Ethereum is ending the trading week lower. The ETHUSD price is trading near 1994. Moving averages indicate a bearish trend for ETH/USD. Prices have broken below the signal lines, indicating growing selling pressure and potential continued decline from current levels. Currently, we expect an attempt at a bullish price correction and a test of the resistance level near 2065. From there, we expect another downward rebound and continued decline in the Ethereum price and exchange rate, with a potential target below 645 as part of the weekly price forecast.
Ethereum Forecast ETH/USD June 1 – 5, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (June 1-5, 2026) will be a test of the resistance line on the relative strength indicator (RSI). The second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 2885 would cancel out the cryptocurrency’s downward trend this week. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 3665. A breakout of the support area and a close below 1745 would confirm a decline in Ethereum.
Ethereum Forecast ETH/USD June 1 – 5, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 2065. From there, a downward rebound and continued decline to below 645 should be expected. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of a decline in Ethereum. A strong rally and a breakout of the 2885 area would cancel the downward scenario. In this case, we should expect continued growth with a target above the 3665 area.
