Ethereum liquidation zone seen extending to $1,500 as RSI/MACD stay bearish
Ethereum’s liquidation zone extends to $1,500, with the long-liquidation cluster now concentrating around that level. Analysts warn that if $1,750 fails to hold, forced liquidations could intensify near $1,650 and then at the $1,500 area, increasing short-term volatility.
As of June 4, Ethereum (ETH) traded near $1,772. On the daily chart, ETH remains below the Fibonacci resistance at $2,229, suggesting buyers have not regained control. A key support band sits at $1,750–$1,800; a daily close below it could shift focus to $1,650, and ultimately back to Ethereum’s liquidation zone near $1,500.
Momentum indicators also remain weak. RSI is about 18.44, pointing to oversold conditions, but oversold can persist in a downtrend. MACD stays below its signal line with a negative histogram, and no confirmed recovery is yet visible. For a more bullish scenario, ETH would need to reclaim $1,900 and $2,000 first, before targeting higher resistance levels.
Key levels traders are watching: support $1,750–$1,800, then $1,650; critical liquidation/liquidity zone $1,500. On the upside, resistance sits at $1,900–$2,000, then $2,229 (next thresholds mentioned above include $2,500, $3,055, and $3,340).
Focus: Ethereum’s liquidation zone at $1,500 and whether $1,750 support breaks, as leveraged positioning may drive sharp intraday moves.
Bearish
The article highlights Ethereum’s liquidation zone extending to $1,500 and shows no technical confirmation for a trend reversal (RSI remains extremely low and MACD is still bearish). This combination typically increases the probability of downside continuation because leveraged longs have a defined area where forced selling can cluster. If $1,750 breaks, price may quickly “gap” lower into $1,650 and then $1,500, reflecting liquidity-driven cascades similar to prior liquidation-driven selloffs seen during sustained downtrends.
In the short term, traders may expect higher intraday volatility and weaker rebound attempts until ETH reclaims $1,900–$2,000 and stabilizes momentum (MACD turning up / histogram improving). In the long term, the presence of a large liquidation/liquidity cluster could eventually attract bargain bids once selling pressure exhausts—but that requires confirmation (daily reclaim above key resistance such as $2,229). Until those conditions appear, the dominant signal remains risk-off for Ethereum.