{"id":30700,"date":"2026-06-04T08:01:08","date_gmt":"2026-06-04T08:01:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-near-1780-will-oversold-eth-bounce-or-break-lower\/"},"modified":"2026-06-04T08:01:21","modified_gmt":"2026-06-04T08:01:21","slug":"ethereum-price-near-1780-will-oversold-eth-bounce-or-break-lower","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-near-1780-will-oversold-eth-bounce-or-break-lower\/","title":{"rendered":"Ethereum price near $1,780: Will oversold ETH bounce or break lower?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum traded near $1,777.96 on June 4 after falling 5.07% in 24 hours, according to crypto.news price data.\u00a0<\/p>\n<div id=\"cn-block-summary-block_3d6d06d3459cdde7566c9b3afe1d4cc9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethereum price fell below $1,800 as sellers tested the $1,825 channel floor and key support zone.<\/li>\n<li>RSI and Supertrend remain bearish, but exchange supply and staking data show tighter available supply.<\/li>\n<li>Analysts now watch $1,700, $1,500, $2,022 and $2,360 as the next major price levels today.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The token also lost 10.21% over seven days as the wider crypto market stayed under pressure.<\/p>\n<p>The latest move pushed ETH below the $1,825 area watched by analyst Ali Martinez. It also placed the asset near its weakest zone since April 2025, when ETH fell toward $1,400 before staging a recovery.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum price loses the $1,825 channel floor<\/strong><\/h2>\n<p>Ali Martinez said Ethereum had reached his $1,825 target after pulling back to the bottom of its channel. He called the area a critical floor that could decide the next major move.<\/p>\n<p>\u201cIf $1,825 holds, expect a solid bounce back up toward $2,070 or even $2,360,\u201d Ali Charts wrote. He also said a close below $1,825 would weaken support and likely send ETH toward $1,500.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ethereum <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> has hit my target at $1,825. \u2714\ufe0f<\/p>\n<p>The price has pulled back to the bottom of its channel. This is a critical floor that will likely decide the next big move.<\/p>\n<p>\u2022 If $1,825 holds, expect a solid bounce back up toward $2,070 or even $2,360.<br \/>\u2022 If we close below $1,825,\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/q7bTVdmgTw\">https:\/\/t.co\/q7bTVdmgTw<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/7cn1NbbOL6\">pic.twitter.com\/7cn1NbbOL6<\/a><\/p>\n<p>\u2014 Ali Charts (@alicharts) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/alicharts\/status\/2062142504141566128?ref_src=twsrc%5Etfw\">June 3, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The live crypto.news feed showed ETH below that level, with a 24-hour range between $1,734.05 and $1,886.55. That range shows buyers tried to defend the lower area, but sellers kept pressure on the daily chart.<\/p>\n<p>Ethereum\u2019s market cap stood near $215.14 billion, while 24-hour trading volume reached $25.76 billion. The token remains down 64.05% from its Aug. 24, 2025 all-time high of $4,946.05.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Technical indicators still favor sellers<\/strong><\/h2>\n<p>The Supertrend remains bearish, with the active red line near $2,022.09. Since ETH trades below that level, the indicator shows that sellers still control the current trend.<\/p>\n<p>For the chart to improve, ETH would need to reclaim the $2,000 to $2,022 area and hold it on the daily chart. Without that move, any short bounce may remain part of a weak trend.<\/p>\n<p>The RSI sits at 18.61, which places Ethereum deep in oversold territory. That reading shows strong downside momentum, but an oversold level does not confirm a rebound by itself.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Ethereum (ETH) price chart, source: crypto.news<\/figcaption><\/figure>\n<p>The RSI moving average stands near 31.13, above the current RSI. That gap shows that momentum weakened quickly and that buyers have not yet regained control.<\/p>\n<p>The MACD also remains bearish. The MACD line sits near -2,917.77, below the signal line near -1,584.86, while the histogram is negative near -1,332.92.<\/p>\n<p>A stronger recovery signal would need the MACD line to flatten and move closer to the signal line. Until then, momentum remains weak even with ETH deeply oversold.<\/p>\n<h2 class=\"wp-block-heading\"><strong>On-chain data gives a mixed signal<\/strong><\/h2>\n<p>Leon Waidmann said Ethereum\u2019s price action looks weak, but on-chain data gives a different message. He pointed to ETH on exchanges falling near 15.1 million, a multi-year low.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ETH price is stuck near $1.9K. Everyone&#8217;s bearish.