Ethereum News Today: ETH Holds $1,583 Above Key MAs and Base Formation Continues

Last Updated: June 29, 2026

Ethereum is trading at $1,574 on June 29, 2026 — down 0.40% — entering the final hours of June’s monthly candle with a 10.57% weekly loss, the worst 7-day performance among large-cap assets. The 4H chart shows MA(7) and MA(25) converging again at $1,577 — the same double-MA compression setup that appeared on June 28 before resolving lower. MA(99) at $1,681 sits $107 above current price, a gap that reflects how far ETH has fallen from its June 22 high of $1,745. Volume picked up 28.59% on June 29 — a notable jump that bears watching: if it accompanies a further decline, it signals distribution; if it coincides with a recovery close, it signals accumulation.

Key Takeaways

• ETH at $1,574 on June 29, down 0.40%; 24H high $1,589, 24H low $1,548, 7D –10.57%
• 4H MA(7) and MA(25) reconverged at $1,577 — double-MA compression setup repeating
• MA(99) at $1,681 — $107 above price; gap reflects full extent of June selloff
• Volume up 28.59% on June 29 — directional signal depends on where price closes
• Cycle low $1,512 (June 26) held; June monthly close above $1,548 preserves the base
• BitMine Russell 1000 inclusion complete — 5.67M ETH (4.7% supply) in passive index funds
• Ethereum Foundation 40% spending cut confirmed — treasury sell pressure structurally reduced
• Glamsterdam upgrade targeting Q3 2026 mainnet; Morgan Stanley MSSE ETF pending SEC approval

Ethereum Price Metrics — June 29, 2026

Metric	Value
ETH Price (current)	$1,574
24h Change	–0.40%
24h High	$1,589
24h Low	$1,548
7D Change	–10.57%
Market Cap	$189.81B
24h Volume	$7.89B (+28.59%)
Circulating Supply	120.68M ETH
Cycle Low (June 26)	$1,512
4H MA(7)	$1,577
4H MA(25)	$1,577
4H MA(99)	$1,681
Key Resistance	$1,577 (double MA) → $1,600 → $1,681
Key Support	$1,548 (24H low) → $1,512 (cycle low) → $1,480–$1,500
ATH (Aug 24, 2025)	$4,951.66
ATH Drawdown	~68.2%

Ethereum Price Today, June 29, 2026: The Monthly Close That Matters

June’s final candle for ETH opened at approximately $1,745 on June 23 and is closing near $1,574 — a roughly 9.8% intramonth decline that mirrors Bitcoin’s worst monthly performance of the cycle. The 7-day loss of 10.57% is the steepest among top-5 assets, reflecting ETH’s higher beta to downside moves when macro pressure combines with crypto-specific selling.

The June 30 monthly close has the same significance for Ethereum as it does for Bitcoin. A close above $1,548 — today’s 24H low — preserves the technical base built above the $1,512 cycle low. A close below $1,512 would be the most bearish monthly signal ETH has printed in 2026, opening the $1,480–$1,500 demand zone as July’s first target. Current price at $1,574 is $62 above that threshold — manageable unless volume continues to rise alongside further selling.

Double MA Compression Returns: Resolution Imminent

The MA(7) and MA(25) reconverging at $1,577 on June 29 is the same setup that appeared on June 28 — and that setup resolved to the downside as ETH drifted from $1,583 to $1,574. The pattern repeating suggests a larger directional move is still loading rather than having resolved.

Volume up 28.59% changes the dynamic: the June 28 compression happened on very low volume, which is why the move was small. June 29 has meaningfully higher volume, which means the compression resolution — whichever direction it takes — is more likely to produce a sustained move rather than a drift. A close above $1,577 on this volume profile would be genuinely constructive. A close below $1,548 on this volume would confirm active distribution and reopen $1,512.

Support and Resistance — June 29

Level	Type
$1,681	Resistance — 4H MA(99)
$1,600	Resistance — psychological level
$1,589	Resistance — 24H high
$1,577	Resistance — 4H MA(7) and MA(25) converged
$1,574	Current price
$1,548	Support — 24H low
$1,512	Support — June 26 cycle low
$1,480–$1,500	Support — next major demand zone

BitMine, Glamsterdam, MSSE ETF: Three Structural Catalysts Intact

The June selloff has not changed any of the three structural demand catalysts for Ethereum.

BitMine’s Russell 1000 inclusion completed on June 26 with 5.67 million ETH — 4.7% of all circulating supply — now permanently embedded in passive index funds benchmarked against $4+ trillion in assets. Of that, 86% is actively staked and validator-locked, meaning it cannot be sold on short notice. The forced buying from index rebalancing has occurred; the structural supply reduction is ongoing.

The Ethereum Foundation’s confirmed 40% spending cut removes a predictable source of treasury selling that institutional traders have modelled as an overhead supply headwind through 2024–2026. The cut does not eliminate foundation selling, but it meaningfully reduces the volume.

