ETH slides below $1,700 as ADA hits sub-$0.16 amid rising activity and June 9 vote

Ethereum (ETH) fell sharply this week, dropping 17% and losing a key $1,800 level, which the report says has flipped from support to resistance. At the time of publication, ETH was below $1,700 and looking for buyers, with a potential bounce area noted around $1,500, based on a prior reversal in early 2025 ^[1].

Cardano (ADA) headlines on June 5 focused on both price pressure and on-chain activity. One report says active addresses reached 28,459—citing Santiment data—marking a four-month high. Other coverage highlighted renewed weakness, with ADA dropping to about $0.16 and, according to one outlet, trading around $0.163 at the time of writing, including references to a first move below $0.16 since December 2020 ^{[2] [3]}.

Multiple outlets also tied ADA’s move to ongoing selloff context and upcoming governance. One article claims ADA fell to the first sub-$0.16 level since December 2020 and points to a “bottom” pattern repeating ahead of a June 9 governance vote. Another report similarly emphasized ADA’s fall to near $0.16, describing the drop as severe and highlighting Charles Hoskinson’s “taking a break” comment as a trigger mentioned by the publication ^{[4] [5]}.

Overall, June 5 coverage underscored broad weakness in major altcoins—ETH sliding below former support levels—and highlighted Cardano’s combination of low price levels and elevated network activity in the midst of renewed market pressure ^{[1] [2] [3]}.