Market Analysis
SOLUSD midweek: holding $74.67 after Tuesday drop, NFP Friday, 2026-06-01
Solana trades at $74.67 Wednesday, down $7.61 from Monday's open as traders position ahead of Friday's US jobs data.
2 min leesEthereum closed Wednesday at 1870.11, marking a decline of 133.75 dollars from Monday's 2003.86 open. The week's range spans from Tuesday's 1813.73 low to Monday's 2018.17 high, a 204-dollar swing in just three sessions.
Tuesday delivered the decisive move when ETHUSD plummeted from 2003.31 to 1834.51, erasing 169 dollars in a single session. The selloff coincided with broader risk aversion as USD/JPY hit 160 and prompted verbal intervention from Japan's finance minister, shaking confidence across crypto markets.
No major economic releases appear on the calendar for Thursday and Friday, leaving Ethereum to trade on broader market sentiment and any spillover from traditional forex volatility. If risk appetite returns and price holds above Tuesday's 1813 low, the 1900 round number becomes the first resistance. If sellers regain control below 1850, the psychological 1800 level comes into focus.
Current positioning shows 61.2% of LHFX traders holding long positions versus 38.8% short. This bullish skew suggests many traders view Tuesday's selloff as overdone, betting on a recovery attempt despite the week's harsh price action.
The 1850 area represents the immediate battleground, sitting just below Wednesday's open and acting as the dividing line between recovery and further decline. If buyers defend this level through Friday, it validates the bounce attempt. If it breaks, Tuesday's 1813.73 low becomes the next test. You can trade ETHUSD alongside Bitcoin and other major cryptocurrencies with competitive spreads at LHFX.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
Die inligting op hierdie webwerf stel nie 'n aanbod of uitnodiging voor om aan enige beleggings- of handelsaktiwiteit deel te neem in enige jurisdiksie waar sodanige aktiwiteit in stryd sou wees met plaaslike wet of regulasie nie, en moet ook nie so vertolk of verstaan word nie.
LHFX verskaf nie dienste aan burgers en inwoners van die Verenigde State of enige land waar sodanige verspreiding of gebruik strydig sou wees met plaaslike wet of regulasie nie.
RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.