Market Analysis (June 20)

ETH Market Analysis Time: 2026/6/20 Evening Session Timeframe: 1-hour timeframe Current Price: Around 1728 Validity: Next 4 hours Market Structure Analysis: After stabilizing around 1670, ETH has been trending upwards, successfully breaking through the 1716 resistance level and holding above 1720. Currently, the price is consolidating around 1728, with bulls still firmly in control. The price action has been as follows: 1670 → 1696 → 1716 → 1724 → 1728, with consistently higher lows and highs, indicating a high-level consolidation structure within an uptrend. The price has now entered the resistance zone around 1730 and is currently in a consolidation phase before a breakout. Support and Resistance Levels: First Support: 1720-1723; Strong Support: 1716; Extreme Support: 1696; First Resistance: 1730-1732; Strong Resistance: 1742-1745; Trend Resistance: 1752-1765. Key Observation Levels: In the next 4 hours, pay close attention to: whether 1720 continues to provide effective support, whether 1732 can be broken with volume, and whether the 1742 resistance level has been broken. ETH is currently consolidating at a high level after breaking through 1716, with the overall trend still bullish. 1720 has become a key short-term support. In the next 4 hours, it is likely to maintain a slightly bullish oscillation within the 1720-1732 range. If it breaks through 1732 with volume, it may further attack the 1742-1752 area; if it falls below 1720, pay attention to the support levels around 1716 and 1705. The market is expected to be volatile over the weekend. Strategies have been provided in the internal community; those who want to follow the trades can check the Q section on the homepage.