ETH slips amid persistent downside momentum confirmed by MACD and oscillators: weekly report

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Ethereum drops 12.90% this week

Highlights

Ethereum remains in a sustained bearish trend, trading below major moving average resistance levels with sellers firmly in control.
Bearish momentum is reinforced by weak signals from MACD, ADX, and multiple oversold indicators across weekly charts.
Price is projected to remain rangebound between $1,505 and $1,815 this week, with a downside break likely to trigger further declines toward $1,450.

Institutional buying and US policy discussions drive mixed sentiment this week

BitMine Immersion Technologies completed its largest weekly acquisition in 2026, purchasing over 126,900 ETH and now holding approximately 5.54 million ETH, or about 4.59% of the circulating supply. United States spot Ethereum ETFs showed mixed institutional activity, with one day in June seeing net inflows of $82.4 million. Regulatory discussions in the US regarding Ethereum’s classification and ongoing development of compliant ETF channels have contributed to adoption and institutional presence.

Bearish technical signals intensify as volatility and oversold readings rise

Technical signals on the weekly chart remain bearish. The price is positioned well below key weekly moving averages (MA-20 at $2,078.69, MA-50 at $3,025.32, and MA-200 at $2,469.86), acting as dynamic resistance zones. RSI and Stochastic RSI indicate oversold conditions, while the MACD and Awesome Oscillator reinforce continued downside momentum. Sellers are in control, as confirmed by the CCI and Bull/Bear Power, with the price currently in the middle of the week’s range and exhibiting significant volatility at 20.91%.

Rangebound trade expected as negative momentum limits recovery odds

For the next seven days, Ethereum is expected to trade between $1,505 and $1,815 based on the current weekly volatility. With bearish momentum prevailing and no weekly indicators signaling a reversal, sideways movement within this range is the most probable scenario. Should price reclaim $1,815, a short-term recovery toward $1,900 could occur, though the probability for an upward move remains low. A drop below $1,505 would likely accelerate declines toward $1,450 amid persistent negative momentum.

Jainam Mehta, market strategist, notes that Ethereum continued to decline this week, losing nearly 13% and trading far below key moving averages. He observes that technical momentum remains negative, but institutional activity and regulatory headlines offer evidence of growing adoption beneath the surface. Mehta sees little signal of a reversal, with weekly indicators showing oversold conditions but no clear base forming. "As long as Ethereum trades below $1,815, I will remain neutral and focus on potential support near $1,505—sideways movement dominates my outlook for the coming week."

Earlier, analysts noted that persistent downside pressure and strong selling momentum were dominating Ethereum's price action, with institutions continuing to accumulate despite risk-averse conditions. The current analysis strengthens this outlook, as pronounced bearish signals on the weekly chart suggest traders should remain alert to the potential for accelerated declines if support at $1,505 fails over the coming week.

Source of Data: ETH Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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