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Ethereum trades sideways near $1.7k as whales bet on price drop amid mixed market signals

Technical Signals
22 Jun 2026
AMBCrypto
View Source
Neutral
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Ethereum remains stuck in a narrow range around $1,700, with large holders (whales) increasing short positions, signaling expectations of a price drop. Despite this bearish stance from whales, most traders hold long positions, showing optimism for a rebound. The market lacks strong momentum, suggesting Ethereum may continue trading sideways between $1,600 and $1,700. However, increased derivatives activity could trigger a breakout above $1,850 if short positions face liquidation pressure.

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