As of June 25, 2026, Ethereum (ETH) has fallen below the key level of $1600 (currently around $1585-$1591), with a drop of over 4% in the past 24 hours, and is in a clear bearish weak pattern.

📉 Market Background

· Capital flight: The ETH/BTC ratio has fallen to a near two-year low, with capital flowing to Bitcoin as a safe haven, causing ETH to follow declines but not rallies.
· Overlapping bearish factors: The Ethereum Foundation's layoffs and budget cuts, persistent net outflows from spot ETFs, and a pullback in US tech stocks have collectively weighed on market sentiment.

🎯 Today's Key Levels

· Resistance above (shorting reference): $1634 - $1660 (first hurdle for a rebound), $1680 - $1694 (key level for short-term stabilization), $1720 - $1766 (strong selling pressure zone).
· Support below (key defense): $1603 - $1616 (short-term bull defense; if lost, will accelerate decline), $1547 - $1550 (mid-term core support), $1503 - $1505 (deep correction target).

📊 Today's Strategy Ideas

· Main strategy (going short with the trend): If it rebounds to the $1634-$1660 range with insufficient volume, consider a small short position. Set stop-loss above $1683, with a target of $1600 or even around $1575.
· Defensive left-hand (cautious long): Only if there is a clear signal of volume-based stabilization around $1603-$1616, aggressive traders can take a small long position with a target of $1645-$1660, and must cut losses strictly if the level breaks.
· Safe strategy (wait and see): If the price oscillates narrowly in the $1650-$1680 range with low volume, it is recommended to stay on the sidelines and wait for a clear direction.
· ⚠️ Special note: There is a large options expiry on June 26, often accompanied by violent volatility. Strictly control position risk. The current unilateral downtrend carries extremely high risk. Please be sure to keep positions light, set stop-losses, and avoid blindly buying the bottom or heavily shorting. #以太坊 #比特币