---
title: "Ethereum: weekly momentum is the weakest of the majors as price hugs 1,500 support"
published: 2026-06-23T02:23:09.067251+00:00
type: technical_read
scope: ETH
canonical: https://moonwire.org/insights/ethereum-technical-read-2026-06-23.html
tags: [ETH, technical-analysis, trend, momentum, support-resistance, multi-timeframe]
---

# Ethereum: weekly momentum is the weakest of the majors as price hugs 1,500 support

> MoonWire's compute puts Ethereum in an aligned-down structure with the deepest momentum reading of the three majors — weekly RSI near 33.5. Price near 1,731 is pressed toward a support band around 1,505-1,554 that the monthly has tested seven times.

## Key takeaways

- Aligned-down across 3D/1W/1M, with weekly RSI ~33.5 — the weakest momentum among the three majors this week.
- Price near 1,731 trades below its 20-period EMA on every timeframe (3D ~1,927, 1W ~1,980, 1M ~2,745).
- Weekly and monthly trend strength both read strong; monthly efficiency ratio ~0.82 signals a direct, low-noise decline.
- The 1,554 monthly shelf is the most-tested support (seven touches), with 1,505 the nearest 3D/1W support.
- An unmitigated bearish order block sits ~2,009-2,150 on the 3-day.

## The cross-timeframe read

Ethereum's defining tell this week is momentum depth. Trend reads **down on all three timeframes**, and on the weekly RSI sits near **33.5 — the lowest momentum reading among BTC, ETH and SOL this week**, edging toward the sub-30 band many readers associate with stretched, oversold conditions. At a last price of 1,731, price trades below its 20-period EMA on every timeframe (about 1,927 on the 3-day, 1,980 on the weekly and 2,745 on the monthly).

## Trend strength and momentum

Both the weekly and monthly read trend strength **strong**, with the monthly efficiency ratio near 0.82 — an unusually direct, low-noise decline. The 3-day is **moderate**. Momentum is **bearish** across the board: RSI near 37.6 on the 3-day, 33.5 on the weekly and 41 on the monthly. The conventional reading of a strong, efficient downtrend paired with low RSI is a market that is both firmly trending down and increasingly extended.

## The levels in play

The nearest support our pivot scan flags is **1,505 on the 3-day and weekly**, and the monthly marks a closely related shelf at **1,554 that has been tested seven times** — the most-touched level on Ethereum's chart. Nearest overhead resistance our scan flags is around 1,850 on the 3-day and 2,425 on the weekly (two touches).

The order-block scan flags an unmitigated **bearish zone near 2,009-2,150** on the 3-day, an area where prior selling concentrated; no fresh bullish zone is flagged on the shorter timeframes.

*Numbers above are from MoonWire's deterministic TA engine as of the snapshot time and describe current chart structure, not a forecast.*

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