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Ethereum falls to 2021 lows against QQQ, must reclaim $2,111 to revive bullish trend.

Technical Signals
02 Jun 2026
Coinpaper
View Source
Bearish
pluang ai news

Ethereum has dropped to its lowest relative level against the Invesco QQQ Trust since January 2021, indicating it is underperforming the tech-heavy ETF. The ETH to QQQ ratio has fallen to around 2.66, a level not seen in over two years, signaling weakening relative strength. Additionally, Ethereum broke below its rising price channel and the key $2,111 support level, which now must be reclaimed to validate a recovery. If ETH fails to regain this level, the bearish breakdown remains active, with potential further downside toward $1,954. A successful reclaim could push prices toward $2,676, but for now, Ethereum shows signs of weakness compared to QQQ.

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