Short covering helped ETHUSD to rise a little. Yesterday it fell to $1550 and is trading today near $1652.
Ethereum spot ETFs have continued under selling pressure, with one recent analysis showing that, as of early June 2026, the funds were caught in a 17-session outflow streak, validating that consumer interest in ETH exposure through exchange-traded goods has been consistently low. Although an exact five-day dollar total could not be entirely reconstructed from the provided data snippets, the directional signal is unambiguous: ongoing redemptions have been depressing short-term mood; traders see the continuous outflows as an indicator of cooled institutional demand for Ether until new information shows differently.
|
Technicals |
CMP -$1652 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$1652 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$1694 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$1717 |
CMP <365 EMA |
Bearish |
Major support- $1900/$1700/$1500. Minor bullishness only above $1850. Any violation above targets $2000/$2300/$2500/$2770/$2880/$3000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
20.35 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 1848-50 with SL around $2000 for a TP of $1500.


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