Ethereum Price Prediction: Bulls Hold $1,700–$1,800 While $1,580 Risk Builds

Published: 2026-06-19 08:27:49 |

Ethereum price analysis is split after ETH held the $1,700–$1,800 zone, but traders now watch a potential drop toward $1,580. Ali Martinez warns that Ethereum has lost short-term support. He says ETH fell below the 200-hour simple moving average (SMA) and is breaking down from an ascending channel pattern. On the 1-hour ETH/USD chart, price is near $1,691, with possible supports around $1,660 and $1,580. Martinez’s view implies that if sellers keep control and ETH breaks below both the channel support and the 200-hour SMA, ETH could extend lower. CryptoWZRD, however, argues the recovery setup can stay alive as long as Ethereum maintains the $1,700–$1,800 support range. On the daily ETH/USDT chart, ETH is around $1,713 after rebounding from lows near $1,500. The analyst suggests holding above $1,700–$1,800 would be constructive and could support upside toward resistance near $2,100 and $2,200, though a descending trend line still needs to be overcome. Near-term direction may also depend on post-FOMC market digestion. Traders will likely react to whether Ethereum can reclaim the broken levels to invalidate the bearish scenario, or whether the $1,580 move unfolds. ETH remains the key battleground between $1,700–$1,800 support and downside risk toward $1,580.

Bearish

The article highlights a clear bearish trigger for Ethereum: Ali Martinez points to ETH trading below the 200-hour SMA and breaking down from an ascending channel. That combination historically tends to weaken short-term momentum and increases the probability of a leg lower toward the cited $1,580 support. Although CryptoWZRD offers a bullish conditional view (holding $1,700–$1,800 keeps a recovery plan intact), the market is currently in a “decision zone” where failing to reclaim broken levels would likely accelerate sell pressure. In similar past ETH technical setups, once price loses a widely watched moving average and channel structure, rebounds often struggle to sustain until the prior breakdown area is reclaimed. Therefore, near-term expectations skew to downside risk and volatility, while a sustained hold above $1,700–$1,800 would be the key factor to flip the tone back toward bullish. Until that confirmation, traders may treat $1,700–$1,800 as the line in the sand and $1,580 as the next meaningful downside magnet.