Daily Cryptocurrency Analysis: Ethereum (ETH) Market Performance and Analysis: Based on the latest data as of June 21, 2026, Ethereum (ETH) followed Bitcoin (BTC) into a deleveraging storm triggered by a warning from JPMorgan Chase about miners being forced to sell, leading to an extremely high-stakes technical battle at low levels. Price Dynamics: Currently trading in the $1,700–$1,730 range (approximately 54,915 TWD). This pullback is being constrained by tightened macro market liquidity across the board and the historic withdrawal of IPO funding from SpaceX, causing ETH to fall below key support levels all the way down. Technical Analysis: On the daily structure, ETH previously unfortunately broke below the 100-day moving average (around $2,088) and the important support at $1,950. Currently, the bulls are building the final psychological defense line in the $1,660–$1,700 range. The RSI indicator is currently hovering around 39.2 in the weak zone. While selling pressure has eased, reversal momentum has not yet formed; the most important resistance band above has shifted downward significantly to $1,850 and $1,960. Major Negative Developments and Fundamental Warnings: The Ethereum Foundation faces a “development funding exhaustion” crisis: A former core contributor to the Ethereum Foundation (EF), Trent VanEpps, publicly posted a warning on June 18, stating that as the foundation’s treasury (Treasury) has been gradually depleted over the past 10 years due to frantic ecosystem subsidies, its annual expenditure plan has been reduced from 15% to 5% by 2030. To make matters worse, the four-year “Client Incentive Program (CIP)” that provides staking reward rebates for client teams officially expired in April 2026 with no replacement plan. Core talent drain risk: The report indicates that maintaining Ethereum’s core operations (fighting quantum computing threats, and scalability R&D) requires at least $30 million in stable funding each year. If the funding crisis cannot be resolved, Ethereum could face the predicament of “chronic loss of top development talent.” Although some top corporate treasuries subsequently spoke up to pledge continued development grants, temporarily easing panic, this structural problem has already severely damaged the market’s confidence in the long-term mainnet development pace. Mid- to Long-term Bullish Signals and Turning Points: Expected “Glamsterdam” (Amsterdam) technology upgrade: Although short-term gloom still hangs over the market, the official has reiterated that a major network upgrade codenamed “Glamsterdam” will be formally rolled out in the second half of 2026. The upgrade is intended to further optimize Layer-2 data availability, significantly cut Gas fees, and increase the speed of transaction finality confirmation. This will serve as the core piece of “black technology” used in the second half to defend its “moat” against high-performance public chains such as Solana (SOL). Legislative progress of the CLARITY Act: The U.S. Congress has made substantial progress on advancing legislation for the CLARITY Act, providing a clear legal basis for long-term allocation of staking-enabled digital assets such as Ethereum by institutional investors. Expectations remain that capital for long-term compliance-driven deployments will still be allocated. Disclaimer: For reference only; not investment advice. ‍#Ethereum #ETH $ETH

6.21 Sunday SOL Morning Thoughts Today, SOL continues to show a high-level resistance, weak oscillation, and powerless rebound bearish structure, as a highly elastic mainstream blockchain coin, this round of market trend has fully followed the weak rhythm of the broader market, suppressed by the Fed's hawkish high-interest rate expectations, with overall market risk appetite low, funds generally fleeing to safe assets, and the altcoin and public chain sectors severely lacking incremental funds. Even if there is a slight oversold rebound during the day, it is only a technical correction, belonging to short-term speculation of existing funds, with no major funds entering to support, and no conditions for a trend reversal. Coupled with this week's dense release of US inflation and employment data, the market may experience wide-range shakeouts at any time, with volatility far exceeding Bitcoin and Ethereum. Technically, the daily chart remains in a standard downward channel, with prices continuously suppressed by medium- and long-term moving averages, each rebound accompanied by obvious volume decline and price-volume divergence, with heavy trapped positions at high levels above, making sharp rises prone to concentrated selling pressure and pullbacks; the four-hour rebound highs continue to decline, with a clear short-term moving average death cross suppression, indicators slightly repaired but still in a weak zone, and the bearish structure intact without being broken. Today's key resistance is concentrated in the 83.5–85 range, which is a short-term moving average and trading volume resonance resistance level, with the ultimate strong resistance at 89–92 range difficult to break through; short-term support at 77–79 is very weak, a false support zone, and if effectively broken, it will accelerate downward. The mid-term core defensive line is at the 70 level, and losing it will trigger a new deep bottoming phase. Trading suggestion: rebound at 74.5–75 to look for short positions, target 72, if $BTC broken, see 70.

😴Breaking news! Last night, I had a dream, When Bitcoin hit 250,000😱, and Ethereum surged to 15,000😍! So fragrant, so fragrant😎😎😎 When I woke up this morning and checked my phone, I saw that Bitcoin$BTC hit 64,000, and Ethereum$ETH hit 1,735😷😷😷 The numbers from the dream were more than ten times different from reality, but mysteriously— the market really is quietly changing its tune. Israel has just ordered a ceasefire in Lebanon, and Bitcoin immediately did a V-shaped rebound—falling back from below 63,000 to above 64,000! The delegation of negotiators from the U.S. and Iran has also arrived in Switzerland. The biggest geopolitical uncertainty has temporarily eased. Last night, more than 68,000 people liquidated and left the market, and shorts were cleaned up for 120 million. The ETH/BTC ratio dropped to 0.027, returning to the lows from early 2023—historically, this level often marks Ethereum’s macro bottom. The U.S. Federal Reserve has just released a hawkish signal, and the dot plot shows that rate hikes may happen this year. The macro headwinds are still there, but the charts just won’t go down anymore. The CLARITY Act is being advanced in the Senate, with more than 200 crypto companies submitting a joint petition. Once it takes effect, Bitcoin and Ethereum will be officially classified as digital assets regulated by the CFTC. This is the big news that changes the rules of the game. The 250,000 and 15,000 from the dream aren’t fantasies of getting rich overnight— they are the inevitable path after institutional capital floods in and regulation becomes clear🌚. The market always bottoms in despair and rises amid hesitation. This road is still long, but the direction is getting clearer and clearer. 👇How high did you dream Bitcoin would go? Let’s chat in the comments! #我的Gate交易时刻