As of June 18, 2026, Ethereum (ETH) remains under pressure amid multiple macroeconomic bearish factors, currently trading in a weak range between $1,730 and $1,750.

Macro background: Dual liquidity pressures

ETH faces two major bearish shocks: the hawkish stance of the Federal Reserve (maintaining high interest rates) and the Bank of Japan raising rates to 1% (a 31-year high), jointly draining global liquidity. The market fear index is only 15 (extreme fear), and although spot ETF funds have flowed back, the scale is minimal, with a lack of incremental capital.

Key bullish and bearish levels

· Resistance above: $1,755-$1,768 (4-hour Bollinger middle band pressure); $1,790-$1,810 (20-day EMA and key neckline).
· Support below: $1,720-$1,730 (short-term lifeline); $1,645-$1,655 (starting point of this rebound, a break below would open downtrend space).

Today’s strategy reference

Focus on rebound shorting with defensive low buying.

· Short-term high-level (main strategy): If the rebound reaches the $1,742-$1,768 zone and faces clear resistance, consider light short positions targeting $1,720-$1,700, with a stop-loss above $1,792.
· Defensive low buying (cautious): Only when the price first stabilizes after retesting near $1,645-$1,655, consider small long positions to play the oversold rebound, with a strict stop-loss below $1,635, targeting $1,730-$1,750.

Risk control reminder

Expected volatility today is high; leverage should be controlled within 5x. The key level is the $1,700 mark: if it effectively breaks down, bulls should exit decisively, which may trigger accelerated declines. Strictly adhere to stop-loss rules.

This analysis is based on current market data and does not constitute investment advice. Be mindful of risk control. #感谢关注︱互动︱评论︱转发 #以太坊