Ether (eth)
Experienced a sharp flash accident over 21:00 hours on June 21, which fell 7.56% from $ 2,406 to $ 2,224, according to Coindesk Research’s technical analysis model.
The sudden price drop triggered heavy trading activity with more than 751,000 ethn changing hands – almost five times the average hourly volume.
Despite the steep decline, the buyer interest rose around the level of $ 2,250 and helped the asset recover to $ 2,292. During the hour after the crash, ETH increased 0.19% from $ 2,287.54 to $ 2,291.92. A Volume Pike at. 05:58 accompanied a price jump of 3.15% of 7,314 ETH, establishing a new support zone near $ 2,290. The price action that followed formed an increasing channel with higher low, which signaled increased buyer engagement as conditions stabilized.
Technical analysis highlights
- ETH dropped 7.56% from $ 2,406 to $ 2,224 over 21:00 hours on June 21
- Trade volume spiked to over 751,000 ETH, almost five times the typical hourly average.
- At 05:58, ETH 3.15% increased from $ 2,283.94 to $ 2,291.09 of 7,314 ETH volume.
- Price action formed an increasing channel with higher low low after the crash.
- A new support zone formed about $ 2,290 with resistance test to $ 2,297 between 06:17 and 06:20.
- Volume remained elevated during recovery, indicating improved liquidity.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
