Ethereum price is bleeding. ETH sits at $1,650, down 6% in in a brutal fashion, and the technical setup offers little comfort for bulls hoping for a quick reversal.
Just before the drop, ETHLABS, a newly formed independent organization, is joining the battlefield frontline to save ETH. The non-profit organization is co-founded by five former Ethereum Foundation researchers and is backed by BitMine, SharpLink, and ConsenSys founder Joe Lubin.
Announcing Ethlabs: a non-profit R&D lab for Ethereum and ETH
Our mission is to make Ethereum the settlement layer of the global economy.
The internet became global because shared protocols created a common language between networks. Private systems remained useful, but…— Ethlabs (@ethlabs_org) June 22, 2026
According to its X post, it is on a mission to position Ethereum as the world’s primary settlement layer for institutional capital. ETHLABS is targeting specific friction points, such as scalability gaps, compliance ambiguity, and reliability concerns, that have kept large allocators cautious about ETH exposure despite the network’s dominance in DeFi and smart contract infrastructure.
Can ETHLABS raise the Ethereum price like a phoenix?
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Can Ethereum Price Recover Above $1,800 or Is the Bearish Structure Intact?
ETH printed $1,650, down from $1,750 just hours ago. The recent leverage flush accelerated the selloff, and the technical picture clearly reflects that damage.
ETH is trading below its 20-, 50-, and 100-day EMAs, a clean bearish stack. Near-term resistance clusters at the 20-day EMA at $1,764 and the 50-day EMA at $1,911, with a descending trendline capping any rally attempts. RSI is recovering toward 43, and the Stochastic Oscillator sits mid-range, so downside momentum is cooling, but neither reading confirms a reversal is underway.
On the downside, $1,550 and $1,400 are the two levels to watch if selling resumes. A breach of the deeper $1,150 floor would reopen a structurally bearish continuation. It would be the kind of move that takes months to repair psychologically, not just technically.
Ethereum (ETH)24h7d30d1yAll time
For now, if ETHLABS can catalyze institutional inflows and ETH reclaim its 20-day EMA, momentum could flip positive heading into the next roadmap update. However, risk-off macro sentiment could also push ETH through near-term support levels before any ecosystem narrative gains traction. ETH’s network-level challenges remain a factor that no single initiative resolves overnight.
The data points to patience being the operative posture here. Price could stabilize around current levels, but a confirmed trend reversal requires the EMA to recapture its previous level, and that hasn’t happened yet.
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Bitcoin Hyper Targets Early Mover Upside as Ethereum Tests Key Levels
When a Layer 1 as established as Ethereum is under structural pressure, capital doesn’t simply sit idle, it scouts. ETH’s bearish EMA stack and macro-driven headwinds make it a frustrating hold for traders seeking near-term asymmetry, which is precisely when early-stage infrastructure plays tend to capture attention.
Bitcoin Hyper ($HYPER) is currently in presale at $0.013682, having raised $32 million to date. The project positions itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. It combines Bitcoin’s security with sub-second smart contract execution that the team claims outperforms Solana itself on latency.
The architecture includes a Decentralized Canonical Bridge for BTC transfers and high-speed, low-cost transaction processing (the kind of throughput that Ethereum is still being criticized for lacking at the base layer). Staking is live with high APY incentives for early participants.
Research Bitcoin Hyper before the presale window closes.
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