The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid ongoing volatility in the crypto market, Ethereum (ETH) price plunged below the critical $1,800 support level due to mounting sell pressure. According to reports, the MVRV ratio touched depths not seen since the April 2025 bottom, indicating significant market valuation stress. This technical breach suggests that bearish momentum may persist in the near term.
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Sign InThis decline occurs as major digital assets face similar headwinds, with market data showing a strong correlation with Bitcoin's price action as it struggles to hold its own support levels. Compared to previous quarter performance, breaking the $1,800 mark places Ethereum in a precarious technical zone that could lead to a retest of the $1,400 level, representing a sharp reversal from earlier yearly highs.
Based on available data, ETH remained under pressure at the close of June 10, 2026, as traders look toward upcoming US inflation data for direction. Investors should watch for immediate support at $1,650 and the psychological $1,400 floor, while also monitoring central bank catalysts such as the upcoming speech by Fed Governor Bowman, which could further impact global risk appetite.