As of June 24, 2026, Ethereum (ETH) remains in a weak bearish trend overall. After spiking to $1,779 last night, it sharply declined with high volume to $1,633, and is currently consolidating weakly around $1,660, with limited rebound strength.

Market Key Signals

· Continuous capital outflow: ETH/BTC exchange rate dropped to 0.027, hitting a nearly two-year low, with funds clearly fleeing to Bitcoin for safety.
· On-chain risk: If it falls below $1,648, approximately $674 million in long positions on major exchanges face liquidation.
· Technical resistance: Price is constrained by the 20-day moving average and descending trendline, with a bearish alignment on the daily chart.
· Short-term negative events: Ethereum Foundation has cut 20% of its staff, raising short-term concerns about ecosystem development efficiency.

Today’s Key Levels

· Resistance above: $1,680 (short-term first hurdle), $1,720–$1,766 (strong selling pressure zone).
· Support below: $1,630–$1,650 (today’s low area), $1,600–$1,611 (last line of defense for bulls).

Today’s Strategy Reference (Mainly shorting on rallies, follow the trend)

Main Strategy (short on rallies): If the rebound faces clear resistance near $1,680, try short positions with light size, stop-loss above $1,720, targets sequentially at $1,650–$1,630.

Defensive Strategy (cautiously long): Only if the price shows clear volume-supported stabilization signals around $1,630, aggressive traders may take small long positions targeting near $1,675, with timely stop-loss if broken.

Conservative Strategy (wait and see): If the price fluctuates narrowly between $1,650–$1,680, it is recommended to stay on the sidelines and wait for a clear direction.

Risk Reminder

1. Options expiration approaching: Large options expiries on June 26 may cause intense volatility.
2. Macro uncertainties: US stock trends and Federal Reserve policies remain key external variables affecting market sentiment.

Currently, the market favors the bears. Rebound longs should be very cautious, use small positions, and strictly set stop-losses. Controlling risk is the top priority. #感谢关注︱互动︱评论︱转发