<\/p>\n<p>The onchain data tells the opposite story! \ud83d\udcca<\/p>\n<p>\ud83d\udd39 ETH on exchanges: crashing to ~15.1M (multi-year low)<br \/>\ud83d\udd39 Staking rate: fresh ALL-TIME HIGH at 32.42%<br \/>\ud83d\udd39 Transactions: ALL-TIME HIGH<\/p>\n<p>Less ETH on exchanges = less supply to sell.\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/OVf1ryQSyO\">pic.twitter.com\/OVf1ryQSyO<\/a><\/p>\n<p>\u2014 Leon Waidmann (@LeonWaidmann) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/LeonWaidmann\/status\/2062105012872876468?ref_src=twsrc%5Etfw\">June 3, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>He also said Ethereum\u2019s staking rate reached a fresh all-time high at 32.42%. More ETH in staking can reduce liquid supply because holders lock tokens to secure the network and earn rewards.<\/p>\n<p>Ali Martinez also reported that Ethereum <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/alicharts\/status\/2062323949204353191?s=20\" target=\"_blank\" rel=\"nofollow\">processed<\/a> $9.92 billion in transaction volume on June 2. He said that marked the largest one-day network activity spike in two months.<\/p>\n<p>This creates a split picture for traders. Price action shows weakness, while exchange balances, staking, and transaction data show users continue to hold, stake, and move ETH on-chain.<\/p>\n<p>As previously reported by crypto.news, Ethereum staking has become a larger part of institutional treasury activity. More than 36 million ETH had been staked earlier this year, with public firms also building ETH yield strategies.<\/p>\n<p>That does not remove short-term selling pressure. It does show that Ethereum\u2019s network activity and holder behavior remain different from the current chart trend.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Treasury losses and price levels stay in focus<\/strong><\/h2>\n<p>The latest selloff also comes as some Ethereum treasury strategies face losses. Lookonchain said Nasdaq-listed FG Nexus bought 50,770 ETH for about $196 million between August and September 2025.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">FG Nexus is down over $85M on its <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> treasury bet!<\/p>\n<p>FG Nexus bought 50,770 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($196M) at an average price of $3,860 in Aug\u2013Sep 2025.<\/p>\n<p>Then started selling in Nov 2025, selling 36,025 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($83.92M) at an average price of $2,330.<\/p>\n<p>Total loss: $85M+.<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ot97old74T\">https:\/\/t.co\/ot97old74T<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ysWdm4JW5u\">pic.twitter.com\/ysWdm4JW5u<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/2062375628092142031?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The firm paid an average price near $3,860, then began selling in November. It has now sold 36,025 ETH at an average price of about $2,330, recovering about $83.92 million.<\/p>\n<p>According to on-chain reports, cumulative losses on the FG Nexus Ethereum treasury strategy have topped $85 million. The company had previously described ETH as its main treasury reserve asset.<\/p>\n<p>As previously reported by crypto.news, other Ethereum treasury firms have also faced losses during the weaker quarter. SharpLink reported $506.7 million in unrealized ETH losses and a $191.7 million LsETH impairment charge in Q1.<\/p>\n<p>Ethereum\u2019s first downside area now sits around $1,700 to $1,717. A clean break below that zone would increase attention on $1,500, the level Ali Martinez named after the loss of $1,825 support.<\/p>\n<p>The deeper historical support zone remains near $1,400, where ETH found a low in April 2025. That level may return to focus if the broader market selloff continues and buyers fail to defend $1,500.<\/p>\n<p>On the upside, ETH needs to reclaim $1,825 first. A stronger recovery would require a daily move back above $2,000 and the Supertrend area near $2,022.<\/p>\n<p>A later push toward $2,070 would show buyers are rebuilding control. A move to $2,360 would need stronger volume and a clear shift in momentum from the RSI and MACD.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum traded near $1,777.96 on June 4 after falling 5.07% in 24 hours, according to crypto.news price data.\u00a0 Summary Ethereum price fell below $1,800 as sellers tested the $1,825 channel&hellip;<\/p>\n","protected":false},"author":1,"featured_media":16299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30700"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30700\/revisions"}],"predecessor-version":[{"id":30701,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30700\/revisions\/30701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/16299"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}