Ethereum (ETH/USD) — 1H Coinbase

ETH tells a very different story right now. After getting absolutely crushed from above $1,800 all the way down to $1,521 in early June, it managed to bounce back up to $1,720 around June 8 — which looked promising at the time. But since then, it's been slowly drifting lower and is now sitting at $1,664 with barely any movement on the day (+0.19%). Basically, ETH is stuck in a consolidation range between $1,612 support and $1,720 resistance, and neither bulls nor bears are committing to a direction yet. For bulls to get excited again, ETH needs to reclaim $1,720 with conviction, which would then put the major resistance at $1,814 back in play. But if price slips below $1,612, that deep support at $1,521 becomes the next destination, and that's a level nobody on the long side wants to revisit. For now, ETH is just dead in the water — waiting for a catalyst.