Ethereum drops to $1,680 as RSI hits lowest point in 4 years

Following the recent downturn, Ethereum is currently trading between $1,665 and $1,680. The asset has lost 0.63% in value over the past 24 hours, with trading volume recorded at $10.20 billion and a total market capitalization of $201.17 billion. After rebounding from its most recent low of $1,603, the price briefly recovered before settling at current levels.

Analysts flag historic oversold conditions

During its latest attempt at recovery, Ethereum climbed as high as $1,731 but was unable to sustain the advance and fell back. However, the price remains above the 23.6% Fibonacci retracement level, calculated from the move between $1,603 and $1,731.

Crypto market analyst Ash Crypto shared an evaluation on June 14, 2026, stating that Ethereum has entered the steepest oversold territory in its history. According to Ash Crypto, ETH has dropped nearly 70% from its previous all-time high, returning to a price range last seen four years ago. Ash Crypto is known for technical analysis posts on social media platforms.

The analyst also called attention to June 2022, when Ethereum formed a bottom after an 82% decline from its peak. Now, with the monthly RSI registering even weaker, this technical situation is drawing close watch from market participants.

Critical thresholds in the short term

Another analyst, Ted Pillows, believes ETH has broken its recent short-term downtrend. If the $1,700 resistance is surpassed, the price could target the $1,850 to $1,900 range, suggesting a potential comeback.

Technically, Ethereum is currently holding above the 100-hour simple moving average and maintaining an ascending trendline with support at $1,665. This support area also aligns with the 50% Fibonacci retracement zone based on the recent move from $1,603 to $1,731.

Key resistance and support levels under scrutiny

On the upside, the first resistance is spotted at $1,720, followed by $1,740 and $1,780. A move above $1,780 could pave the way toward $1,850, with $1,880 and $1,920 levels also on the radar for traders.

Conversely, if Ethereum fails to clear $1,740, a return to the $1,680 support may be likely. Further declines below $1,665 could put the $1,650 and $1,620 levels into play, while $1,600 remains the primary support in the current market setup.

Momentum indicators also point to a limited recovery. The MACD histogram is modestly positive at 3.15, suggesting that downward pressure may be subsiding. At the time of reporting, ETH is struggling to stay above $1,680 as the market watches for signs of a continued short-term rebound.

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