05% from its all-time high on August 24, 2025 at $4,946.05.
Technical indicators are still in favor of sellers
The super trend remains bearish, with an active red line near $2,022.09. Since ETH is trading below this level, the indicator shows that sellers are still in control of the current trend.
For the chart to improve, ETH will need to reclaim the $2000 to $2022 area and hold it on the daily chart. Without this movement, any short bounce may remain part of a weak trend.
The RSI is at 18.61, which puts Ethereum deep in the oversold zone. This reading shows strong downward momentum, but the oversold level does not confirm a bounce in and of itself.
The RSI moving average stands near 31.13, above the current RSI. This gap shows that momentum has weakened quickly and that buyers have not regained control yet.
The MACD remains bearish as well. The MACD line is located near -2,917.77, below the signal line near -1,584.86, while the histogram is negative near -1,332.92.
A stronger recovery signal will need the MACD line to flatten and get closer to the signal line. Until then, momentum remains weak even as ETH is significantly oversold.
The on-chain data gives a mixed signal
Leon Weidmann said that Ethereum’s price action appears weak, but on-chain data gives a different message. He noted that the value of ETH on exchanges has fallen near 15.1 million, the lowest level in several years.
He also said that Ethereum’s signature rate reached a new all-time high of 32.42%. More ETH in staking can reduce the liquid supply as holders lock tokens to secure the network and earn rewards.
Ali Martinez also reported that Ethereum processed Transaction volume reached $9.92 billion on June 2. He said this represented the largest single-day increase in network activity in two months.
This creates a divided picture for traders. Price action shows weakness, while exchange and staking balances and transaction data show that users continue to hold and move ETH and stakes across the chain.
Ditto I mentioned By crypto.news Ethereum staking is becoming a bigger part of institutional treasury activity. More than 36 million ETH were staked earlier this year, with public companies also building ETH return strategies.
This does not remove short-term selling pressure. It shows that Ethereum network activity and bearer behavior remain different from the current chart trend.
Treasury losses and price levels remain in the spotlight
The recent sell-off also comes as some Ethereum treasury strategies face losses. Nasdaq-listed FG Nexus bought 50,770 Ethereum for about $196 million between August and September 2025, Lookonchain said.
The company paid an average price of around $3,860 and began selling in November. It has now sold 36,025 ETH at an average price of around $2,330, and has recovered around $83.92 million.
According to on-chain reports, cumulative losses on the FG Nexus Ethereum treasury strategy have exceeded $85 million. The company had previously described ETH as the primary treasury reserve asset.
As crypto.news previously reported, other Ethereum treasuries also faced losses during the weakest quarter. Sharp Link I mentioned $506.7 million in unrealized ETH losses and $191.7 million LsETH impairment charges in the first quarter.
Ethereum’s first negative zone is now between $1,700 and $1,717. A clear break below that area will increase interest in the $1,500 area, which is the level Ali Martinez called after losing support at $1,825.
The deepest historical support area remains near $1,400, where ETH found its bottom in April 2025. This level could come back into focus if the broader market sell-off continues and buyers fail to defend $1,500.
On the upside, ETH needs to reclaim $1,825 first. A stronger recovery would require a daily move above $2,000 and a Supertrend area near $2,022.
A subsequent push toward $2,070 would show that buyers are rebuilding control. A move to $2,360 will need stronger volume and a clear shift in momentum from the RSI and MACD.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
