Ethereum trades near $1,700 as 5-year investment returns remain flat, analysts highlight $1,750 as key short-term level

Ethereum is trading around $1,731 as of June 22, drawing market attention once again to the critical $1,700 zone. ETH posted a 0.48% increase in the last 24 hours, fluctuating between $1,708 and $1,742 during the day. The asset’s current price sits in close proximity to levels seen in March 2021.

Five-year performance and short-term threshold

Market analyst Ali Martinez notes that despite Ethereum’s volatility in recent years, the cryptocurrency has failed to deliver clear long-term gains for its holders. According to his analysis, a $10,000 investment made five years ago would have approximately the same value today. This highlights how, for all of Ethereum’s sharp rallies and declines, its current price remains close to its entry point for long-term investors.

In the near term, analysts are closely watching the $1,750 level as a critical threshold. Daan Crypto suggests that reclaiming this area would signal renewed short-term strength. Conversely, remaining below it is seen as a sign of weakness. He remarked that ETH briefly broke above its February highs but struggled to sustain momentum, although another attempt is underway.

Key support and resistance levels

From a technical perspective, the area just below $1,700 is being monitored closely. Should this region fail to hold, $1,650 is the next key support level. In the event of a steeper decline, Ali Martinez identifies $1,060 as a critical safety net for the price.

On the upside, $1,960 stands as the main resistance on a monthly timeframe. Ethereum has yet to close above this figure at month’s end. A break above $1,960 could set the stage for an initial target of $2,850, with higher objectives at $3,740 and $4,630 under consideration.

Technical indicators do not yet confirm a solid trend reversal. Although the MACD histogram remains positive, the main readings are still in negative territory. Furthermore, the RSI sits at 40.45, staying below the neutral 50 threshold.

Exchange outflows and institutional accumulation

Significant quantities of ETH were reported to have been withdrawn from Binance throughout June 2026. On-chain analyst Rei Researcher from CryptoQuant observed that while Ethereum hovered near $1,710, there were substantial outflows from exchanges—a dynamic that typically suggests reduced short-term selling pressure.

Meanwhile, institutional purchases by Bitmine have also come into focus. The company reportedly accumulated more than 1.4 million ETH since December 2025, increasing its holdings to a total of 5.54 million ETH. This amount equals roughly $9.40 billion and represents about 4.58% of Ethereum’s circulating supply.

Ethereum’s total market capitalization continues to sit above $200 billion. Despite prolonged sideways movement in the price, Ethereum maintains its position as one of the largest cryptocurrencies by market value.

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