On the evening of June 26, 2026, Ethereum was trading weakly in the $1,510–$1,550 range, with bears dominating overall. The core point of contention is whether the $1,500 integer support level can hold.

Since today is the quarterly options expiry, combined with continued ETF outflows, volatility is expected to be very high. It is advisable to keep positions light or wait on the sidelines.

📉 Short on trend (more logical approach)

· Logic: In a bearish trend, shorting at resistance levels has a higher win rate.
· Entry: If price rebounds to the $1,555–$1,570 range or encounters resistance near $1,620.
· Stop loss: Place above the entry price, around $1,620.
· Target: Focus on $1,500 and $1,420.

📈 Bet on a rebound (extremely high risk)

· Logic: Only attempt with light position when a clear stabilization signal appears at a key support level, and trade quickly.
· Entry: Around $1,510–$1,525, if a stop-loss signal such as a long lower wick with volume appears.
· Stop loss: Must be strictly set below $1,495.
· Target: First target $1,575, second target $1,620.

⚠️ Important Risk Warning

The current market structure is bearish, and any rebound is more likely a short-term repair. Never hold onto a losing position; stop-loss is your lifeline.