NewsBTC
Jun 22, 2026
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Ethereum risks fall toward $1,500 if $1,718 breaks

1 min

ETH Price Setup Hinges on $1,718 Level

Ethereum is testing a key equilibrium zone after hitting institutional supply, with traders watching whether price holds or slides toward the major $1,500 demand area.

TradingView analyst Champ_of_Gold says ETH reacted from supply between $1,732.4 and $1,761.9. The immediate watch is $1,718.5 — a break below could trigger a deeper move.

At writing, ETH trades near $1,765, after an intraday low at $1,704.

  • $1,718.5 is the reaction point.

    • <liDeeper target: $1,562.7–$1,500 demand zone.

    <liInvalidation: reclaim and hold above $1,761.9 supply high.

The downside zone blends past demand with the $1,500 psychological mark — often a key point for either strong buying or continuation lower.

For now, short-term traders are focused on two outcomes:
1. ETH holds above $1,718, cooling bearish pressure.
2. Price breaks below, opening path toward the $1,500 area.

Source: TradingView analysis by Champ_of_Gold.