Ethereum drops to $1,575, must reclaim $1,950 by June close

ETH tests 9-year “golden triangle”; $1,950 close will set the path

Ethereum (ETH) is pressing into the apex of a long‑running triangle on the 3‑week chart. A close around $1,950 will decide if the structure holds or fails (analyst note).

The ascending support has survived the Covid crash, the 2022 bear, and the ongoing 2026 correction. No 3‑week candle has closed below it yet (multi‑year support test). The latest drawdown follows the August 2025 ATH at $4,946 (price slide context).

“Moment of truth,” says Crypto Tice on X (source). The upper boundary sits near $4,800–$4,900. That range capped the 2021 peak and the recent retest.

• Bullish: A 3‑week close above $1,950 keeps the nine‑year structure intact and opens a push toward the upper band. Next level to watch is $4,350 (price level).
• Bearish: Multiple closes below $1,950 break the rising support and cancel the triangle thesis (breakdown scenario).

At writing, ETH trades at $1,575, down 6% on the day and 22% on the week. There is time to reclaim $1,950 before June ends.