As of June 20, 2026, Ethereum (ETH) is weakly oscillating between $1,680 and $1,710, with the overall bearish trend unchanged, and the $1,700 level facing a severe test.

📊 Core Bull-Bear Boundary Line

· Strong resistance zone above: $1,730 - $1,800. Converging with the 20/50-day moving averages, descending trendline, and Supertrend indicator, it is the key area defining trend reversals. Any rebound before breaking through is generally weak.
· Critical support below: $1,680 - $1,620. The current lower boundary of the upward channel overlaps with the Fibonacci 78.6% retracement level. A volume-supported break below could open the downside space toward $1,520 (June low).

💡 Today's Trading Strategy
Current odds favor a bearish bias; long positions require strict stop-losses.

· Rebound to short (main strategy): If the price rebounds to the $1,720 - $1,740 zone and faces resistance, consider small short positions targeting $1,680 - $1,620, with stops set above $1,760.
· Break-down shorting: If volume-supported break below $1,680 occurs, follow the trend with small positions targeting $1,620 or even $1,520.
· Defensive long: Only consider small long positions after a volume-supported breakout and stabilization above $1,800, aiming for a rebound, with stops tightly set below $1,740.

⚠️ Risk Warning

· Heavy bearish signals: Losses by founder Arthur Hayes leading to sell-offs, senior Ethereum Foundation staff resignations, and rumors of funding shortages severely undermine market confidence.
· Capital outflows: Continuous net outflows from spot ETFs, and ETH/BTC exchange rate falling to near two-year lows, indicating a clear preference for Bitcoin.
· On-chain anomalies: Large whales depositing significant ETH into exchanges, often seen as potential sell signals.

Be sure to set stop-losses, control your positions, and recognize that chasing rallies in the current environment carries extremely high risk. The above analysis is for reference only and does not constitute direct investment advice. #感谢关注︱互动︱评论︱转发