Ethereum struggles near 1600 support on June 25. ETH traded near $1,655, down about 0.93% over 24 hours and 4.63% over seven days.
According to CoinmarketCap price data, trading volume stood near $15.42 billion. The token moved between $1,557.87 and $1,677.86 during the session.
Why Ethereum struggles near $1600 support
Market value stood near $199.55 billion, keeping ETH in second place by marketcap. The bounce has eased pressure, but ETH still trades below the recent recovery zone near $1,800.
Ethereum’s daily chart still shows a wider downtrend from the $2,300 to $2,400 zone into the current $1,600 to $1,700 range. Therefore, bulls need a clean move above $1,800 before the structure improves.
Ethereum recently weakened near $1,670 as ETF outflows, weak RSI, and falling open interest kept traders cautious. Specifically, $1,750 and $1,800 remain near−term resistance zones, while $1,580 stays in focus if sellers return.
Ethereum ETF outflows weigh on demand
Spot Ethereum ETFs remain a pressure point for ETH price. Farside Investors data showed the products recorded $30.24 million in net outflows on June 24, marking a fifth straight day of withdrawals. Notably, Fidelity′s FETH led the day′s outflows with $15.69 million leaving the fund.
The latest ETF data followed a larger outflow session one day earlier. As previously reported, U.S. spot ETH ETFs posted $82.35 million in net outflows on June 23. Consequently, that flow pressure came as ETH failed to hold short-term resistance.
ETF flows show whether regulated demand is adding support or cutting exposure. When funds keep losing assets during a decline, spot buyers need to absorb more selling before recovery can form. However, the flow data does not mean all institutional demand has disappeared. It shows that demand remains uneven. Therefore, a return to steady ETF inflows would help sentiment, but ETH has not yet seen that confirmation.
Ethereum whale moves send mixed signals
Large wallet activity also shows a split market. For example, Lookonchain said a newly created wallet withdrew 17,675 ETH (worth about $28.58 million) from Binance. The tracker described the move as a whale “buying the dip.”
At the same time, Onchain Lens said a dormant whale known as 0x096 sold 27,585 ETH for $44.84 million in USDS at an average price near $1,625. The wallet had been inactive for seven years and still locked in an estimated $39.1 million profit.
Leverage also added stress. Specifically, Onchain Lens said Machi was fully liquidated on a 25x ETH long position, losing $1.9 million, before opening another 25x long. His total losses had passed $35.4 million.
Such activity can make ETH moves sharper near key support. Whale buying may help the market, but dormant wallet sales and forced liquidations can reduce confidence. Therefore, this leaves ETH caught between accumulation, profit-taking, and high-risk leverage.
Indicators keep $1,800 in focus
Technical indicators still show a weak recovery. RSI stood near 37.89, slightly below its moving average at 38.75. That reading sits below the neutral 50 level. Consequently, buyers have not regained clear control after the latest bounce.
The Aroon Oscillator stood at -64.29, pointing to continued bearish trend pressure. A negative reading means recent lows remain more dominant than recent highs. This supports the view that ETH is stabilizing, not reversing yet.
The MACD picture looks slightly better. Specifically, the histogram has turned mildly positive, while the MACD line has moved above the signal line. However, both lines remain below zero. Therefore, the wider trend still needs confirmation.
CryptoQuant analyst CryptoOnchain described Ethereum as being in a defensive position near $1,600. The model reduced market exposure to 15%, but said the probability of a bullish shift had climbed to 45%. Additionally, the analyst said stablecoin reserves and netflows on Binance had moved into neutral territory.
Analysts remain divided
CrediBULL Crypto said ETH/BTC is “still chilling at our HTF buy zone” and is waiting for a lower-timeframe base. Crypto Tony said ETH/USD may be forming a triangle, which could point to several weeks of consolidation.
For now, ETH needs stronger follow-through above $1,700 and then $1,800. A break above that zone, with RSI above 50 and an improving Aroon reading, would support a stronger recovery. Conversely, failure to reclaim those levels could keep ETH exposed to another test near $1,580.
