Ethereum just lost the level that had been holding it up for months. That support around $1,670 wasn’t just another line on the chart. Every major bounce came from that area. Now it’s gone. The speed of the move is what stands out most. Buyers had multiple chances to step in and failed. Unless ETH can reclaim this zone quickly, the market is treating it as resistance, not support. That’s a very different chart to the one we were looking at a week ago.

Ethereum just lost the level that had been holding it up for months.

That support around $1,670 wasn’t just another line on the chart. Every major bounce came from that area.

Now it’s gone.

The speed of the move is what stands out most. Buyers had multiple chances to step in and failed.

Unless ETH can reclaim this zone quickly, the market is treating it as resistance, not support.

That’s a very different chart to the one we were looking at a week ago.

— That Martini Guy ₿ (@MartiniGuyYT) Jun 5, 2026