ETH analysis 1st June 2026
ETH flashed the warning on 12th may when it gave back the entire mid-cycle move and then proceeded to move below that price point. This tells us that the asset is likely to correct for the entire phase and rally attempts should be treated with caution and are likely to fail and set up a short sell position. This also had implications for BTC (as we know it is like dominoes in this space) The cycle phasing and the Principal of Synchronicity and the supply and demand relationship also supports the above, therefore the sum of the evidence is that the Ethereum market will likely correct and push to the range extreme and this is why I have said in DC for sometime I have zero interest in longing this market currently and I will apply patience for a better long opportunity in both BTC and ETH