Ethereum price prediction: $1,780.86 resistance in focus as ETH adds 2.66%

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Ethereum up 2.66% today at $1,765.95

Highlights

A major Ethereum early participant borrowed $10 million in USDe to acquire 5,817 ETH, heightening short-term demand but increasing future liquidation risk if ETH declines.
Coins.ph integrated Ethereum into the Philippines’ QR Ph network, enabling ETH payments at nearly 700,000 merchants and boosting real-world adoption.
ETH/USD faces a 65% probability of moving upward but is likely to consolidate in the $1,710.92–$1,820.98 range, with mixed momentum and underlying caution indicated by technical signals.

On-chain accumulation boosts demand amid liquidation risk and utility gains

On June 15, an early participant from Ethereum's ICO borrowed $10 million in USDe from Aave to acquire 5,817 ETH, using 147,000 ETH as collateral, a sizable on-chain transaction that injects immediate demand but raises the prospect of future liquidation risk if prices fall, according to CryptoQuant. Broader adoption is further supported by Coins.ph's integration of Ethereum payments into the Philippines' national QR Ph network, making ETH usable at nearly 700,000 merchants and expanding real-world utility. Throughout June, ongoing network upgrades seek to improve Ethereum's scalability, security, and efficiency, reinforcing the token’s position for transactional and development growth. Significant additional purchases by Bitmine Immersion Technologies also contribute to investor accumulation and market optimism.

Technical divergence as strong momentum meets oversold signals

ETH/USD trades below the MA-20 at $1,797.30, above the MA-50 at $1,733.74, and well below the MA-200 at $2,402.84. Immediate resistance is located at the Ichimoku Kijun level of $1,780.86, while the MA-50 level offers support. Hourly chart momentum is mixed: MACD and ADX indicate buying interest, but RSI at 46.56 and CCI continue to signal sell, with both Stoch RSI and BBP currently oversold. The Awesome Oscillator remains neutral, showing no clear trend, and price hovers near today’s low after an early upside gap. The combination of strong momentum indicators and oversold oscillators presents a clear technical divergence, highlighting underlying caution among intraday buyers.

Consolidation expected with bullish bias unless key support fails

Over the next two to three trading days, ETH/USD is expected to consolidate between $1,710.92 and $1,820.98, with an upward move more likely given a 65% probability relative to a 35% chance for a downside break. Price action is poised to remain within this volatility band unless a sustained move above the $1,780.86 resistance level occurs, which could signal further bullish activity. Conversely, a breach below the $1,710.92 support would increase the risk of accelerated declines, especially given the potential for forced liquidations linked to recent on-chain activity.

Anton Kharitonov, expert at Traders Union, views Ethereum’s current advance as fragile despite recent institutional accumulation and network upgrades. He notes that the sizable leveraged purchase by an early ICO participant signals demand but also injects significant liquidation risk if $1,432 is tested. Technical signals are mixed, with strong momentum offset by persistent caution from oscillators and a critical resistance at $1,780.86. "Until price sustains above immediate resistance and liquidation risks recede, I remain cautious on the upside," Kharitonov says.

Earlier, analysts noted that Ethereum exhibited near-term bullish momentum but faced lingering resistance, with overall market sentiment hinging on sustained risk appetite and key technical barriers. The latest fundamental developments—ranging from significant on-chain purchases to expanding real-world payment utility—add strength to that outlook, but traders should closely monitor the $1,780.86 resistance as a catalyst for renewed upside momentum in the days ahead.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.