Ethereum Bears Keep Control As ETH Rejects Trendline Resistance
21 Jun 2026 · 02:20 UTC · Bitcoinist RSS Feed · Original source
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Summary
A TradingView analyst indicates that Ethereum remains bearish below a falling trendline, with the $1,350–$1,500 zone still acting as major support.
Why it matters
The bearish sentiment surrounding Ethereum may spill over into the broader cryptocurrency market, particularly affecting altcoins. Market participants are likely to react to Ethereum's inability to break above the trendline, leading to potential sell-offs. The analysis suggests that if ETH fails to maintain support, it could trigger a wave of negative sentiment, impacting both BTC and altcoins in the short to medium term.
Expected impact
Ethereum continues to face bearish pressure as it remains below the key trendline resistance. The $1,350–$1,500 support zone is crucial, and failure to hold this level could lead to increased selling pressure across the broader altcoin market.