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Ethereum shows a buy signal near $1,600 with potential recovery to $1,800-$1,950 if support holds.

Technical Signals
07 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum's price dropped from $2,300 to around $1,600, triggering a TD Sequential "9" buy signal that suggests sellers may be exhausted but doesn't confirm a trend reversal. On-chain data shows declining ETH reserves on centralized exchanges, indicating reduced selling supply and potential price support. If bulls defend the $1,600 support level, Ethereum could rebound toward the $1,800–$1,950 resistance range. However, failure to hold this support may lead to further declines, making the next moves dependent on market conditions and buyer strength.

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