Technical Analysis

A 3-week chart analysis says ETH is approaching the apex of a long-running "golden triangle" pattern that has remained intact through multiple downturns. The setup highlights $1,950 as the key 3-week close level; holding it keeps a bullish path in play, with $4,350 as a next level and an analyst target of $10,000. ETH was quoted at $1,575 at the time of writing, down 6%, and down 22% over the past 24 hours and seven days, respectively.

Bitcoin is hovering around the $60,000 area as traders watch whether the support level holds. On June 5, 21Shares strategist Matt Mena said a breakdown could shift attention to $55,000, while holding support would help keep a $100,000 year-end target in view. He also pointed to U.S. May jobs data and renewed scrutiny of Strategy (MSTR) as factors influencing sentiment.

Terra Classic (LUNC) logged five consecutive down days and has fallen 30.82% since June 1, while daily trading volume rose 20% but stayed below the 20-day average. Higher-timeframe structure was described as still bullish, with demand noted near $0.000054, though the 1-hour trend needs a move above $0.0000686 before bulls regain clearer control.

Bitcoin fell below $62,000 on June 5, 2026 after opening at $63,812 and later touching $62,045 as sentiment weakened. The move followed $3.58 billion in 12 straight sessions of U.S. spot ETF outflows and Strategy's sale of 32 BTC (about $2.5 million), its first since December 2022. A Fear & Greed Index reading of 12 underscored the risk-off mood as markets focused on the $60,000 level next.

Ethereum has shifted into a pronounced bearish structure after losing multiple higher-timeframe supports, with price now trading near $1.56K. Technical levels highlighted include former support at $1.75K-$1.85K turning into resistance, while demand zones to watch sit around $1.45K-$1.55K and potentially $1.15K-$1.30K if weakness persists.

Polymarket odds are indicating a record-high 65% probability that Bitcoin falls below $50,000 in 2026, as June opens with BTC down nearly 20%. The market has also flipped into “extreme fear,” while CoinGlass data shows nearly $500 million in BTC long liquidations in under 48 hours after Bitcoin slid below $60k for the first time in almost four months.

MemeCore fell 14.16% over the past 24 hours, with sellers reasserting control after weeks of choppy trading. Trading volume climbed 11.72% to $10.63 million, while Open Interest sank 18.06% to $83.22 million, pointing to a rapid exit by leveraged traders. Price is testing support near $2.72 as indicators weaken and near-term liquidity sits around $3.10–$3.25.

An AI model analysis says Ethereum (ETH) could end June 2026 near $2,225, with a broader closing range of $2,150 to $2,300. At publication time, ETH traded at $1,556, down more than 4% over 24 hours and 23% over the past week. The model also outlined upside and downside bands tied to ETF flows, staking dynamics, and broader market conditions.

Zcash’s ZEC slid nearly 50% from its $624 high on June 4 before rebounding about 18% over the past 24 hours, after a disclosed Orchard shielded pool flaw prompted an emergency patch. Meanwhile, Near Protocol’s NEAR fell back to around $1.91 and Worldcoin’s WLD to roughly $0.41, giving up recent gains as traders refocus on support levels.

On June 6, 2026 at 8 a.m. EDT, bitcoin rebounded from a weekend dip to $59,100 and briefly pushed above $61,600 before slipping into a tighter range. Over the last hour, BTC traded around $60,800–$61,000 on Bitstamp as volume thinned and traders waited for a clearer directional break.