As of June 25, 2026, Ethereum (ETH) is in a weak pattern after a breakdown, with prices oscillating around $1,580 - $1,620, a 24-hour drop of over 4%, and briefly breaking below the key $1,600 level.

In terms of current strategy, taking short positions on rallies is the main approach, while attempting to catch bounces requires extreme caution, and you must keep a close eye on the potential volatility from the large option expiration on June 26.

📊 Key Levels Reference

· Upper resistance: $1,634 - $1,652 (first short-term pressure zone); $1,660 - $1,680 (short-term strength/weakness divide); $1,720 - $1,773 (strong resistance zone).
· Lower support: $1,550 - $1,600 (core defense zone); $1,492 - $1,524 (mid-term key level); if lost, could drop to $1,200 - $1,430.

⚠️ Bearish Dominance: Multiple Suppressions and Potential Risks

· Extremely weak technicals: ETH is suppressed by all major moving averages, forming a bearish arrangement. $1,700 has turned from support to strong resistance, with bounces to this level often accompanied by selling pressure.
· Persistent capital outflow: The ETH/BTC exchange rate has fallen to 0.027, a near two-year low, with capital clearly flowing to Bitcoin as a safe haven. Spot ETH ETFs also continue to see net outflows.
· Negative fundamentals: The Ethereum Foundation laying off 20% of its staff, combined with declining network activity, has hit market confidence.
· Key turning point: Large option expiration on June 26 could cause significant market volatility, requiring strict position risk management.

📈 Two Trading Ideas for Today

· Shorting with the trend (higher win rate): If there is clear resistance in the $1,634-1,652 or $1,660-1,680 range on a bounce, enter a light short position. Set stops above $1,690 or $1,720, targeting $1,600, $1,550, or even $1,500.
· Cautious bounce play (aggressive only): Only consider if a volume-supported stabilization signal appears in the $1,550-1,600 range, with strict stops. Currently, on-chain whales are accumulating, but the downtrend has not reversed, leaving some uncertainty in the market.

The market favors bears. Be sure to use light positions, strict stop-losses, and prioritize risk control above all. #比特币 #以太坊