Ethereum

Ethereum’s selloff in June pushed ETH below $1,800, with price reaching as low as $1,536 in the past 24 hours and marking its lowest level so far in 2026. The drop has also dragged the monthly RSI to its weakest reading since Ethereum began trading in 2015, a zone that previously appeared near major cycle lows in 2020 and 2022. ETH was trading at $1,612 at the time of writing, while spot Ethereum ETFs saw $19 million of net inflows on June 4 before flipping to $5.97 million of net outflows the following day.

Bitcoin slid to a 2026 low of $59,100 this week and, as of 1 p.m. EDT on June 7, traded more than 50% below its $126,080 all-time high set on Oct. 6, 2026. While a few tokens posted strong 2026 YTD gains, many large-cap altcoins are still down far more than BTC from their peaks, with several sitting 94%–99.7% below ATH.

Bitmine has filed to publicly offer 3 million shares of 9.50% Series A Perpetual Preferred Stock, with proceeds earmarked for corporate needs including additional ETH purchases and staking infrastructure. The preferred shares pay a fixed 9.50% annual dividend on a $100 stated value, with missed payments triggering weekly compounding and a rate step-up capped at 15%. Bitmine has also applied to list the shares on the NYSE under "BMNP," with trading expected to start within 30 days of the initial issuance if approved.

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.

Ethereum fell to a 14-month low of $1,500 on Friday after sliding roughly $900 from prior levels. Technical readings cited by analysts include a TD Sequential daily buy signal and ETH/BTC touching 0.026, while on-chain activity shows large purchases such as a $56 million buy under $1,570 and another wallet adding over $28.5 million worth of ETH.

Ethereum has fallen nearly 20% over the past seven days and was trading around $1,620, but digital asset analyst John Gillen argues the decline is being misread. In a recent interview, he said the Ethereum Foundation's R&D focus, Vitalik Buterin's reluctance to act as a price promoter, and some ecosystem departures look more like maturation than structural damage.

Cross-chain bridges suffered $340.7 million in losses across 14 exploits in 2026, a pattern framed as a structural weakness rather than isolated mistakes. In May 2026, 60 incidents produced about $68.3 million in gross losses and only 13.7% of funds were recovered. A major example was the April 18, 2026 KelpDAO incident, where roughly 116,500 rsETH (valued at $292 million then) was drained via a LayerZero-based bridge.

XRP stayed under bearish pressure as the broader crypto market remained shaky, while an AI outlook suggested the token could stabilize by June 10, 2026. The model projected a $1.25–$1.35 range with a base case near $1.30, while flagging $1.15 as a key support area and $1.40 as a bullish stretch target.

Ethereum (ETH) slid to nearly $1,600 as selling pressure pushed the daily RSI down to 13.96, a capitulation-level reading. Large holders stepped in, including a $55.8 million buy for 35,723 ETH near $1,563, while another investor used $142 million in USDT borrowed from Aave to accumulate 87,680 ETH at an average $1,620. With ETF redemptions still pressuring the market, leveraged demand adds downside risk, including a liquidation area near $1,354.

BlackRock's crypto exchange-traded funds saw heavy redemptions over the past week, with Bitcoin and Ethereum products posting about $1.5 billion in combined net outflows. Over the five days ending June 5, iShares Bitcoin Trust (IBIT) accounted for roughly $1.34 billion of that total, while BlackRock's Ethereum ETFs together recorded about $121.8 million in net withdrawals.