As of June 23, 2026, Ethereum is weakly oscillating above $1,700, with the short-term direction unclear but overall bearish, heavy resistance above and support levels facing tests.

📊 Core Bull-Bear Divide

· Strong resistance above: $1,760 - $1,800. This is the convergence zone of moving averages, trendlines, and Bollinger upper bands, where any rebound remains weak until a clear breakout. The next key resistance zone is $1,830-$1,850.
· Core support below: $1,700 - $1,720. A volume breakdown below this could open the way to $1,620 or even $1,590.
· Current price: approximately **$1,733**, constrained by the 20-day EMA ($1,764) and other multiple moving averages, RSI around 43, with weak momentum.

⚠ Market Background

ETH/BTC exchange rate has fallen to around 0.027, with funds clearly favoring Bitcoin. On-chain data shows large holders are inclined to sell, and the total locked value (TVL) on the chain has significantly shrunk, weakening the rebound foundation.

📈 Today's Strategy Ideas

· Main Strategy (High Altitude): If the price rebounds to around $1,750 - $1,760 and encounters resistance, consider a small short position, with a stop-loss set above $1,780-$1,805. The first target is $1,700**, the second target is $1,680.
· Defensive Strategy (Low Long/Speculate on Rebound): If clear stabilization signals appear around $1,700-$1,720, aggressive traders can try small long positions, targeting $1,760-$1,780, with a tight stop-loss below $1,680. But in the current weak state, long positions are not highly cost-effective.
· Wait-and-See Strategy: If the price fluctuates narrowly between $1,720 and $1,760, it is recommended to wait and observe, and only follow up once the breakout direction becomes clear. #感谢关注︱互动︱评论︱转发