Ethereum fell 0.83% on June 23 to trade at $1,711.78, well below its major moving average, as three prominent crypto strategists set long-term price targets ranging from $20,000 to $50,000 based on Ethereum’s role in the tokenization of real-world assets.
$ETH Daily chart: Price is trapped under a downward supertrend
Looking at the daily chart, $ETH It has recovered from the crashing lows near $1,500 on June 5th, but is struggling to clear the downside supertrend at $1,850.22 that has rejected all attempts at a bounce since mid-June. All four EMAs are overhead in bearish order. 20 items for $1,757.17, 50 items for $1,902.14, 100 items for $2,064.85, and 200 items for $2,339.38.
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Sharp red zones on the chart indicate areas where price needs to recover before these long-term bullish cases become technically relevant. Right now, $ETH is fighting solely to maintain its short-term floor, in stark contrast to the six-figure goals Wall Street strategists are discussing.
- Resistance: $1,757.17 (20 EMA), $1,850.22 (Supertrend)
- Support: $1,708.23 (session low), $1,500 (June crash low)
$ETH Second half chart: RSI cooling from local peak
The second half chart shows that $ETH It broke below the uptrend line that had been held since the June 6th low, and this structure supported any pullback during the three-week recovery period. This line broke during the latest session, with prices trading below it for the first time since the rebound began.
SAR remains bearish as it remains above the price at $1,771.50, increasing pressure. The RSI of 40.98 has come down from a peak above 75 during the rally in mid-June and is now trending lower, confirming a change in momentum. While the bullish divergence of the RSI from the June 5th lows drove the overall recovery, such a clean break of the trendline typically means that buyers need to recover the breakline quickly or risk a deeper fall towards the $1,675-$1,700 zone where prices consolidated earlier this month.
Long-term outlook for Wall Street $ETH Target amount: $20,000 to $50,000
Dan Tapiro: 5x to 10x move ‘reasonable’
Dan Tapiro, who heads 10T Holdings and manages more than $1.5 billion in digital assets, said on the podcast “When Shift Happens” that a shift from 5x to 10x makes sense. $ETH If the broader crypto market reaches his projected $50 trillion total. he pointed out $ETH The $2,000 level already represents a significant increase from the sub-$100 levels in 2019 and 2020, but the current bear market sentiment tends to lose this perspective.
Tom Dunleavy: The math behind the $20,000 to $50,000 prediction
Tom Dunleavy, a crypto venture investor and former Messalian analyst now at Various Capital, explained the math behind the big bank predictions from VanEck, Standard Chartered, and Bernstein. $ETH From $20,000 to $50,000. With a framework that secures the network with an on-chain net worth of $750 billion to $1 trillion, these price targets are mathematically grounded rather than speculative. He noted that Ethereum is currently winning the early tokenization race and could hold a network value of $2 trillion to $5 trillion within five years.
Tom Lee: “If Bitcoin reaches $250,000, it will be $12,000 to $22,000”
Tom Lee, co-founder of Fundstrat and former chief equity strategist at JPMorgan, has constructed the most detailed short-term case. he quoted $ETHshowed a record inverse correlation with oil prices, and argued that an end to the Iran war could send oil prices crashing toward $40, easing inflationary pressures while keeping interest rates high. He also pointed to the pro-cryptocurrency White House’s Clarity Act and the stance of Federal Reserve Chairman Kevin Warsh as tailwinds. use of $ETH/$BTC Relative to Bitcoin fair value target of $250,000, Lee reached $12,000 to $22,000. $ETH price range, calls $ETH While he expects limited short-term reflexive moves, the stock is cheap at current levels.
$ETH Derivatives: Bulls and bears are roughly balanced
Volume increased by 31.80% to $37.32 billion, and open interest increased slightly by 0.45% to $23.98 billion. When volume increases faster than open interest like this, it usually means that new money is not flowing into the market, but rather that existing traders are actively changing their positions.
The long/short ratio of 0.9944 is completely neutral and about as close to a coin flip as this indicator gets. In 24 hours, long positions of $30.7 million were liquidated against short positions of $24.92 million. Both sides are stopped out by similar amounts, indicating that traders are split down the middle on where to go. $ETH Move on. No one leans so fervently towards one method that it dominates this movement. This usually means the market is waiting for a clear signal before committing.
Ethereum price prediction for June 24, 2026
- Upside: A close above the supertrend at $1,850.22 and the 20 EMA at $1,757.17 will provide technical confirmation for the first time that the recovery from $1,500 has legs and the next target is $1,900.
- Downside: A break below $1,708.23 reopens the path to June lows near $1,500. Lee, Tapiro, and Dunleavy’s long-term bull market is built on years of tokenization growth rather than short-term price action, and the more relevant guide for this week’s price action remains short-term technicals.
