$ETH Ethereum (ETH/USDT) June 22 Price Movement Analysis Report

Time period: 1-hour chart

1. Core Range and Key Levels

Pressure zone: 1,759 - 1,788. This is the dense trading area after the previous drop, and also the “ceiling” of the recent rebound. Once the price touches this zone, it is likely to trigger selling pressure from position unwind orders.

Support zone: 1,698 - 1,717. This is the recent area where the bottom has stabilized. Long positions show strong defensive willingness here, making it the lifeline of the short-term trend.

2. Current Trend

At present, the market is in “range-bound consolidation with corrective movement, on the eve of a directional choice”:

Bottoming and rebounding: After the price touches the low near 1,670, it rebounds strongly

Retreat after meeting resistance: After rebounding to above 1,75, it meets resistance and pulls back. This shows that selling pressure still exists above, and bulls currently lack the momentum to break through the resistance zone directly.

Sideways consolidation: The current candlesticks are fluctuating narrowly around 1,733, indicating that the market is waiting for a new catalyst, with bulls and bears in balance.

3. Trading Strategy Reference

Sell high and buy low (range trading strategy):

Short opportunity: If the price once again pushes up to around 1,755 - 1,760 and forms an upper shadow or shows a stagnation signal, you may consider a short trade. Set the stop loss above 1,770, and target a pullback to 1,730 or even 1,715.

Long opportunity: If the price retraces to the 1,710 - 1,717 support zone and does not break it, you may consider a long trade. Set the stop loss below 1,695, and target 1,740 - 1,750

4. Risk Warning

The market is currently in a “squeezed range with resistance above and support below.” The open position’s risk-reward ratio at the middle level (1,733) is generally not favorable. It is recommended to be patient and wait for the price to move closer to the upper or lower edges before taking action. At the same time, pay attention to Bitcoin’s price movement linkage—if BTC experiences a significant fluctuation, ETH will most likely follow and break out of the current range.

Disclaimer: Note: The above analysis is based on the current price action pattern. The market can change in an instant; please make a comprehensive judgment by combining real-time market conditions and fundamental news.

Be alert to sudden external impacts on market sentiment from macroeconomic data and policy news, among other factors.

Set stop losses strictly and control position risk. The above analysis is for reference only and does not constitute investment advice. #美伊谈判第一轮结束