{"id":105750,"date":"2026-06-18T13:06:58","date_gmt":"2026-06-18T13:06:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=105750"},"modified":"2026-06-18T13:06:58","modified_gmt":"2026-06-18T13:06:58","slug":"ethereum-price-analysis-sellers-remain-in-control-as-eth-recovery-hits-a-wall","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=105750","title":{"rendered":"Ethereum Price Analysis: Sellers Remain in Control as ETH Recovery Hits a Wall"},"content":{"rendered":"
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Ethereum has been under pressure across higher and lower timeframes over the past few weeks. While the price has staged a relief bounce from recent lows near $1.5K, the broader structure continues to favor sellers as ETH trades beneath major moving averages and inside a long-term descending channel. At the same time, exchange reserve data continues to trend lower aggressively, suggesting persistent supply withdrawal from centralized exchanges despite the weak price action.<\/p>\n

Ethereum Price Analysis: The Daily Chart<\/h2>\n

On the daily timeframe, ETH remains trapped inside the long-term descending channel that has governed the price action for several months. The recent rebound from the $1.5K support zone allowed buyers to recover part of the latest selloff. However, the bounce has so far failed to alter the broader bearish market structure.<\/p>\n

The most important resistance sits between $2K and $2.2K, which is highlighted by the confluence of the 100-day moving average and a major supply zone. A daily close above this region would be the first meaningful signal that downside momentum is shifting and could open the door toward the $2.4K highs, where the 200-day moving average also currently resides. Until that happens, ETH will likely continue to print lower highs and lower lows. The inability to reclaim the $2K-$2.2K resistance zone keeps the broader trend bearish.<\/p>\n

On the downside, the $1.5K support region remains the key level to watch. This zone recently attracted strong demand and produced the latest recovery. A breakdown below it would expose the lower boundary of the descending channel and potentially trigger another leg lower toward the $1K region. The RSI has also recovered from oversold conditions but remains below bullish territory, suggesting that the recent rebound appears corrective rather than the beginning of a sustained trend reversal.<\/p>\n

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ETH\/USDT 4-Hour Chart<\/h2>\n

The 4-hour chart shows a more constructive short-term structure. Following the sharp selloff into the $1.5K demand zone, ETH has formed a series of higher lows, supported by a rising trendline that has guided the recovery over the past two weeks.<\/p>\n

The rebound culminated in a strong impulsive move toward the $1.85K decision area, where sellers quickly re-entered the market. Since reaching that level, price has struggled to push higher again and has begun consolidating beneath resistance.<\/p>\n

Currently, ETH is trading near $1.75K while holding just above the short-term ascending trendline. This creates a near-term inflection point. As long as the trendline remains intact, buyers may attempt another push toward the $1.85K resistance zone.<\/p>\n

A successful breakout above that area would significantly improve short-term sentiment and could accelerate a move toward the higher-timeframe supply zone around $2K.<\/p>\n

Conversely, losing the ascending trendline would likely invalidate the recent recovery structure and shift focus back toward the $1.5K support area. A breakdown below that zone would restore full bearish control and increase the probability of continuation toward much lower price levels.<\/p>\n

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On-Chain Analysis<\/h2>\n

Ethereum\u2019s exchange reserve continues to decline aggressively, reaching approximately 14.6 million ETH. The metric has been trending downward since mid-2025, even as the price has experienced substantial volatility.<\/p>\n

A falling exchange reserve generally indicates that coins are being withdrawn from trading venues, reducing immediately available sell-side liquidity. Historically, sustained reserve declines tend to be viewed as a constructive long-term signal because they reflect accumulation and self-custody behavior among market participants.<\/p>\n

However, the current divergence is noteworthy. Despite exchange balances falling to new lows, ETH remains unable to establish a bullish market structure. This suggests that macro sentiment and broader market conditions continue to outweigh the positive supply dynamics in the short term.<\/p>\n

Nevertheless, if demand returns while exchange reserves remain near record lows, the reduced available supply could amplify future upside moves. For now, the on-chain backdrop remains structurally supportive, even though the technical picture still requires ETH to reclaim the $2K resistance region before a larger bullish reversal can be confirmed.<\/p>\n

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The post Ethereum Price Analysis: Sellers Remain in Control as ETH Recovery Hits a Wall<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum has been under pressure across higher and lower timeframes over the past few weeks. While the price has staged a relief bounce from recent lows near $1.5K, the broader structure continues to favor sellers as ETH trades beneath major moving averages and inside a long-term descending channel. At the same time, exchange reserve data […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-105750","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/105750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105750"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/105750\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}