As of today (June 22, 2026), Ethereum (ETH) is weakly fluctuating above $1,700, with short-term directions divided. Over the past 24 hours, approximately $617 million in liquidations occurred across the entire network, and market sentiment has turned cautious after long leverage positions were wiped out.

Core price ranges:

· Current price: approximately $1,726 (down 0.34% in 24 hours).
· Resistance above: $1,730 - $1,760 (moving average resistance), key breakout level at $1,800.
· Support below: $1,690 - $1,700 (short-term lifeline), core defense zone at $1,670 - $1,690.

Two trading strategies:

· Bearish bias (rebound shorting): If a rebound to the $1,720 - $1,740 range encounters resistance, consider a small short position targeting around $1,680, with a stop-loss set above $1,760. If volume drops below $1,680, follow the trend to short.
· Bullish bias (playing the rebound): If a pullback to the $1,700 - $1,720 range stabilizes, consider a small long position targeting $1,760 - $1,800, with a strict stop-loss below $1,690. **Note**: Going long below $1,800 is a contrarian play; trade lightly.

Potential variables: The ETF ended 17 consecutive days of net outflows, but on June 5, it resumed net inflows of about $19.3 million. This subtle shift among institutional sentiment is one of the few bullish signals currently, and its sustainability should be monitored.

Final reminder: The market is currently highly volatile with fierce battles between bulls and bears. The short-term direction is uncertain. Be sure to set stop-losses, control your position sizes, and note that the above analysis does not constitute direct investment advice. #感谢关注︱互动︱评论︱转发