Will Ethereum dip to $1,100 in June?

Prediction markets put the probability at 10%: Will Ethereum dip to $1,100 in June. Currently, markets see this as unlikely (10% YES). Crypto News Today: AlphaPepe Presale Hits $1.43M While Ethereum Price Prediction Eyes $10K.

What’s Happening

Ethereum traded near $1,846 on June 3, 2026, after a 7.3% session decline that tested classical TBO support, with the daily RSI dipping to 11.48 — marginally below its February trough. Bitcoin's parallel slide to roughly $62,300 in the first week of June wiped out months of gains, dragging the broader crypto complex lower as the Fear & Greed Index tumbled to 11 and Bitcoin dominance fell nearly 4% since mid-May. The macro trigger came on June 1, when Strategy disclosed its first Bitcoin sale since 2022 — a $2.5 million liquidation that accelerated downside momentum across spot markets. [Kitco, Jun 3]

Despite the broader selloff, Ethereum has registered relative strength against Bitcoin. Standard Chartered's Geoff Kendrick noted on June 2 that Strategy's BTC liquidation marked a counterintuitive turning point for ETH, which printed one of its largest daily outperformance spikes against Bitcoin since 2024. The question of whether ethereum dip to $1,100 in june materializes hinges on how much further BTC drawdown extends — a roughly 40% additional decline from the $1,846 TBO support level would be required to reach the $1,100 threshold. Classical technical support at $1,846 has held through the initial leg of the selloff, with bid absorption visible on intraday tape. [Decrypt, Jun 2]

Forward catalysts remain mixed. Bullish ETH forecasts referenced in June 1 coverage point toward $10,000 targets contingent on sustained ETF inflows and institutional allocation, while the bearish scenario for ethereum dip to $1,100 in june requires a breach of the $1,846 support and continued BTC weakness below $60,000. Market breadth continues to favor downside per Kitco's June 3 read, with RSI extremes near February lows suggesting either capitulation or a near-term mean-reversion bounce. Whether ethereum dip to $1,100 in june resolves depends on the next two weeks of ETF flow data and BTC.D trajectory, with secondary signal coming from Micron's June 24 earnings as a broader risk-asset bellwether. [Markets, Jun 1]

Traded on Polymarket — $61K Volume

Lower-volume market on Polymarket ($61K). Wider spreads expected — enter with limit orders and be aware of slippage risk. Currently 10c YES.