Morning market review - Saturday, June 20, 2026

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On the daily chart of Ethereum, we see a continuation of the downward trend that started a few months ago. The current price is 1724.7 USD, and support is around 1600 USD. Resistance is visible at the level of 1900 USD. The 50-day moving average crosses the 200-day moving average from above, signaling a possible continuation of declines. The current rebound may be a correction within the broader downward trend, but there are no clear reversal signals.

On the 4-hour chart of Ethereum, we observe consolidation in the range of 1700-1800 USD after previous declines. The current bounce from the support level of 1700 USD may suggest a short-term upward movement; however, there is a lack of clear momentum. Moving averages indicate mixed signals, and the volume remains relatively low, which may suggest a lack of decisiveness among investors.

The hourly chart shows a slight rebound from the 1700 USD level with clear resistance at 1750 USD. The price is still moving within a narrow range, indicating a lack of a clear trend. Short-term moving averages suggest a potential breakout to the upside, however, the volume does not yet confirm a strong move. A break of resistance will be key to initiate further increases.

On the 15-minute chart, we see a local rebound, and key support is located around 1710 USD. The price is trying to break the 1730 USD level, but there is a lack of significant volume, which may limit further increases. The trend is sideways, with a slight upward tendency. A breakout above 1730 USD could open the way for testing higher resistance levels.

Options data indicates a dominance of put positions, with a put/call ratio of 1.14, suggesting a bearish sentiment. The largest open put positions are at the level of 9 USD (-30.8% from ATM), which could set potential support in the event of further declines. Max pain at the level of 9 USD also confirms the current bearish outlook. Investors seem to anticipate further weakening of the Ethereum price, which may impact short-term price action.

Ethereum is in a downtrend, with key support at 1600 USD and resistance at 1900 USD. Short-term movements indicate a potential rebound, but there is a lack of clear momentum. Options data and market sentiment are bearish, suggesting caution when opening long positions. A break above the 1750 USD level may initiate a short-term increase.