Morgan Stanley’s MSSE ETF — the first proposed ETH ETF with staking yield pass-through at 95% to shareholders — remains pending SEC approval. If approved, it creates a product type that directly addresses the opportunity cost argument for institutional allocators comparing ETH to Treasuries in a high-rate environment.

The Glamsterdam upgrade targeting Q3 2026 mainnet — 78.6% gas fee reduction, 10,000 TPS — provides the development roadmap catalyst. Testnet milestones expected in July and August will be the incremental price signals independent of macro conditions.

Why Is ETH the Worst Large-Cap Performer This Week?

ETH’s –10.57% weekly loss versus Bitcoin’s –5.76% reflects two dynamics operating simultaneously. First, ETH’s higher beta amplifies Bitcoin’s moves in both directions — when BTC falls 5.76%, ETH typically falls more. Second, the CLARITY Act uncertainty specifically affects ETH as much as XRP: the bill would classify Ethereum as a commodity under CFTC jurisdiction, removing regulatory uncertainty around staking rewards and ETH’s securities status. Falling passage odds remove a re-rating catalyst that had been partially priced in.

The relative weakness versus Bitcoin on the weekly timeframe is not unusual at this stage of the correction cycle. In prior cycles, ETH’s recovery from the cycle low has been faster and larger than Bitcoin’s once macro conditions stabilise — the higher beta works in both directions.

Ethereum Price Comparison

Asset	Price (June 29)	24h	7d
Bitcoin (BTC)	~$59,213	–1.57%	–5.76%
Ethereum (ETH)	$1,574	–0.40%	–10.57%
XRP	~$1.045	–0.41%	–8.05%
Solana (SOL)	~$70	–2.3%	–2.27%
BNB	~$554	–0.4%	–5.37%
TRON (TRX)	~$0.321	+0.1%	–1.69%

Where to Buy Ethereum

Binance — deepest ETH/USDT liquidity globally. Bybit — spot and perpetual ETH pairs. Coinbase — US-regulated, ETH staking on platform. Kraken — strong compliance record, ETH staking with competitive APY. KuCoin — broad ETH pair selection. Gate.io — wide token range. OKX — spot and futures ETH trading. Uniswap — leading decentralized exchange for ETH and ERC-20 tokens from self-custody.

This page is updated regularly. Prices shown are approximate and may differ from live data. Nothing on this page constitutes financial advice. Always conduct independent research before investing.

FAQ

What is Ethereum’s price today, June 29, 2026?
Ethereum is trading at $1,574 on June 29, 2026, down 0.40% over 24 hours and 10.57% over the past week — the worst 7-day performance among large-cap assets. The 24H range is $1,548–$1,589. The 4H chart shows MA(7) and MA(25) reconverged at $1,577, with volume up 28.59% — a setup that typically precedes a larger directional move. The $1,512 cycle low from June 26 has held; the June 30 monthly close above $1,548 is the minimum condition to preserve the technical base.

Why is Ethereum down 10.57% this week?
Ethereum’s 10.57% weekly decline reflects its higher beta to Bitcoin’s moves — when BTC falls, ETH typically falls more in percentage terms. The week’s losses began with the Fed’s ongoing hawkish stance, accelerated through the CLARITY Act passage odds falling to 48% on Polymarket, and peaked on June 26 when ETH hit $1,512 alongside Bitcoin’s $58,115 cycle low. ETH’s specific exposure to CLARITY Act news — the bill would classify Ethereum as a commodity and resolve staking reward regulatory uncertainty — adds downside when passage odds deteriorate.

What is the Glamsterdam upgrade?
Glamsterdam is Ethereum’s next major protocol upgrade, targeting Q3 2026 mainnet deployment. It aims to cut gas fees by 78.6% and push throughput to 10,000 transactions per second — the most significant execution-layer improvement since The Merge in September 2022. Testnet milestones are expected to begin appearing in July and August 2026, providing incremental positive catalysts for ETH price independent of macro conditions.

What is the BitMine Russell 1000 inclusion and why does it matter for ETH?
BitMine joined the Russell 1000 at market close on June 26 with 5.67 million ETH — 4.7% of all circulating supply. Every passive index fund tracking this $4+ trillion benchmark now holds BMNR proportionally. BitMine has staked 86% of its ETH holdings, generating a projected $233 million in annual staking revenue. That staked ETH is validator-locked and cannot be sold quickly, permanently removing a significant portion of supply from short-term market pressure.

What is Ethereum’s all-time high?
Ethereum’s all-time high is $4,951.66, reached on August 24, 2025. As of June 29, 2026, ETH trades approximately 68.2% below that record. The 2026 cycle low is $1,512, printed intraday on June 26 — three sessions ago and not retested on a closing basis since.not retested since.