Weekly high: ~$1,813 (June 4)

**Weekly low:** ~$1,512 (June 5 — 13‑month low)

Key resistance: $1,680 – $1,700

Key support: $1,550 (retest of the panic bottom zone)

#ETH hit its lowest level since early 2025 at $1,512. The bounce to $1,657 is still shaky — ETH is the weakest among major coins and has been for nearly two months. 24h change is +2%, but weekly losses are heavy at −8.4%. ETH needs to reclaim $1,700 to show signs of stability. If $1,550 breaks, the $1,400–$1,500 range becomes open.

Key events to watch

Macro catalysts

· CPI at 4.2% — markets are repricing rate expectations. Next FOMC meeting will be crucial.

· Escalating Iran situation — Kuwaiti airspace closure, Israel‑Lebanon front warnings. Any escalation = BTC back toward $60k.

· CLARITY Act — 200+ companies lobbying for a Senate vote before midterms. The bill is still alive but not yet priced in.

Market structure signals

· BTC reclaiming $63.5k = first upward step, sets up a test of $65k.

· BTC losing $60k again = confirmed failure, then $57k is next.

· ETH above $1,700 = stability; below $1,550 = new lows.

Sentiment & flows

· Fear & Greed Index at 12 — still in COVID‑era extreme fear levels. Contrarian accumulation zone, but needs a catalyst to flip sentiment.

· BTC bounced from $59.2k — second successful test of the $60k level in two weeks. That’s meaningful.

· Miner margins at record lows — structural sell‑side risk. If BTC stays below $65k, miners may be forced to capitulate.

· USDT dominance still high — capital hiding in stablecoins, waiting for the right moment.

· SMCI down −18% — tech selloff adds to macro headwinds.

· WLFI sharp rally — an isolated Trump‑coin bounce, not a market‑wide move.

Summary & key takeaways

A two‑part week: panic dump to $59.2k, then gradual recovery to $62.8k.

The post‑liquidation bounce on June 5 was the first positive news in weeks. BTC held $60k — barely — while ETH bounced from $1,512 and SOL from $60.40. But CPI at 4.2% brings fresh macro headwinds: inflation is accelerating, not slowing, keeping the Fed hawkish and risk assets under pressure.

Bullish scenario:

Fear & Greed at 12, a strong bounce from $59.2k, the CLARITY Act still alive, and potential miner capitulation causing a supply shock that historically marks bear market bottoms.

Bearish scenario:

CPI at 4.2%, record‑low miner margins with selling pressure, ongoing Iran tensions, and ETH trading at $1,657 without a clear catalyst — eyeing $1,500.

BTC has tested $60k support and held twice in two weeks — that’s a bullish signal. But $63.5k is the level it needs to reclaim for any recovery to gain real momentum. Until then, we’re in stabilization mode, not a rally.

#BinanceSquare #ETH #BTC