Ethereum Price Prediction: ETH is Still Below Its 200 Week SMA, and Tom Lee Buying Spree Might End Soon

Ethereum price is trading above $1,700 after running for 5% today, and even our prediction model is calling for more leg higher. However, ETH remains pinned below its 200-week simple moving average, a level that historically separates accumulation floors from genuine bull market re-entries.

Tom Lee, after weeks of aggressive buying, is finally closing in on Bitmine 5% supply target. He is getting closer to his target, and Ethereum might lose its support defender.

Ethereum is doing well, but whether this bounce has legs or is simply just a dead-cat bounce is the question every ETH holder is asking.

Discover: The Best Crypto to Diversify Your Portfolio

Spot ETH is closing to $1,800, price is recovering. Key levels are well-defined. Support clusters between $1,600 and $1,665, with the strongest floor sitting at $1,640.02. It’s anchoring its key support at $1,665.

Immediate resistance runs from $1,715 to $1,740. ETH has to close above $1,740 on meaningful volume to open a realistic path toward the $1,840 area that short-term forecasting models flag as a mid-June target.

The macro backdrop matters here, too. Institutional sentiment around the debasement trade has kept crypto broadly bid, but ETH specifically has been an underperformer relative to BTC this cycle. It’s a dynamic that doesn’t resolve on technicals alone.

Staking-related sell pressure has eased, which removes one headwind, but the 200-week SMA overhead remains a significant gravitational ceiling.

Discover: The Best Token Presales

ETH at $1,760 with a $200B market cap and a ceiling at its 200-week SMA is not the setup that generates 10x returns from here, not in the near term. Traders looking for asymmetric exposure during this consolidation window have been rotating toward earlier-stage infrastructure plays where price discovery hasn’t yet occurred.

LiquidChain ($LIQUID) is one project gaining traction in that context. It’s a Layer 3 infrastructure protocol built around a single execution environment that fuses Bitcoin, Ethereum, and Solana liquidity, a genuinely differentiated architecture at a time when cross-chain fragmentation remains one of DeFi’s most persistent friction points.

LiquidChain is always cooking something new.

This is what happens when a great idea meets innovation. pic.twitter.com/qYbth0impA

The project’s Unified Liquidity Layer and Deploy-Once Architecture mean developers write once and access all three ecosystems, which is the kind of structural utility that institutional-grade builders actually care about.

Presale figures as of writing: $0.0147 per $LIQUID, with $840K raised to date.

For traders who want exposure to the infrastructure layer while ETH consolidates overhead resistance, researching LiquidChain is worth the time.

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