As of June 24, 2026, Ethereum is in a weak bearish pattern, trading around $1,660, down approximately 3.7% in the past 24 hours, clearly underperforming Bitcoin.

📊 Core Market Signals

· Capital Outflows: ETH/BTC exchange rate drops to 0.027, a two-year low, with funds continuing to flow into Bitcoin for safety.
· Ecosystem Negative News: Ethereum Foundation layoffs of 20% (54 people), causing short-term market concerns.
· Liquidation Risks: About $170 million in leveraged longs liquidated; if it falls below $1,648, more long positions will face risk.

🎯 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 (final defense line for bulls).

💡 Today’s Strategy Reference (Mainly Shorting)

· Main Strategy (Short on Rises): If it rebounds to around **$1,680** and faces resistance, try short positions with a small amount, stop-loss above $1,720, target $1,650-$1,630.
· Defensive Strategy (Cautious Short-term Long): Only when **$1,630** shows clear volume stabilization signals, aggressive traders can lightly go long towards $1,675, with strict stop-loss.
· Conservative Strategy (Wait-and-See): If trading within $1,650-$1,680 with narrow fluctuations, it’s recommended to stay on the sidelines and wait for a clear trend.

⚠️ Risk Reminder

· Correlation Risk: ETH heavily depends on Bitcoin’s movement, lacking independent upward momentum.
· Macro Pressure: US dollar index at a 13-month high, putting overall risk assets under pressure.
· Delivery Risk: Options settlement approaching on June 26, which may cause sharp volatility.

The above strategies are based on current market technical and capital analysis and do not constitute investment advice. Market volatility is high, please trade lightly and set strict stop-losses. #感谢关注︱互动︱评论︱转发