Ethereum retests $1,600 support first set in 2023 as three signals converge

On June 7, 2026 at 19:25, Ethereum revisited the $1,600 area for a third time since 2023, dipping to a weekly low of $1,505 before rebounding to $1,631. The week opened at $2,004 and topped at $2,018, but still showed an 18.58% weekly drop alongside a 4.5% intraday gain at the time of writing. Analysts highlighted a TD Sequential 9-count near ~$1,612, exchange reserves at 14.6M ETH, and a weekly volume spike to 1.65M ETH as key signals clustered around the same zone.