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Ethereum (ETH) maintains stability above its minimum price range, but analysts say that a drop below $1500 still poses a clear risk.
Ethereum lost support near the $1800 level and moved into the lower part of its price range.
The demand zone between $1450 and $1550 remains the main support area.
A relief rally toward the $1820 to $1900 level may fail if sellers resist the resistance.
Ethereum Support
A Shayan Markets analyst stated on June 10 that Ethereum is still under selling pressure after losing the $1800 zone and slipping into the lower demand area.
The daily chart shows that Ethereum's price is trading within a wide range, with resistance near $1750 to $1850, and support around $1450 to $1550.
Buyers have defended the lower area near $1500, preventing any larger decline for now.
The asset is still trading below the long-term downtrend line and the 100-day and 200-day moving averages, keeping the overall structure bearish.