Ethereum Bulls Fight to Hold $1,611 Support
ETH selloff accelerates as bulls battle to defend $1,611. Here's what the resistance breakdown means for traders and how to position for the next move.
24/06/2026 · 3 min de leitura · ETH · Trading · Technical Analysis · Altcoins
Can Ethereum hold the $1,611 line?
Ethereum is under sustained selling pressure, with $1,611 emerging as the level bulls must defend to avoid a deeper slide. Sellers are actively holding resistance above current prices, capping every attempt at recovery and keeping the short-term trend tilted lower.
When a market repeatedly fails to reclaim overhead resistance while a selloff gathers pace, it signals that supply outweighs demand at these levels. For ETH, that makes $1,611 less of a floor and more of a battleground — a level whose hold or break sets the tone for the sessions ahead.
Why the resistance structure matters
Resistance defended above spot price is a textbook sign of distribution: larger holders offloading into strength rather than chasing it. As long as that ceiling stays intact, rallies are likely to be sold, and momentum traders will lean short into bounces.
The $1,611 zone acts as the immediate decision point. A clean hold could trap late sellers and spark a relief squeeze; a decisive break opens the door to lower support zones as stops cascade and forced selling kicks in.
What it means for traders
Risk management beats prediction here. If you trade spot, defending $1,611 means watching for a daily close back above it before adding exposure — buying into a confirmed loss of support is catching a falling knife.
For leveraged traders, this is exactly the kind of range where position sizing decides survival. On OFFCODE, USDC perpetuals run up to 50x via Hyperliquid, so a sharp break of $1,611 can wipe undersized margin fast. Set hard stops, size for volatility, and treat the level as your invalidation point rather than a hope-and-hold zone.
Patient traders may prefer to wait for resolution: a reclaim of resistance for longs, or a confirmed breakdown to trade continuation. With instant PIX deposits, you can stay liquid and act the moment ETH picks a direction.
Source
Based on reporting by invezz. Read the original: https://invezz.com/news/2026/06/24/can-ethereum-bulls-defend-1611-as-eth-selloff-gathers-pace/