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Ethereum tests key $1,500 support as selling pressure eases but trend reversal remains uncertain.

Technical Signals
07 Jun 2026
Coinpaper
View Source
Neutral
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Ethereum has fallen back to a critical support zone near $1,500 after losing major weekly moving averages, a level that previously held in late 2023 and April 2025. While selling pressure appears to be easing, with net position delta showing less bearishness, open interest remains flat, indicating no strong new buying yet. This suggests that although the aggressive selloff may be losing momentum, a full trend reversal is not confirmed. Holding above $1,500 is crucial for potential stabilization, but a break below could lead to deeper declines.

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