Ethereum News: Last Chance to Buy Ethereum Under $2K? ETH USD Powers Up After Hormuz Peace Deal

In the latest Ethereum News, Ethereum ETH Price is trading at $1,739 up 4% in 24 hours, as risk assets catch a bid following the Hormuz peace deal, and the chart is setting up a move traders haven’t seen in years. The question isn’t whether ETH bounces.

It’s whether this is the last entry point before $2,000 becomes a distant memory. One analyst just called ETH the most oversold it has ever been in its history, a claim that deserves more than a scroll past.

On June 14, 2026, analyst Ash Crypto flagged that ETH’s monthly RSI has fallen below readings recorded at the 2018 and 2022 bear market bottoms, both of which preceded multi-hundred-percent recoveries.

$ETH is now the most oversold it has EVER been in its history.

– Down -70% from its ATH
– Price at the same level as 4 years ago
– Monthly RSI more oversold than the 2018 and 2022 bear market bottoms

In the last bear cycle, ETH crashed -82% from its ATH and formed a bottom in… pic.twitter.com/ensndVp1Gr

ETH is down nearly 70% from its all-time high and trading at price levels last seen four years ago. The asset bounced from a swing low of $1,603 and has since pushed toward $1,731, then pulled back to consolidate above the 23.6% Fibonacci retracement of that range.

The Hormuz peace deal injected fresh macro tailwinds across risk markets, with Bitcoin reclaiming $65,000 and dragging large-cap alts along with it. That broader backdrop matters; ETH rarely stages a sustained recovery without BTC providing the lift.

ETH is holding above the $1,700 pivot after clearing what Bitget describes as a key resistance level, signaling a noticeable improvement in market outlook.

Volume backs the move. 24-hour trading sits at $26 billion against a $210 billion market cap, suggesting genuine participation rather than thin-air price action.

The technical structure is range-bound but coiling. Near-term support sits at $1,665 and $1,640, with resistance stacking at $1,690, $1,701, and $1,715. CoinCodex projects a potential high near $1,845 within days.

ETH holding $1,700 and clearing $1,734 opens the door to $1,923 and $2,133 in sequence. Consolidation between $1,665 and $1,780 through the week with a gradual grind toward $1,845 is the base case if BTC sentiment holds steady.

A daily close below $1,603 voids the bounce thesis entirely and reopens $1,585 and potentially lower.

The structural argument comes from RSI. Monthly extremes this deep have historically preceded violent recoveries rather than continued bleed. That does not guarantee the bottom is in. But the asymmetry is harder to ignore than usual.

ETH at $1,720 is compelling on historical metrics, but even a move to $2,022 represents roughly 17% upside from a $200+ billion market cap asset.

Significant in absolute terms; modest relative to where early-stage capital has historically multiplied. ETH’s market cap dynamics underscore exactly why some rotation toward smaller, pre-launch projects makes tactical sense during macro recovery windows.

LiquidChain ($LIQUID) is an L3 infrastructure project building what it calls the Cross-Chain Liquidity Layer, fusing Bitcoin, Ethereum, and Solana liquidity into a single execution environment.

The pitch is structural rather than speculative: a Unified Liquidity Layer with Single-Step Execution and Verifiable Settlement means developers deploy once and access all three ecosystems without bridging friction.

The presale is currently priced at $0.0147 with $841,128.18 raised to date. Early-stage infrastructure plays at this raise level carry real risk — liquidity, execution, and adoption are all unproven, but the entry price reflects that risk explicitly.

Research LiquidChain here before the presale price moves.

The post Ethereum News: Last Chance to Buy Ethereum Under $2K? ETH USD Powers Up After Hormuz Peace Deal appeared first on Cryptonews.