On July 1, 2026, the overall sentiment in the Ethereum (ETH) market is bearish. The price is trading weakly in a range around $1,570 and is facing a test of key support in the short term.

📉 Core Market Dynamics

· Key Price Levels: $1,500 is the most important psychological and technical line of defense. If it breaks down with increased volume, it could accelerate the drop and probe toward $1,400. $1,600–$1,620 above is the first strong resistance zone.
· Funding Pressure: Recent spot ETF outflows have totaled $345 million, offsetting the bullish impact of institutions accumulating coins. In the past 24 hours, 85,000 people worldwide have been liquidated.
· Weak Market Liquidity: The 24-hour trading volume is only about $1.5 million, and investors are largely in a wait-and-see stance.

📊 Mainstream Strategy Reference

· Short the Trend (Mainstream): If the price rebounds and stalls around $1,600–$1,620, consider a small-position short. The downside target is $1,560–$1,550.
· Defensive Play (Cautious): If the first pullback reaches $1,540–$1,550 and shows clear stabilization signals, you may try an ultra-light oversold rebound trade. You must enter and exit quickly and use strict stop-losses. However, the broader trend is still downward, so blindly buying the dip is not recommended.

⚠️ Risk Warning

· Downside Risk: If $1,500 is lost, it may trigger a wave of long liquidations and further intensify the decline.
· Macro Pressure: Sticky inflation reduces expectations for rate cuts, and the high-yield environment continues to suppress risk assets. #以太坊