Ethereum (ETH) Daily Market Analysis 29 June 2026

Ethereum faces multiple headwinds near $1,560-$1,600 as institutional selling and ecosystem uncertainty weigh on price. • ETH trades at $1,567.82, down 8.14% weekly with persistent spot ETF outflows reaching $273.34M (26 June 2026) • Ethereum Foundation cut 20% staff and 40% budget on 23 June, raising concerns about development pace • Glamsterdam upgrade delayed to H2 2026, removing a key near-term catalyst for valuation • DeFi TVL remains strong at $43-45B (53% global share), but on-chain activity hasn't offset institutional pressure • Social sentiment is cautiously optimistic, with traders watching $1,570 support and $1,600 resistance for direction