As of June 19, 2026, Ethereum (ETH) is in a bearish dominant pattern, with the price falling below the key level of $1,700, down about 3% over the past 24 hours. The current overall strategy should focus on defense and range trading, closely monitoring several core price levels.

📉 Today's Market Overview

· Price: approximately $1,684 - $1,703, weak consolidation around $1,700 in the short term.
· Liquidations: Nearly $453 million liquidated across the entire network in the past 24 hours, with long positions accounting for the majority ($366 million).
· Macro: Suppressed by the Federal Reserve’s “no rate cut” expectations and a strengthening dollar.

🔍 Key Price Levels and Technical Patterns

· Resistance (strong pressure): $1,745 - $1,758 (first hurdle); $1,780** (20-day moving average) and **$1,940 (50-day moving average).
· Support (life and death line): $1,650 - $1,660 (recent defense line); $1,580** (analyst’s target forecast); **$1,500 - $1,540 (ultimate bottom).
· Technical signals: Broken below the hourly upward channel, lost the 200-hour moving average, bearish trend remains unchanged. RSI around 39, still weak.

📊 Today's Strategy Reference

· Aggressive bottom fishing (high risk): Only try small longs around $1,630 - $1,650, with strict stop-loss below **$1,580**, targeting rebound opportunities at $1,718 and $1,780 for partial profit-taking.
· Conservative wait-and-see: If already holding positions, consider reducing holdings when facing resistance at $1,745 - $1,780 during rebounds. Better to watch more and act less before the trend clarifies.
· Risk reminder: The current rebound is likely just a “correction,” not a reversal. Be sure to control position size (recommended within 15%-20% of total assets) and set strict stop-losses.

💡 Additional Background

· Potential bearish factors: The market is generally waiting for the price to retest near $1,580; although the Q3 “Glamsterdam” upgrade has positive expectations, it has not yet reversed the downward trend.
· Potential bullish factors: Whales are accumulating during the decline (outflow of 475k ETH in early June), and spot ETF outflows are showing signs of slowing.

Summary: ETH’s short-term situation is biased bearish, with $1,580 as the next testing target for the bears. Bottom fishing must include stop-losses, and conservative traders should wait for stabilization signals. #感谢关注︱互动︱评论︱转发