ETH Market Analysis 2026.06.23

On June 1st, it was clearly stated that ETH would continue to decline, with a target drop to 1500, and then ETH rebounded after falling from 2020 to 1505.

In the video on June 21st, it was suggested that if ETH has any further rebound highs, it must break above the green Gann angle line 3/1 this week. Last night, it was resisted near that level and pulled back. What’s next?

If ETH still cannot break above 1790 before June 26th, then 1849 might be the end point of the rebound starting from 1505. After confirming the rebound ends, ETH will fall to late July or early August.

If ETH continues to decline before June 26th, with the 4-hour candlestick closing below the support zone of 1636-1606 and unable to rise above that level afterward, the probability of 1849 being the rebound high will increase.

On the daily chart, 1524-1504 is the critical support line. If the daily candlestick closes below this, ETH will test the next support level at 1350.

Skilled traders focus on the trend rather than volatility. Rebounds in a bear market won’t make them overconfident, and the subsequent declines after a rebound won’t scare them. Because they know each drop accelerates pushing the market toward the final bottom. #eth $ETH