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Ethereum dips below $2,000 amid $1.35B long liquidations; a bounce to $1,800 could spark a rally soon.

Market News
02 Jun 2026
FXEmpire
View Source
Bullish
pluang ai news

Ethereum recently fell nearly 5%, dropping below $2,000 as $1.35 billion in long crypto positions were liquidated amid rising geopolitical tensions and weak investor sentiment. Despite this, technical analysis shows a strong buy signal if ETH retests the $1,800 support level, historically followed by significant rallies. The article expects a potential price surge over the next 3 to 6 months, with a long-term target between $5,400 and $6,000 based on past cycles. Macroeconomic strength and geopolitical risks are currently weighing on crypto markets but may set the stage for a rebound.

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