As of June 24, 2026, Ethereum (ETH) remains in a weak bearish trend overall, performing significantly weaker than Bitcoin, with funds continuously flowing out of Ethereum.



Here are the key levels and strategic ideas for your reference today.

📊 Current Market Signal

· Price and Performance: Currently consolidating weakly around $1,660, down about 3.7% in 24 hours, with approximately $170 million in leveraged long positions liquidated.
· Capital Outflow: ETH/BTC exchange rate has fallen to 0.027, hitting a near two-year low, with funds clearly shifting to Bitcoin for safe haven.
· Short-term Bearish News: The Ethereum Foundation completed restructuring, laying off 20% (54 people), raising concerns about the efficiency of ecosystem development.
· Technical Resistance: Price is constrained by the 20-day moving average and a descending trendline, with a daily bearish alignment.

📍 Key Price 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, with increased risk of breakdown).

💡 Strategic Ideas (Mainly Defensive Short Positions)

· Main Strategy (Short on Rises): If the price rebounds to around $1,680** and shows clear resistance, consider a light short position. Set stop-loss above **$1,720, target $1,650 - $1,630.
· Defensive Strategy (Cautious Short-term Long): Only if the price shows **clear volume and stabilization signals** in the **$1,630** area, aggressive traders may take a small long position with a target near $1,675, with strict stop-loss.
· Conservative Strategy (Wait-and-See): If the price fluctuates narrowly between $1,650 and $1,680, it is recommended to stay on the sidelines and wait for more definitive breakout signals.

⚠️ Risk Reminder

· Correlation Risk: ETH is highly dependent on Bitcoin’s short-term movements and lacks independent upward momentum.
· Macro Pressure: The US dollar index is at a 13-month high, putting overall risk assets under pressure.
· Derivative Risks: Options expiration is approaching on June 26, which may lead to sharp volatility. Please trade lightly, set strict stop-losses, and control risks. #感谢关注︱互动︱评论︱转发
ETH0.14%
BTC-0.46%
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GateUser-818d3026
· 31m ago
In this market situation, it's better to miss out than to make a mistake; wait and observe until the direction becomes clear.
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OtcMoonwalker
· 35m ago
The ETH/BTC exchange rate of 0.027 is really heartbreaking; funds have voted with their feet.
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GateUser-517aed04
· 1h ago
If $1600 can't be held, the next target might be the 1500 or even 1400 range.
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GateUser-ae5cc7b3
· 2h ago
The high-altitude strategy is fine, but volatility will increase before the options settlement on the 26th, so the position needs to be lighter.
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OldKeycapTrader
· 2h ago
The foundation’s 20% layoffs have been underestimated as bad news, dealing a blow to confidence in ecosystem development.
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Ethereum2Cards
· 3h ago
Buy the dip and enter the market 😎
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