Ethereum could fall 25% to $1,500 as ETFs, charts weigh

Ethereum fell 8% to an intraday low near $1,814 on June 2 after prices broke the $2,000 level. Traders on the Myriad prediction market priced about a 71% probability that ETH will fall to $1,500 before any sustained recovery. Ethereum exchange-traded funds logged 15 consecutive trading days of net outflows.

Price charts show a pattern of lower highs and lower lows since Ethereum’s all-time high of $4,954 in August 2025. Technical analysts identify limited support between roughly $1,700 and the $1,400–$1,500 range.

At the time of the decline, the Relative Strength Index was near 34, the Average Directional Index about 21.6, and the Squeeze Momentum Indicator around -0.35. ETH was trading below the 50-day exponential moving average, near $2,194, and the 200-day EMA, near $2,510, while the gap between those averages was narrowing.

Market structure has capped recent bounce attempts: every rally since ETH fell below $2,500 stalled and reversed, and the $2,000 level failed as support. If buyers do not defend the $1,700 zone in the next sessions, technical levels point to the $1,400–$1,500 area as the next available support cluster.

Other market moves included Bitcoin trading below $67,000 and continued outflows from ETFs tied to major cryptocurrencies. Several developers left the Ethereum Foundation, and some prominent holders reduced positions, while some institutional investors shifted capital toward other sectors.

The Ethereum Foundation confirmed the Glamsterdam upgrade for Q3 2026, targeting a higher gas limit and a goal of 10,000 transactions per second on layer 1. Market participants note that changes in macroeconomic data or Federal Reserve guidance could affect flows and trading dynamics.

Current measurable items: an 8% intraday decline to about $1,814, a 71% probability on Myriad of a $1,500 test, 15 straight ETF net outflow days, RSI near 34, ADX about 21.6, Squeeze Momentum near -0.35, and prices below both the 50- and 200-day EMAs.