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Ethereum risks further decline after rejecting key resistance but may revisit higher prices first.

Technical Signals
08 Jun 2026
Coinpaper
View Source
Neutral
pluang ai news

Ethereum faces renewed downside risk after failing to break a major weekly resistance level, echoing a previous pattern that led to a multi-month drop. However, technical analysis also points to unfilled price zones above current levels, suggesting a potential short-term rally before any deeper correction. Traders should watch for a clear breakout above resistance to reduce bearish pressure or another rejection that could extend the decline into 2027. The outlook remains mixed with both downside risk and possible recovery zones in play.

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