Ethereum breaks below $1,800 after losing $2,050, while ETH/USDT bounces on the 1H chart and daily RSI hits a record low.
Ethereum moved back into focus after ETH/USDT lost two key support levels and reached a new daily RSI low.
Analysts are now watching lower liquidity zones, while the one-hour chart shows a bounce from a closely tracked area.
Ethereum Loses $2,050 and $1,800 Support
Ethereum analysts first watched the $2,050 zone as a major support area. That level failed after price rejected resistance and moved lower.
The next level was $1,800, but sellers also pushed ETH below that area. The move changed the short-term structure and placed attention on lower demand zones.
$ETH bulls needed the $2,050 zone.
They lost it.
Then they needed $1,800 support.
They lost that too.
What started as a rejection from resistance has now turned into a full breakdown through multiple key levels.
The downside liquidity is getting closer.
Where do buyers… pic.twitter.com/zkTpD5l3UJ
— Alex Marzell (@MarzellCrypto) June 7, 2026
Alex Marzell said, “ETH bulls needed the $2,050 zone. They lost it.” The same comment added that buyers then needed $1,800 support.
The breakdown has raised focus on downside liquidity. Traders often track liquidity zones because prices can move toward areas with resting orders.
One-Hour Bounce Keeps Buyers in View
The ETH/USDT one-hour chart showed a bounce from the expected area, according to the shared market analysis.
Satoshi Flipper said the price “bounced exactly where it should have.”
$ETH/usdt 1 hour
Bounced exactly where it should have 🎯 https://t.co/B1Jw8WKB15 pic.twitter.com/HePQSiN4fN
— Satoshi Flipper (@SatoshiFlipper) June 7, 2026
This move may offer short-term relief after the breakdown. Still, the wider structure remains weak while ETH trades below former support.
Buyers may need to reclaim $1,800 to improve the near-term setup. A move back above that level could turn attention toward $2,050 again.
If ETH fails to recover, traders may keep watching lower liquidity areas. The main question now is where buyers step in with stronger demand.
Read Also:
Ethereum Reaches HTF Range Lows as ETH/BTC Hits Long-Watched Target
ETH/USDT Records Historic Daily RSI Reading
Satoshi Flipper said Ethereum tagged its lowest daily RSI since the asset went live in 2015. RSI is used by traders to measure market strength and weakness.
A low RSI reading can show heavy selling pressure. It does not confirm a bottom by itself, but it can draw attention from buyers.
The daily chart remains under pressure after the loss of two support levels. This keeps traders focused on whether ETH can form a base.
Ethereum has seen deep RSI readings during past market stress. However, traders still wait for price recovery and stronger volume before confirming demand.
Leave a Reply
You must be logged in to post a comment.