Ethereum trades near $1,673 as analysts flag the $1.4K–$1.6K range as a key accumulation zone. Here’s what traders are watching right now.
Ethereum is trading at $1,673.77, per CoinGecko data. The asset recorded a 0.23% gain in the last 24 hours.
Weekly performance shows a 7.22% uptick. Trading volume over the same 24-hour window hit $6.06 billion. Crypto analysts are now pointing to a specific price range as a critical area to watch.
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Ethereum Revisits Range That Previously Preceded a 300% Rally
Crypto analyst Cryptic Trades flagged the $1,400 to $1,600 range as a key accumulation zone on social media.
According to the analyst, this band previously acted as a major resistance zone during the bear market. Price rejected that level multiple times before finally breaking above it.
Once ETH reclaimed the zone, it formed a base that preceded a rally of nearly 300%.
Cryptic Trades noted that Ethereum is currently trading inside that exact historical range. The analyst highlighted that risk-reward is starting to favor buyers at these levels.
Downside risk from the zone appears limited relative to the potential upside, the analyst said. Plans to gradually add to spot holdings over the coming days and weeks were outlined.
🚨 This is a GOOD BUYING RANGE for $ETH.
Between $1.4K and $1.6K is where I would personally look to accumulate and gradually add to my spot holdings over the coming days.
The RISK-REWARD setup is starting to lean in favor of buyers at these levels.
Throughout the bear market,… pic.twitter.com/Mx5XkWH2aq
— Cryptic Trades (@CrypticTrades_) June 13, 2026
Bearish Structure Still Present on Higher Timeframes
Not everyone is calling a confirmed bottom.
Analyst Professor Crypto pointed out that Ethereum’s higher timeframe structure remains bearish. Price has stabilized near $1,600, but the overall trend has not reversed yet. Bulls still need to print higher highs before a shift in market structure becomes clear.
Professor Crypto set $2,000 as the first key level worth watching for momentum confirmation. A reclaim of that level would signal that buying pressure is starting to take hold.
Until that happens, the analyst described current price action as consolidation rather than a definitive bottom. Short-term weakness remains a possibility, both analysts acknowledged.
$ETH is trying to build a base around $1.6K after a sharp selloff.
Price has stabilized, but the higher timeframe structure is still bearish.
Bulls need to reclaim higher levels and start printing higher highs before a trend reversal can be confirmed.
A move back above $2K… pic.twitter.com/nih2tC4aqK
— Professor Crypto (@profcryptotalks) June 13, 2026
What Traders Are Watching Next for ETH
The $1,600 level sits at the upper end of the range both analysts referenced. Ethereum needs to hold this area convincingly to keep the accumulation thesis intact.
A break below $1,400 would challenge the bullish setup entirely. Market participants are watching volume closely for any signs of trend continuation.
The $2,000 mark now stands as the clearest short-term target for bulls.
Ethereum’s 7.22% weekly gain shows some buying interest is already returning. Whether that momentum holds depends on how price reacts at current levels. Traders are monitoring each daily close carefully for clearer directional signals.
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