As of June 23, 2026, the current trend remains bearish, and it is recommended to focus on defense, observing more and acting less. ETH is currently weakly oscillating above $1,700, although it has held the key psychological level, it has not yet escaped the risk of further decline.

📊 Key position reference

· Current price: approximately $1,733 - $1,754 (slightly rebounded about 1.6% in 24 hours), but facing heavy resistance above.
· Strong resistance above: around $1,800. This is a convergence area of moving averages and trend lines, and any rebound before breaking through is relatively weak.
· Core support below: $1,700**. Once volume drops below this level, it may open the downward space toward **$1,620** or even $1,590.

💡 Today's strategic thinking

· Main strategy (short-term bullish): If the price rebounds to around $1,750 - $1,760 and encounters resistance, consider a light short position, targeting $1,700, with a strict stop-loss set above $1,805.
· Defensive strategy (wait and see): If the price is supported at $1,700 and shows signs of stabilization, aggressive traders can lightly bet on a rebound, but the expected space is limited, and profits should be taken promptly around **$1,800**.
· Risk bottom line: The current market is suppressed by negative news (such as whale sell-offs, ETF outflows), with extreme fear spreading. Be sure to trade lightly, set stop-losses, and avoid chasing rallies. #感谢关注︱互动︱评论︱转发