Ethereum price hits annual low around $1.700

The Ethereum price is under significant pressure. On 4 June 2026, ETH drops to a new yearly low and briefly touches the $1.700 zone, after which a small bounce follows. At the time of writing, Ethereum stands at $1.800. a decline of 5.5% in the past 24 hours. Analyst TedPillows warns that the next serious support zone is only around $1.500,

Ethereum is available at OKX and Bybit.

New yearly low for Ethereum

With today’s decline, ETH sets an unwanted record: it is the lowest level of the year. The price touches the $1.700 zone before buyers step in and push the price up slightly. Still, sentiment remains fragile and TedPillows’ chart shows that there are few strong support zones between the current level and $1.500,

On the daily chart, multiple red resistance zones are visible at higher levels such as $2.150. $2.400 and $2.624, This shows how much ground Ethereum has lost in recent months. A recovery towards those zones would require a major turnaround in market sentiment.

$1.500 as key zone for long-term buyers

According to TedPillows, the zone around $1.500 is the most important level to watch. This level coincides with the bottom of 2025 and the all-time high that Ethereum set in 2018. That makes it a technically and historically significant support zone where serious long-term buyers are expected to step in.

Whether Ethereum will actually reach that zone is of course not certain. The chart shows multiple scenarios, with a bounce from the current $1.700 zone also possible. Nevertheless, TedPillows indicates that he is only truly convinced of sustainable demand from the Ethereum market at $1.500, For now, the price remains volatile and traders will be watching the low levels closely in the coming days.