Friday, 26 June 2026

Why Ethereum Could Be Primed for a Major Correction

In this video I break down the latest Elliott Wave analysis for Ethereum and evaluate the potential for a deeper correction toward the 1,000 dollar milestone. I examine the current WXY wave structure and explain how these patterns inform my support and resistance levels for the coming months.

Ethereum (ETH) is trading at approximately $1,550 as of today, June 26, 2026, marking a severe 5.5% intraday decline and dropping over 21.9% since the beginning of June. The asset is under heavy bearish pressure after breaking its critical support at $1,550 earlier today, touching lows near $1,510 before slightly recovering. Visit Trading Platform >>

Ethereum (ETH) Price News & Insights Today 26-6-2026 - Technical analysis, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.

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Ethereum Insights Today

-ETF Outflows Accelerate: Heavy institutional selling is punishing the asset. On June 25 alone, spot Ethereum ETFs saw net outflows of over $80 million, compiling a 7-day total net outflow of 46,391 ETH. This marks the seventh consecutive week of negative crypto fund flows.

-Derivatives Expiry & Liquidations: Massive market-wide stress triggered $1.1 billion in futures liquidations over the last 24 hours, over $850 million of which were long positions. This coincided with a monumental $10.63 billion quarterly options expiry on Deribit.

-Macroeconomic Pressures: Following the release of the U.S. Personal Consumption Expenditures (PCE) index—the Fed's preferred inflation gauge—broader crypto markets crumbled, pushing Bitcoin below $60,000 and sending the Crypto Fear and Greed Index into "Extreme Fear" at 13.

-Ethereum Foundation Budget Cuts: The Foundation announced it is eliminating 54 positions (20% of its workforce) and cutting its 2026 budget by 40%. Co-founder Vitalik Buterin noted a structural shift toward slowing treasury expenditures. Buy Ethereum >>