Today (June 22), Ethereum remains generally bearish, weakly oscillating around the $1,700 level, facing short-term downward pressure.

Specifically, the price repeatedly encounters resistance in the $1,720 - $1,740 range, with heavy resistance above, requiring attention to several key signals:

· 📉 Macroeconomic pressure: Under the Federal Reserve's hawkish expectations, ETF net outflows continue, and the market lacks macro bullish support for a reversal.
· 📊 Technical weakness: Four-hour chart shows divergence between volume and price; after being suppressed above the $1,760 resistance zone, the short-term trend has turned bearish.
· ⚔ Market sentiment is fragile: In the past 24 hours, approximately $617 million in liquidations across the network, with longs dominating; coupled with geopolitical uncertainties, funds are becoming cautious.

Today, focus on two key areas:

· 🛡️ Key support below: 1,620 or even lower.
· 📊 Strong resistance above: $1,760 - $1,790 is a short-term "high-pressure line" that is difficult to surpass; before a volume breakout, any rebound can be seen as a shorting opportunity.

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