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Ethereum drops 4% to $1,628 amid crypto market sell-off and $1.1B liquidations in a day

Technical Signals
10 Jun 2026
Blockonomi
View Source
Bearish
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Ethereum's price fell 4% to about $1,628 following a broad cryptocurrency market correction that wiped $1.1 billion in liquidations in 24 hours. The $1,700 level, once support, is now resistance, signaling bearish pressure with potential to test $1,600 and possibly $1,500 if the downtrend continues. Bitcoin also declined, and Ethereum ETFs saw inflows despite Bitcoin ETF outflows, indicating mixed investor sentiment. Traders watch key levels at $1,700 resistance and $1,600 support for signs of market direction.

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