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Ethereum drops nearly 5%, breaking key support; network activity hits record highs in Q1 2026.

Technical Signals
19 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

Ethereum's price fell about 5% to around $1,682, breaking important trendline support and nearing a $1,500 support zone. Despite the price drop, Ethereum's network fundamentals surged in Q1 2026, with record monthly active addresses (13.2 million) and transaction volume (200.4 million). Tokenized commodity assets on Ethereum grew 60% to $4.7 billion, mainly driven by Gold tokens. Market sentiment appears muted with reduced options open interest and stable ETF flows, suggesting potential for sharp moves when new catalysts arise.

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