{"id":40537,"date":"2026-06-02T06:20:52","date_gmt":"2026-06-02T06:20:52","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=40537"},"modified":"2026-06-02T06:20:53","modified_gmt":"2026-06-02T06:20:53","slug":"ethereum-technical-analysis-report-2nd-june-2026","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026","title":{"rendered":"Ethereum Technical Analysis Report &#8211; 2nd June 2026"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026\/#Market_Overview\" title=\"Market Overview&nbsp;\">Market Overview&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026\/#Recent_Price_Action\" title=\"Recent Price Action&nbsp;\">Recent Price Action&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026\/#Current_Structure_and_Trend\" title=\"Current Structure and Trend&nbsp;\">Current Structure and Trend&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026\/#Volume_and_Momentum\" title=\"Volume and Momentum&nbsp;\">Volume and Momentum&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026\/#Summary\" title=\"Summary\">Summary<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-2nd-june-2026\/#Support_and_Resistance_Levels\" title=\"Support and Resistance Levels\">Support and Resistance Levels<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Here is a technical analysis of ETH\/USDT on the daily timeframe:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Overview\"><\/span><strong>Market Overview&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/zebpay.com\/in\/buy-ethereum\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Ethereum<\/strong><\/a> (ETH\/USDT) is currently trading around $2,000 on the daily timeframe after breaking below the ascending trendline support that had guided price action since the February lows. The breakdown of this structure signals a notable shift in market sentiment, from medium-term bullish consolidation to a more cautious and bearish outlook.<\/p>\n\n\n\n<p>The previous support trendline, which acted as a foundation for higher lows throughout March, April, and May, has now been breached. This breakdown indicates that buyers are losing control, while sellers have gained short-term momentum.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Price_Action\"><\/span><strong>Recent Price Action&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>ETH spent most of April and May consolidating between the $2,350\u2013$2,400 resistance zone and the rising trendline support. A key rejection occurred near $2,400, where the price formed a lower high beneath the descending resistance trendline. This rejection confirmed the presence of strong overhead supply and prevented a bullish breakout.<\/p>\n\n\n\n<p>Following the rejection, Ethereum gradually declined and eventually broke below the ascending support channel around $2,050\u2013$2,080. The breakdown was followed by continued selling pressure, which pushed the price toward the psychological $2,000 support area. The market is currently attempting to stabilize near this major support zone after a sustained decline.<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/top-10-cryptos-to-invest-in-2026\" target=\"_blank\" rel=\"noreferrer noopener\">Top 10 Cryptos to Invest in June 2026<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_Structure_and_Trend\"><\/span><strong>Current Structure and Trend&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The overall market structure has weakened significantly compared to the previous report. Key observations:<\/p>\n\n\n\n<ul>\n<li>The ascending support trendline has been decisively broken.<\/li>\n\n\n\n<li>Lower highs continue to form beneath the major resistance zone.<\/li>\n\n\n\n<li>Price is now trading below the former trend support.<\/li>\n\n\n\n<li>Market structure has shifted from bullish consolidation to a bearish correction.<\/li>\n<\/ul>\n\n\n\n<p>The current technical picture suggests:<\/p>\n\n\n\n<ul>\n<li>Sellers have gained short-term control.<\/li>\n\n\n\n<li>Buyers must defend the $2,000 psychological support level.<\/li>\n\n\n\n<li>Failure to hold above $2,000 could accelerate downside momentum toward lower support levels.<\/li>\n\n\n\n<li>The former ascending trendline may now act as dynamic resistance if ETH attempts a recovery rally.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Volume_and_Momentum\"><\/span><strong>Volume and Momentum<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Volume remains relatively moderate during the recent decline, suggesting that the breakdown is occurring through persistent selling rather than panic liquidation. Momentum has clearly weakened over the past several weeks:<\/p>\n\n\n\n<ul>\n<li>Repeated failures near $2,400 have exhausted bullish momentum.<\/li>\n\n\n\n<li>The trendline breakdown confirms increasing bearish pressure.<\/li>\n\n\n\n<li>Recovery attempts have been limited and have been quickly sold into.<\/li>\n<\/ul>\n\n\n\n<p>For momentum to improve, ETH would need to reclaim the broken trendline and establish sustained trading above the $2,100\u2013$2,150 region. Until then, sellers maintain the technical advantage.<\/p>\n\n\n\n<p>At the time of writing, ETH was trading at $2,002.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"445\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749-1024x445.png\" alt=\"\" class=\"wp-image-40538\" style=\"width:1120px;height:auto\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749-1024x445.png 1024w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749-300x130.png 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749-768x334.png 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749-1536x668.png 1536w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749-150x65.png 150w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-02-014749.png 1782w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Summary\"><\/span><strong>Summary<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ethereum is currently trading near $2,000 after breaking below the ascending support trendline that had supported the market since February. The rejection from the $2,350-$2,400 resistance zone and the subsequent trendline breakdown indicate weakening bullish momentum and increasing seller control.<\/p>\n\n\n\n<p>While the $2,000 psychological level remains an important support area, the broader structure has shifted toward a bearish correction. Buyers must quickly reclaim lost ground to prevent further downside toward the $1,900 and $1,800 support zones. The coming sessions will likely determine whether ETH can stabilize and recover or continue its decline toward lower support levels.<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/10-best-cryptos-to-buy-under-one-dollar-in-2026\" target=\"_blank\" rel=\"noreferrer noopener\">10 Best Cryptos to Buy Under $1 in June 2026<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Support_and_Resistance_Levels\"><\/span><strong>Support and Resistance Levels<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>&nbsp; Support 2<\/strong><\/td><td><strong>Support 1<\/strong><\/td><td><strong>Asset<\/strong><\/td><td><strong>Resistance 1<\/strong><\/td><td><strong>Resistance 2<\/strong><\/td><\/tr><tr><td>$1,800<\/td><td>$1,900<\/td><td><strong>ETH<\/strong><\/td><td>$2,100<\/td><td>$2,350<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>In the grand scheme of things, <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay blogs<\/strong><\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on <a href=\"https:\/\/zebpay.com\/in\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>ZebPay<\/strong><\/a>!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here is a technical analysis of ETH\/USDT on the daily timeframe: Market Overview&nbsp; Ethereum (ETH\/USDT) is currently trading around $2,000 on the daily timeframe after breaking below the ascending trendline support that had guided price action since the February lows. The breakdown of this structure signals a notable shift in market sentiment, from medium-term bullish [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40389,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[79,16,311,22],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40537"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=40537"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40537\/revisions"}],"predecessor-version":[{"id":40540,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40537\/revisions\/40540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/40389"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=40537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=40537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=40537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}