Ethereum remains under bearish pressure, trading below a falling trendline with a sequence of lower highs and lower lows. According to technical analysis published by TheSignalyst on TradingView on June 20, the cryptocurrency is rejecting a confluence zone formed by trendline and structure resistance. The key support area to watch is between $1,350 and $1,500.
Confluence resistance holds firm
The analysis highlights a specific confluence zone where trendline resistance meets structural resistance. That combination can attract more aggressive sellers, and right now ETH is testing that zone from below. A rejection here wouldn't be surprising — it fits the broader pattern of lower highs that's been in place for weeks.
What a break below $1,350 means
The $1,350–$1,500 range is the major support area on the chart. TheSignalyst warns that a decisive break below that zone would make the broader ETH structure much weaker. Bulls need a clean break above resistance before a stronger reversal can be considered. So far, that hasn't happened.
Why altcoin traders should care
Ethereum's price action influences the wider altcoin market. When ETH struggles, risk appetite across DeFi and smaller-cap crypto assets weakens. That means this technical setup isn't just an Ethereum story — it's a bellwether for the whole altcoin space. If support fails, the selloff could spread.
For now, the burden is on buyers to reclaim the trendline before any bullish reversal can gain traction. Until then, the bears are in control.
