Ethereum trades near $1,563 as traders watch $1,500 support, $1,750 recovery level, RSI near 31, and weak MACD momentum.
Ethereum is trading near $1,563 after a steady decline from its 2025 highs. The price remains below several former support levels, keeping pressure on buyers.
The $1,500 to $1,550 zone is now the main support area for ETH. This level has held twice before, making it important for short-term direction.
A move above $1,750 would be the first clear sign of buyer strength. Until that level is reclaimed, traders may treat rebounds with caution.
Momentum remains weak, with the RSI near 31 and the MACD still below zero. However, slower selling pressure could support a relief bounce if $1,500 holds.
Ethereum Price Remains Under Pressure
Ethereum has failed several attempts to reclaim former support levels and key resistance zones.
This repeated weakness has kept the short-term structure under pressure. As a result, traders are treating each failed recovery attempt with caution.
The chart shows ETH trading below the main Fibonacci range, with $2,120 now acting as resistance.
That level was once part of a stronger support area near $2,000 to $2,120. However, the breakdown turned that zone into a major level for buyers to reclaim.
For now, ETH remains near the $1,500 to $1,550 support band. This area is important because it has stopped deeper losses in past tests.
If it breaks, analysts may watch $1,350 and $1,200 as lower support zones.
$1,750 Reclaim Becomes Key Signal
The $1,750 level is now viewed as the first clear recovery marker for Ethereum.
A move above that level could show stronger buyer interest on higher timeframes. Until then, ETH remains below an important area of market control.
$ETH Has been failing pretty much every attempt at retaking a previous support or important level.
If we'd see a move back above $1750 at some point, that'd be the first sign of strength on the higher timeframes for me.
Right now sitting at that ~$1.5K support area that has… pic.twitter.com/7cfUEiCQyz
— Daan Crypto Trades (@DaanCrypto) June 29, 2026
A stronger bullish setup would require ETH to close back above $2,120. That move would bring the token back inside the previous Fibonacci structure.
It would also reduce pressure from the latest breakdown. Above $2,120, the next Fibonacci resistance areas sit at $2,592, $2,962, and $3,222.
Further levels are shown near $3,482 and $3,803. These zones may only become relevant if Ethereum first regains the lower range.
Read Also:
Ethereum Holders Are Under Historic Stress – Is a Major Rebound Next?
RSI and MACD Show Weak Momentum
Ethereum’s RSI is near 31 on the daily chart, placing it close to oversold conditions.
This reading can sometimes lead to a relief bounce after strong selling. Still, it does not confirm that a full trend reversal has started.
The MACD remains below zero, which shows that momentum is still weak. Both lines continue to reflect pressure from the recent decline.
However, the histogram appears to be flattening, which may suggest slower selling. The next ETH price move may depend on the $1,500 support area.
Holding this zone could allow a short-term bounce toward $1,750. A daily close below it may open the path toward the April 2025 lows.
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