Ethereum Breaks Channel Support as Bears Target Lower Levels
Jun 19, 2026

ETHUSD

Ethereum is coming lower and has extended the recent weakness through the trend line support of the corrective channel, so we think that bears are still here. We could see some rebounds on the way down, but I think that any rebound could be temporary and possibly stop within our 1728 to 1792 resistance area, while the market trades below the recent high at 1848.

Grega

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