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ETH Bounces as Shorts Cover, Yet ETF Bleed Warns $1,850 Resistance Won’t Break

Short covering helped ETHUSD to rise a little. Yesterday it fell to $1550 and is trading today near $1652.

Ethereum spot ETFs have continued under selling pressure, with one recent analysis showing that, as of early June 2026, the funds were caught in a 17-session outflow streak, validating that consumer interest in ETH exposure through exchange-traded goods has been consistently low. Although an exact five-day dollar total could not be entirely reconstructed from the provided data snippets, the directional signal is unambiguous: ongoing redemptions have been depressing short-term mood; traders see the continuous outflows as an indicator of cooled institutional demand for Ether until new information shows differently.

 

Technicals

CMP -$1652

Trend

4- Hour chart

Value

 

 

55 EMA

$1652

CMP>55 EMA

Bullish

200- EMA

$1694

CMP <200- EMA

Bearish

365- EMA

$1717

CMP <365 EMA

Bearish

 Major support- $1900/$1700/$1500. Minor bullishness only above $1850. Any violation above targets $2000/$2300/$2500/$2770/$2880/$3000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

20.35

ADX

Neutral

 

 

It is good to sell on rallies around 1848-50 with SL around $2000 for a TP of $1500.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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