In the morning session of June 30, 2026, Ethereum fluctuated around the 1580-1620 USD range, overall in a low-level recovery phase after a sharp drop, with the direction still unclear.



Core observation points

· Key support: 1580 USD (intraday watershed), if broken, it may retrace to 1550 or even 1510; 1500 USD is the mid-term bull-bear boundary.
· Key resistance: 1605-1625 USD (determines the continuation of the rebound), 1640-1660 USD (strong pressure zone), only a volume-driven breakout above can open upward space.

Two trading strategies

· Conservative (right-side trading): Wait for breakout confirmation. If ETH breaks above 1605-1625 USD with volume, you can lightly follow the rebound; if it falls below 1580 USD, observe more and act less.
· Aggressive (range trading): Primarily go long on pullbacks (as bulls dominated in the early hours), focus on stabilization opportunities in the 1550-1580 range, target around 1640; if it rallies to 1640-1660 and faces resistance, you can lightly short with strict stop loss.

⚠️ Key risks

· Continuous ETF selling: Ethereum spot ETF has seen net outflows for seven consecutive weeks (last week's outflow of $273 million), which is the biggest resistance suppressing the rebound.
· Beware of fake breakouts: The current bearish trend has not reversed, and the rebound is prone to stalling and retracing at 1640-1660. Do not chase highs.#以太坊
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