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Ethereum Price Today Is $1,764: Will ETH Rebound or Continue to Fall?
- On 4 June, Ethereum was trading near $1,764 after falling 6.04% over 24 hours.
- Over the past seven days, the token also lost 10.21%, as the broader cryptocurrency market remained under pressure.
The latest price movement pushed $ETH below the $1,800 level watched by analyst Ali Martinez. It also brought the asset closer to its weakest zone since April 2025, when $ETH fell to $1,400 before a recovery rebound followed.
Ethereum Price Broke the Lower Boundary of the Channel at $1,825
Ali Martinez said that Ethereum had reached its $1,825 target after correcting to the lower boundary of the channel. He called this level critically important, as it may determine the next major move.
“If the $1,825 level holds, expect a confident rebound upwards to $2,070 or even $2,360,” Ali wrote. He also noted that a close below $1,825 would weaken support and likely push $ETH towards $1,500.
$ETH is trading below this level, showing a 24-hour range between $1,734.05 and $1,886.55. This range suggests that buyers tried to hold the lower boundary, but sellers continued to apply pressure on the daily chart.
Ethereum’s market capitalisation stood at around $215.14 billion, while 24-hour trading volume reached $25.76 billion. The token’s price is still 64.05% below its all-time high of $4,946.05, recorded on 24 August 2025.
Technical indicators still point to an advantage for sellers.
The Supertrend remains bearish, with the active red line located near $2,022.09. Since $ETH is trading below this level, the indicator shows that sellers still control the current trend.
To improve the chart structure, $ETH needs to reclaim the $2,000–2,022 area and hold it on the daily chart. Without this, any short-term rebound may remain part of a weak trend.
The Relative Strength Index (RSI) stands at 18.61, indicating that Ethereum is deeply oversold. This value points to strong downward momentum, but the oversold level alone does not guarantee a rebound.
Ethereum ($ETH) price chart, source: crypto.news.
The RSI moving average is near 31.13, above the current RSI value. This gap shows that momentum has weakened quickly and that buyers have not yet regained control of the situation.
The MACD indicator also maintains a bearish trend. The MACD line is near -2,917.77, below the signal line at around -1,584.86, while the histogram is negative at around -1,332.92.
For a stronger recovery signal, the MACD line needs to flatten and move closer to the signal line. Until then, momentum remains weak, even with $ETH deeply oversold.
On-Chain Data Gives a Mixed Signal
Leon Waidmann said that Ethereum’s price action looks weak, but on-chain data suggests the opposite. He pointed to a decline in the amount of $ETH on exchanges to around 15.1 million, which is a multi-year low.
He also said that Ethereum’s staking rate had reached a new all-time high of 32.42%. An increase in the amount of staked $ETH may reduce the supply of liquid assets, as holders lock tokens to secure the network and receive rewards.
Ali Martinez also reported that on 2 June, the Ethereum network processed $9.92 billion worth of transactions. According to him, this was the largest single-day spike in network activity in two months.
This creates a mixed picture for traders. Price action shows weakness, while exchange balances, staking data and transaction activity indicate that users continue to hold, stake and move $ETH on-chain.
Ethereum staking has begun to account for an increasingly large share of institutional investor activity. Earlier this year, more than 36 million $ETH was staked, while public companies have also been developing strategies to generate income from $ETH.
This does not remove short-term selling pressure. However, it shows that Ethereum’s network activity and holder behaviour still differ from the current chart trend.
$ETH Treasury Losses and Price Levels Remain in Focus
The latest sell-off is also taking place against the backdrop of losses suffered by some Ethereum treasury investment strategies. Lookonchain reported that Nasdaq-listed FG Nexus purchased 50,770 $ETH for around $196 million between August and September 2025.
The company paid an average of around $3,860 and then began selling in November. So far, it has sold 36,025 $ETH at an average price of around $2,330, receiving about $83.92 million.
According to on-chain reports, the total losses from FG Nexus’s Ethereum treasury management strategy have exceeded $85 million. The company had previously described $ETH as its main reserve asset.
As crypto.news previously reported, other companies involved in Ethereum treasury operations also suffered losses during this weaker quarter. SharpLink reported unrealised losses of $506.7 million on $ETH and an asset write-down of $191.7 million on LsETH in the first quarter.
The first downside zone for Ethereum is now around $1,700–1,717. A break below this zone would draw attention to the $1,500 level, which Ali Martinez identified after the $1,825 support level was broken.
The deeper historical support zone remains near $1,400, where $ETH reached its low in April 2025. This level may come back into focus if the broader market sell-off continues and buyers fail to hold the $1,500 mark.
On the other hand, $ETH first needs to reclaim the $1,825 level. A stronger recovery would require a daily break above $2,000 and a move out of the Supertrend zone near $2,022.
Further movement towards $2,070 would indicate that buyers are regaining control. Reaching $2,360 would require an increase in trading volume and a clear shift in momentum relative to the RSI and MACD
See also: "Bitcoin Plunges Below $62,000, Ethereum Falls Below $1,800"
