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Ethereum price drops 4% to $1,630 amid $468M crypto liquidations and bearish signals.

Technical Signals
09 Jun 2026
Crypto news
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Bearish
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Ethereum's price fell about 4% to around $1,630 following a $468 million wave of crypto liquidations, alongside Bitcoin's drop below $62,000. Technical indicators remain bearish, with Ethereum struggling to reclaim the $1,700 resistance level, which could lead to a further decline toward the $1,540 support zone. Market-wide risk aversion and leveraged liquidations have intensified volatility, while key support levels near $1,530 and $1,064 are being closely watched. A sustained recovery would require Ethereum to break above $1,700 and the daily Supertrend resistance near $1,850.

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