Ethereum Price Defends Support While $1,750 Remains the Next Breakout Level

Ethereum price remained under pressure after a month of heavy selling, although buyers continued defending the key support zone around $1,500. The repeated rebounds from that level have prevented a broader technical breakdown, even as the wider crypto market struggled.

ETH has not yet confirmed a trend reversal. Even so, several analysts believe the current range offers a more attractive risk-reward profile for long-term investors. On-chain data also suggests spot demand is improving, although persistent ETF outflows continue weighing on sentiment.

Ethereum Price Holds Key Support Above $1,500

Ethereum price is once again testing the demand zone that has attracted buyers several times throughout June. The area around $1,500 has become the market’s primary line of defense after weeks of selling erased gains made earlier this year.

Ted Pillows believes the current structure still favors a relief rally if this support continues holding. His chart places the first resistance near $1,660 before a more important supply area between roughly $1,740 and $1,875 comes into view.

That resistance zone carries additional importance after previously acting as support before the latest breakdown. Reclaiming it would improve market structure and shift attention toward the psychological $2,000 level.

For now, neither buyers nor sellers have established complete control. ETH crypto remains trapped between strong demand underneath and heavy supply overhead.

Bulls Need to Recover Higher-Timeframe Resistance

The recent decline has followed a familiar pattern. Every recovery attempt has stalled after reaching former support levels, allowing sellers to regain control before momentum could improve.

Daan Crypto Trades believes that sequence must change before Ethereum price can build a sustained recovery. His weekly chart identified $1,750 as the first level that would demonstrate renewed strength across higher timeframes.

A move through that resistance would also place ETH crypto back above an area that repeatedly influenced price during previous months. Until then, rallies may continue facing selling pressure from traders looking to exit losing positions.

If support around $1,500 eventually fails, the market could revisit the April 2025 lows. That possibility keeps many traders focused on confirmation instead of attempting to anticipate the next breakout.

ETH Crypto Long-Term Trend Structure Remains Intact

Short-term weakness has done little to change the broader picture on higher timeframes. Don pointed out that Ethereum continues trading inside a multi-year rising structure that has guided price since the previous market cycle. While recent price action has pushed ETH crypto closer to trend support, the long-term channel itself remains intact.

That perspective differs from shorter-term bearish views. Rather than focusing on daily volatility, the analysis suggests the correction may simply represent another pullback within a much larger trend.

His longer-term chart projects an objective near $35,000 if Ethereum eventually resumes its historical trend. That projection remains conditional on price-preserving structural support and reclaiming successive resistance levels over time.

Before that discussion becomes relevant, however, Ethereum still needs to recover nearby resistance and establish a stronger market structure above recent highs.

Spot Demand Improves Despite ETF Outflows

CryptoQuant analyst Abdullah Zia said Ethereum spot demand has started outperforming leveraged activity. His analysis suggests larger investors are accumulating ETH through spot purchases instead of using leverage.

Spot-led buying is generally considered healthier than leverage-driven rallies because it relies on direct purchases rather than borrowed capital. Leveraged positions can unwind quickly during periods of higher volatility.

Institutional flows, however, continue moving in the opposite direction. U.S. spot Ethereum ETFs recorded $273 million in net outflows during the week ending June 26, extending withdrawals to seven consecutive weeks. BlackRock’s ETHA accounted for roughly $236 million of those redemptions.

Continued ETF outflows remain a headwind for Ethereum because fund managers may need to sell underlying Ether when investors redeem shares. Until institutional demand improves, ETH could struggle to reclaim higher resistance despite growing spot accumulation.