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Ethereum hits new yearly low near $1,680 amid heavy sell-offs and ETF outflows.

Technical Signals
05 Jun 2026
Crypto news
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Bearish
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Ethereum price dropped to a new yearly low near $1,680 due to heavy liquidations, ETF outflows, and a major technical breakdown below key support levels. Over $1.2 billion in crypto positions were liquidated in a day, adding selling pressure, while spot Ethereum ETFs ended a 17-day outflow streak with modest inflows. Analysts see $1,600 and $1,500 as critical support levels, with risks of further declines if these fail to hold. Market sentiment remains weak amid macroeconomic pressures and geopolitical risks, keeping Ethereum in a bearish trend until it recovers above $1,825 and $1,975 resistance zones.

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