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Ethereum tests key $1,650-$1,700 resistance amid ETF outflows and strong staking demand.

Market News
14 Jun 2026
Blockonomi
View Source
Neutral
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Ethereum is trading near a critical resistance zone between $1,650 and $1,700, with traders closely watching volume to avoid a bull trap. Despite weekly outflows from U.S. spot Ethereum ETFs, institutional interest remains, highlighted by Bitmine Immersion Technologies increasing its holdings. Staking demand is strong, with nearly 3 million ETH queued to join validators, reflecting confidence in the network. Upcoming upgrades like the Glamsterdam hard fork aim to enhance scalability and security, keeping Ethereum's ecosystem development in focus as price action remains cautious.

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