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The support below is expected to be extremely solid, with almost no chance of breaking below the $1500 and $1600 levels.
Betting on Ethereum holding above $1500 and $1600 on June 22 has a 99% probability, corresponding to odds of only 1.00x and 1.01x.
The market almost entirely rules out a deep correction scenario where the price falls below $1600, with both support levels forming a strong consensus on pricing.