Ethereum is trading at $1,583 on June 28, 2026 — up 0.06% — consolidating above MA(7) at $1,575 and MA(25) at $1,582 for the first time since the June selloff began. The 1H chart shows ETH has reclaimed both short-term moving averages and is approaching MA(99) at $1,591 — the last resistance before the $1,600–$1,611 zone. The $1,512 cycle low established on June 26 has now held across three consecutive sessions, and volume has dropped 85% from the June 26 capitulation peak — a classic post-capitulation base-building signature.