Ethereum is ending the trading week with a sharp decline. The ETHUSD price is trading near 1546. 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 1755. From there, we expect another downward rebound and continued decline in the Ethereum price and exchange rate, with a potential target below 585 as part of the weekly price forecast.
Ethereum Forecast ETH/USD June 8 – 12, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (June 8 – 12, 2026) will be a test of the descending resistance line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the bullish channel, which was broken downward by sellers. A strong rebound and a breakout of 2375 will cancel out the cryptocurrency’s downward price trend this trading week. This will indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 3705. A breakout of the support area and a close below 1205 will confirm a decline in Ethereum.
Ethereum Forecast ETH/USD June 8 – 12, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1755. From there, a downward rebound and continued decline to below 585 should be expected. A test of the trendline on the relative strength indicator (RSI) will serve as an additional signal for a decline in Ethereum. A strong rally and a breakout of the 2375 area would cancel the downside scenario. In this case, we should expect continued growth with a target above the 3705 area.
