For the month of June, very uncertain forecasts are circulating regarding the trend of the price of Ethereum.
The crypto market is currently in a consolidation phase, and the price of $ETH is close to key supports, but it is particularly difficult to accurately imagine how it might evolve.
However, the average of the forecasts indicates limited potential upside in the short term, mainly due to seasonality. Volumes in summer are often lower, and since we are heading into summer this could mean a decrease in selling pressure.
Price trend
After a slight rise in April, May was negative for Ethereum.
In fact, the price of $ETH ended up returning to late-March levels, i.e. below $2,000, whereas shortly after mid-April it had even been above $2,400.
To be honest, until May 10 it had moved sideways within a range between $2,200 and $2,400, but starting from May 11 a decline began that would even seem to still be underway.
Note that the 2026 annual low, $1,700, is no longer very far away, and that in the last few days a rising sideways trend that had been in place since early February has been broken to the downside.
Forecasts
Estimates for the month of June vary significantly depending on the analysts.
They can be summarized in three different scenarios.
The first is conservative/bearish, and is based on the hypothesis that it could lose the critical support located at around $1,960.
This hypothesis foresees that a further breakdown could occur, with a target below $1,800, and perhaps even below $1,600. There are also many technical models that indicate possible re-tests of the $1,700 level.
The second scenario is neutral, and foresees a rebound above $2,000. According to this scenario, in June a return above $2,100 would also be possible, with some analysts even targeting prices above $2,300.
The third scenario is the bullish one, which emerges in particular from the average of the forecasts. In fact, there are several analysts and models that indicate values between $2,000 and $2,700, with potential upside limited in the short term due to seasonality. The hypothesis is that, if the supports hold and a catalyst arrives, such as an upgrade, it could climb back above $2,500 and also test higher resistances.
The upgrade
The fact is that the Glamsterdam upgrade is actually expected for June, although there are already hypotheses circulating that it may be postponed to the third quarter of the year.
Glamsterdam could reduce fees by a further 78% and drastically increase TPS (Transactions Per Second) up to 10,000. Technically it could be a very strong catalyst.
This is the most important upgrade for Ethereum after the 2022 Merge.
It is in all respects a hard fork that combines changes on the Consensus Layer (Gloas) and on the Execution Layer (Amsterdam).
According to several analysts, the impact on the price of $ETH could be bullish in the medium-long term, but any postponement to July or August could have negative impacts in the short term.
Glamsterdam strengthens Ethereum’s fundamentals (scalability, usability, competitiveness), but does not guarantee an immediate price pump, whose trend will also depend on the success and real adoption post-upgrade.
This upgrade, however, in theory should be strongly bullish for the Ethereum ecosystem in the long term, because it improves the scalability and utility narrative. According to several analysts, it represents one of the main positive drivers for a possible recovery of $3,000 by the end of the year.
