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Ethereum hovers near $1,570 amid ETF outflows and whale selling pressure, risking deeper losses below $1,583.

Market News
28 Jun 2026
Crypto news
View Source
Bearish
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Ethereum is trading near $1,570 after a weekend of low volatility, pressured by continued ETF outflows and significant whale selling totaling about 550,000 ETH this week. These factors have kept buyers cautious, with $1,583 identified as a critical support level; a drop below this could lead to further declines toward $1,237 or lower. Analysts are divided, with some warning of potential falls below $1,000 if confidence weakens, while others see buying opportunities below $1,800 for long-term accumulation. Overall, despite some buying activity, Ethereum remains in a bearish trend until it can break above $1,800 decisively.

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