June 10, 2026, the cryptocurrency market generally came under pressure, with Ethereum (ETH) continuing its recent downward trend, closing lower overall.

Before answering your question, it should be noted: cryptocurrency market volatility is extremely high. The following information is a static description at a specific point in time on that day and does not constitute any investment advice.

📉 Main price data for the day

Ethereum fluctuated within the range of approximately $1,600 to $1,650 on that day, with data from major quotation platforms as follows:

· Financial media (morning data): approximately $1,634.45 (June 10, 9:15 AM)
· Lowest dip (evening data): approximately $1,612.61 (down 3.96% within 24 hours)
· Main price range: approximately $1,624 - $1,628 (down about 3.6%-3.7% within 24 hours)

📊 Key events and market analysis

· Market sentiment and macro factors: On the macro level, the better-than-expected U.S. May employment report triggered investor concerns that the Federal Reserve might maintain high interest rates, leading to increased risk aversion in the market. Additionally, last week (around June 3 to 9) saw a nearly 12% decline, fueling panic sentiment and bearish expectations.
· Technical analysis: The price was well below the 50-day, 100-day, and 200-day exponential moving averages (EMA). The daily Relative Strength Index (RSI) had fallen to around 25, indicating oversold conditions, but the overall trend remained downward. Key support levels are at 1,524 below and a recovery level at $1,650 above.
· Capital flow divergence: Despite the price decline, institutional whale BitMine announced on the same day that it spent about $123 million to buy 75,000 ETH. Additionally, several large holders continued to buy on that day.

Overall, on June 10, 2026, Ethereum showed a battle between bulls and bears: macro sentiment and technical factors dominated the downward trend, while large institutional accumulation against the trend added uncertainty to the market.