Ethereum technical analysis indicates bullish sentiment is still strong
June 22, 2026
Ethereum continues to display a positive outlook in its technical analysis, demonstrating a bullish trend on the 4-hour chart by maintaining support levels around 1,747 and the anchored VWAP at 1,686. These crucial zones serve as key indicators for the cryptocurrency’s trajectory in the market.
The current analysis highlights Ethereum’s resilience in the face of market fluctuations, with the larger weekly chart displaying a broader channel structure that has been evolving since mid-2022. This channel, defined by parallel touch points from specific dates, provides a framework for understanding Ethereum’s movement within the broader market context.
Zooming into the 4-hour chart offers a more detailed perspective, where the anchored VWAP from the June 6 low at 1,155 emerges as a critical tool for estimating the fair value area post-bottom. Price action near this VWAP zone reflects the market’s ongoing negotiation between buyers and sellers, with a focus on defending higher values to sustain upward momentum.
The Ethereum bulls remain particularly strong while the asset continues to hold above the short-term support level of 1,747. Any potential retracement towards 1,757 could present a strategic entry point for traders seeking a favorable risk-reward ratio. In this scenario, an upside target area near 1,845 paves the way for a potential reward-to-risk ratio of approximately 3:1, contingent on precise entry and stop-loss levels.
However, the bearish case would materialize if Ethereum fails to maintain support at 1,747 or experiences a breakdown below the anchored VWAP zone around 1,686. Validation below the critical level of 1,669.20 would signify a significant shift in market sentiment, prompting traders to exercise caution and reassess their positions accordingly.
Overall, Ethereum’s technical analysis points towards a resilient bullish outlook, contingent on the asset’s ability to sustain key support levels and capitalize on strategic entry points. By closely monitoring critical zones and adhering to risk management principles, traders can navigate the cryptocurrency market with confidence and precision.
