--- title: "Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt" type: "News" locale: "en" url: "https://longbridge.com/en/news/289269133.md" description: "Ethereum faces vulnerability after a failed recovery, trading below $1,665 and the 100-hourly SMA. Bears pushed prices below key support at $1,700 and the 38.2% Fib level. While bulls defended $1,610, immediate resistance lies near $1,665-$1,680. A break above $1,710 could target $1,750, while failure may lead to declines toward $1,585 or $1,550. Technical indicators like MACD and RSI remain bearish." datetime: "2026-06-10T03:48:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289269133.md) - [en](https://longbridge.com/en/news/289269133.md) - [zh-HK](https://longbridge.com/zh-HK/news/289269133.md) --- # Ethereum Price Looks Vulnerable Again After A Failed Recovery Attempt _Ethereum price started a downside correction from $1,720. ETH must clear the $1,670 and $1,700 resistance levels to continue higher._ - Ethereum started a downside correction below the $1,620 zone. - The price is trading below $1,665 and the 100-hourly Simple Moving Average. - There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD (data feed via Kraken). - The pair could continue to move down if it stays below the $1,680 zone. **Ethereum Price Resumes Decline** Ethereum price failed to stay above the $1,700 zone and extended its decline, like Bitcoin. ETH price gained pace for a move below the $1,680 and $1,665 levels. There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD. The bears pushed the price below the 38.2% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high. However, the bulls were active near the $1,610 level. Ethereum price is now trading below $1,680 and the 100-hourly Simple Moving Average. If the bulls remain in action above $1,610, the price could attempt another increase. Immediate resistance is seen near the $1,665 level. The first key resistance is near the $1,680 level. The next major resistance is near the $1,710 level. A clear move above the $1,710 resistance might send the price toward the $1,750 resistance. An upside break above the $1,750 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $1,840 resistance zone or even $1,850 in the near term. **Downside Continuation In ETH?** If Ethereum fails to clear the $1,710 resistance, it could start a fresh decline. Initial support on the downside is near the $1,610 level. The first major support sits near the $1,585 zone or the 61.8% Fib retracement level of the upward move from the $1,505 swing low to the $1,719 high. A clear move below the $1,585 support might push the price toward the $1,550 support. Any more losses might send the price toward the $1,520 region. The main support could be $1,500. Technical Indicators Hourly MACD **–** The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI **–** The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,550 Major Resistance Level – $1,710 ### Related Stocks - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [ETHHKD.VAHK](https://longbridge.com/en/quote/ETHHKD.VAHK.md) - [ETHUSD.VAHK](https://longbridge.com/en/quote/ETHUSD.VAHK.md) ## Related News & Research - [Ethereum hovers near $1,700 as Bankless co-founder sells](https://longbridge.com/en/news/288865701.md) - [Eightco Reports ~$437M Treasury Including $90M OpenAI, 283M WLD, 16,278 ETH](https://longbridge.com/en/news/288725417.md) - [13:13 ETBitmine Immersion Technologies (BMNR) anuncia que sus tenencias de ETH alcanzan los 5,42 millones de tokens](https://longbridge.com/en/news/288460854.md) - [Tom Lee: 'ETH's Price Doesn't Reflect The Strengthening Of Ethereum's Fundamentals'](https://longbridge.com/en/news/288302779.md) - [BitMine nears 5% ETH supply goal with $52M purchase](https://longbridge.com/en/news/288429601.md)