Flat trading for Ethereum as $1,804.33 resistance holds

Traders Union
All News
Crypto News
Ethereum trades flat today at $1,665

Highlights

Escalating Middle East tensions are driving capital outflows from Ethereum, as investors flock to the US dollar and safe-haven assets.
Persistently high energy costs and a hawkish Federal Reserve are diminishing Ethereum's appeal, triggering $15.89 million in ETF outflows on June 11 and $16 million on June 12.
Technicals show mixed momentum; ETH/USD is likely to range between $1,594.74 and $1,804.33 with a 65% probability of downside move in the coming days.

Capital outflows accelerate as geopolitical risks and dollar demand rise

Geopolitical tensions in the Middle East have triggered a flight to the US dollar and safe-haven assets, intensifying capital outflows from Ethereum and other digital assets. Elevated energy prices are reinforcing inflationary pressures and supporting a hawkish policy stance from the Federal Reserve, which has further weighed on Ethereum's attractiveness. Spot Ethereum ETFs recorded multi-day outflows totaling $15.89 million on June 11, extending to $16 million on June 12, as persistent geopolitical risk dampens institutional risk appetite. Iran-related concerns and ongoing macroeconomic uncertainty have contributed to liquidations across crypto markets, highlighting heightened geopolitical threat levels.

Intraday buyer advantage as mixed momentum meets key resistance

On the technical front, ETH/USD is trading above the MA-20 ($1,654.13) and MA-50 ($1,644.83) on the H4 chart, but remains below the MA-200 ($2,421.84) on the daily chart. The Ichimoku Kijun level at $1,658.97 serves as immediate support. RSI stands at 50.69 with a Buy signal, while CCI also signals Buy. MACD and Awesome Oscillator are neutral. ADX indicates a Sell, Stoch RSI is neutral, and Bull/Bear Power (BBP) points to overbought conditions, signaling that buyers currently hold the advantage intraday amid mixed momentum readings.

Sideways consolidation likely as downside risk persists

In the short term, ETH/USD is expected to range between $1,594.74 and $1,804.33, reflecting typical volatility for the upcoming days. The probability of a downward move stands at 65%, while a breakout above resistance carries a 35% chance. If price remains above support, a sideways consolidation scenario is favored, with bullish momentum requiring a move beyond the upper boundary and bearish momentum confirmed only if the current support is breached.

Anton Kharitonov, expert at Traders Union, notes that Ethereum is facing persistent pressure from capital outflows amid heightened geopolitical and macroeconomic risks. He sees technical signals offering some short-term support, but institutional sentiment remains weak with ETF outflows and risk-aversion dominating. The analyst highlights that downside risk prevails unless ETH/USD breaks above resistance. "Given current ETF outflows and fragile sentiment, I remain cautious and expect the sideways-to-lower scenario to dominate until the news flow stabilizes."

Earlier, analysts noted that Ethereum's recovery remained limited by the absence of sustained institutional demand and ongoing capital outflows from major investment products. Recent geopolitical pressures and consecutive ETF outflows further reinforce this cautious outlook, with traders advised to monitor for a potential downside move if immediate support levels fail to hold.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.