{"id":40599,"date":"2026-06-09T06:20:41","date_gmt":"2026-06-09T06:20:41","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=40599"},"modified":"2026-06-09T06:20:43","modified_gmt":"2026-06-09T06:20:43","slug":"ethereum-technical-analysis-report-9th-june-2026","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-9th-june-2026","title":{"rendered":"Ethereum Technical Analysis Report &#8211; 9th 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-9th-june-2026\/#Market_Overview\" title=\"Market Overview\">Market Overview<\/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-9th-june-2026\/#Recent_Price_Action\" title=\"Recent Price Action\">Recent Price Action<\/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-9th-june-2026\/#Current_Structure_and_Trend\" title=\"Current Structure and Trend\">Current Structure and Trend<\/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-9th-june-2026\/#Volume_and_Momentum\" title=\"Volume and Momentum\">Volume and Momentum<\/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-9th-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-9th-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 a daily timeframe:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Overview\"><\/span><strong>Market Overview<\/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 (ETH\/USDT)<\/strong><\/a> is currently trading around $1,668 on the daily timeframe after experiencing a sharp bearish breakdown below the key $2,000 psychological support level. The decline accelerated significantly during the first week of June, resulting in one of the strongest selloffs seen in recent months.<\/p>\n\n\n\n<p>The breakdown confirms a continuation of the bearish trend that began after Ethereum lost its ascending trendline support in late May. What initially appeared to be a corrective pullback has now evolved into a deeper structural decline, with sellers maintaining firm control of the market. Price is currently attempting to stabilize near the $1,650\u2013$1,700 region following an aggressive liquidation move that pushed ETH to its lowest levels since February.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Price_Action\"><\/span><strong>Recent Price Action<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following last week&#8217;s report, Ethereum failed to reclaim the broken ascending trendline and remained trapped below the former support structure. Key developments include:<\/p>\n\n\n\n<ul>\n<li>Multiple failed recovery attempts below the $2,100 region, confirming persistent selling pressure.<\/li>\n\n\n\n<li>Prices continued forming lower highs and lower lows throughout early June.<\/li>\n\n\n\n<li>The major psychological support at $2,000 was decisively broken.<\/li>\n\n\n\n<li>Selling momentum accelerated sharply after the breakdown, resulting in a rapid decline toward the $1,550-$1,600 region.<\/li>\n\n\n\n<li>A strong bearish impulse candle, accompanied by elevated volume, signaled aggressive seller participation.<\/li>\n\n\n\n<li>The recent rebound remains relatively weak.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/top-10-layer-1-blockchain-cryptos-in-2026\" target=\"_blank\" rel=\"noreferrer noopener\">Top 10 Layer-1 Blockchain Cryptos 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<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The overall market structure is considerably more bearish compared to the previous report. Key observations:<\/p>\n\n\n\n<ul>\n<li>The $2,000 psychological support has failed.<\/li>\n\n\n\n<li>Lower highs and lower lows continue to dominate price action.<\/li>\n\n\n\n<li>ETH remains well below major resistance levels.<\/li>\n\n\n\n<li>Sellers maintain control across the daily timeframe.<\/li>\n<\/ul>\n\n\n\n<p>The current technical picture suggests:<\/p>\n\n\n\n<ul>\n<li>The market has transitioned from a bearish correction into a confirmed bearish trend.<\/li>\n\n\n\n<li>Any short-term recovery rallies may encounter selling pressure near previous support zones.<\/li>\n\n\n\n<li>The $1,650-$1,700 area is acting as the first stabilization zone following the recent selloff.<\/li>\n\n\n\n<li>A recovery above $1,800 would be required to improve short-term sentiment.<\/li>\n\n\n\n<li>Until then, downside risks remain elevated.<\/li>\n<\/ul>\n\n\n\n<p>The former $2,000 support area has now become a significant resistance zone that buyers must eventually reclaim to shift momentum back in their favor.<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/zebpay.com\/in\/blog\/top-10-dapp-tokens-of-2026\" target=\"_blank\" rel=\"noreferrer noopener\">Top 10 dApp Tokens of June 2026<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Volume_and_Momentum\"><\/span><strong>Volume and Momentum<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Volume expanded noticeably during the recent breakdown, indicating stronger conviction behind the selloff compared to previous declines. Momentum indicators include:<\/p>\n\n\n\n<ul>\n<li>Increased selling volume during the break below $2,000.<\/li>\n\n\n\n<li>Strong bearish expansion candles confirming downside momentum.<\/li>\n\n\n\n<li>Limited buying follow-through following the initial bounce from recent lows.<\/li>\n\n\n\n<li>Continued dominance of sellers despite temporary stabilization.<\/li>\n<\/ul>\n\n\n\n<p>For momentum to improve meaningfully, Ethereum would need to:<\/p>\n\n\n\n<ul>\n<li>Hold above the recent low near $1,550.<\/li>\n\n\n\n<li>Establish higher lows on the daily timeframe.<\/li>\n\n\n\n<li>Reclaim the $1,800 resistance area.<\/li>\n\n\n\n<li>Eventually recover above the former support zone around $2,000.<\/li>\n<\/ul>\n\n\n\n<p>Until these conditions are met, bearish momentum remains the dominant market force.<\/p>\n\n\n\n<p>At the time of writing, ETH was trading at approximately $1,668.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/zebpay.com\/wp-content\/uploads\/2026\/06\/Screenshot-2026-06-09-085513-1024x452.png\" alt=\"\" class=\"wp-image-32063\" style=\"width:1120px;height:auto\"\/><\/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 $1,668 after suffering a decisive breakdown below the critical $2,000 support level. The bearish trend that began with the loss of the ascending trendline in late May has intensified, leading to a sharp decline toward the $1,550 region.<\/p>\n\n\n\n<p>Although ETH has managed to stage a modest rebound from recent lows, the broader market structure remains firmly bearish. Sellers continue to control the daily timeframe, while former support zones have now turned into overhead resistance.<\/p>\n\n\n\n<p>The immediate focus remains on whether buyers can defend the $1,550-$1,600 support region and build a meaningful recovery. Failure to stabilize above this area could expose Ethereum to further downside pressure, while a sustained move back above $1,800 would be the first indication that bearish momentum is beginning to weaken.<\/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><span style=\"text-decoration: underline;\">Support 2<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Support 1<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Asset<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Resistance 1<\/span><\/strong><\/td><td><strong><span style=\"text-decoration: underline;\">Resistance 2<\/span><\/strong><\/td><\/tr><tr><td>$1,500<\/td><td>$1,600<\/td><td><strong>ETH<\/strong><\/td><td>$1,800<\/td><td>$2,000<\/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 a daily timeframe: Market Overview Ethereum (ETH\/USDT) is currently trading around $1,668 on the daily timeframe after experiencing a sharp bearish breakdown below the key $2,000 psychological support level. The decline accelerated significantly during the first week of June, resulting in one of the strongest selloffs seen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38854,"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\/40599"}],"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=40599"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40599\/revisions"}],"predecessor-version":[{"id":40601,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/40599\/revisions\/40601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/38854"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=40599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=40599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=40599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}