As of June 23, 2026, Ethereum is weakly oscillating around $1,730, with the overall pattern leaning bearish. Funds are clearly concentrating into Bitcoin (ETH/BTC exchange rate has fallen to a low of 0.027), and on-chain large holders show signs of selling, making short-term rebounds quite resistant.

The current price is within a narrow range of $1,720–$1,760, with strong sentiment on both sides, and it is recommended to patiently wait for the market to choose a direction.

📊 Technical outlook

· Strong resistance zone above: $1,760 - $1,800 (convergence area of moving averages and Bollinger upper band). Only a volume breakout here can temporarily break the weakness. **$1,780** is the key level for the 4-hour converging structure; if it stabilizes above, it may look toward $1,820–$1,830.
· Core support below: $1,700 - $1,720. This is the last line of defense for bulls. If volume breaks below, the downside space could open up to $1,680 or even $1,620.
· Momentum signals: Price is suppressed by the 20-day EMA, RSI around 43, indicating waning upward momentum. After spiking to $1,779 last night, it plunged, and the long upper shadow on the daily chart signals the end of the short-term rebound.

📈 Trading ideas for today

· Main strategy (going short at high): If the price rebounds to around $1,750 - $1,760 and encounters resistance, consider a light short position, with a stop-loss set above $1,780–$1,805. First target at $1,700, second target at $1,680.
· Defensive strategy (playing the rebound): Only if the price shows clear signs of stabilization between $1,700 - $1,720, aggressive traders can try a small long position, with a tight stop-loss below $1,680, targeting $1,760. But currently, the risk-reward ratio for long positions is not high.
· Wait-and-see strategy: If the price remains within the narrow range of $1,720–$1,760, it is advised to stay on the sidelines and wait for a clear direction before entering.

⚠️ Risk reminder

The entire market is at a crossroads, with Bollinger bands tightening indicating an imminent trend change. Recent liquidation data shows fierce long-short battles, and in high volatility, it is essential to trade lightly with strict stop-losses. Avoid chasing rallies or panic selling. #以太坊 #感谢关注︱互动︱评论︱转发 #每日分享