Ethereum trades at $1,711.78 on June 23, down 0.83% and sitting well below every major moving average, as three prominent crypto strategists laid out 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 Trapped Below a Falling Supertrend
The daily chart shows $ETH recovering from the June 5 crash low near $1,500 but struggling to clear the descending Supertrend at $1,850.22, which has rejected every bounce attempt since mid-June. All four EMAs sit overhead in bearish order: 20 at $1,757.17, 50 at $1,902.14, 100 at $2,064.85, and 200 at $2,339.38.
Related: Arcium Price Prediction: ARX Doubles in Hours as Upbit Listing Goes Live Today
The sharp red zone on the chart marks the territory price needs to reclaim before any of these long-term bull cases become technically relevant. Right now, $ETH is fighting just to hold above its own short-term floor, a stark contrast to the six-figure targets being discussed by Wall Street strategists.
- Resistance: $1,757.17 (20 EMA), $1,850.22 (Supertrend)
- Support: $1,708.23 (session low), $1,500 (June crash low)
$ETH 2H Chart: RSI Cooling From a Local Peak
The 2H chart shows $ETH breaking below the ascending trendline that had held since the June 6 low, a structure that supported every pullback through three weeks of recovery. That line gave way during the latest session, with price now trading beneath it for the first time since the bounce began.
SAR at $1,771.50 sits above price and remains bearish, adding to the pressure. RSI at 40.98 has dropped from a peak above 75 during the mid-June rally and is now trending lower, confirming momentum has shifted. The bullish RSI divergence from the June 5 low drove the entire recovery, but a trendline break this clean usually means buyers need to reclaim the broken line quickly or risk a deeper slide back toward the $1,675 to $1,700 zone where price consolidated earlier this month.
Wall Street’s Long-Term $ETH Targets: $20,000 to $50,000
Dan Tapiro: A 5x to 10x Move Is “Reasonable”
Dan Tapiro, who leads 10T Holdings and manages over $1.5 billion in digital assets, said on the When Shift Happens podcast that a 5x to 10x move is reasonable for $ETH if the broader crypto market reaches his projected $50 trillion total value. He noted $ETH at $2,000 already represents a massive gain from sub-$100 levels in 2019 and 2020, a perspective often lost in current bear market sentiment.
Tom Dunleavy: The Math Behind the $20K-$50K Forecasts
Tom Dunleavy, a crypto venture investor and former Messari analyst now at Various Capital, explained the math behind big-bank forecasts from VanEck, Standard Chartered, and Bernstein projecting $ETH at $20,000 to $50,000. Using a framework where $750 billion to $1 trillion in net on-chain assets secures the network, those price targets become mathematically grounded rather than speculative. He pointed out Ethereum is currently winning the early tokenization battle and could plausibly hold $2 trillion to $5 trillion in network value within five years.
Tom Lee: $12,000 to $22,000 If Bitcoin Hits $250K
Tom Lee, Fundstrat co-founder and former JPMorgan chief equity strategist, built the most detailed near-term case. He cited $ETH’s record inverse correlation with oil prices, arguing an end to the Iran war could collapse oil toward $40 and ease the inflation pressure keeping rates elevated. He also flagged the Clarity Act, a pro-crypto White House, and Fed Chair Kevin Warsh’s stance as tailwinds. Using the $ETH/$BTC ratio against his $250,000 Bitcoin fair value target, Lee arrived at a $12,000 to $22,000 $ETH price range, calling $ETH cheap at current levels even though he expects limited near-term reflexive movement.
$ETH Derivatives: Bulls and Bears Roughly Balanced
Volume jumped 31.80% to $37.32B while open interest rose a modest 0.45% to $23.98B. When volume rises faster than open interest like this, it usually means existing traders are actively repositioning rather than a wave of new money entering the market.
The long/short ratio of 0.9944 sits at dead neutral, about as close to a coin flip as this metric gets. Over 24 hours, $30.70M in long positions were liquidated against $24.92M in shorts. Both sides are getting stopped out in similar amounts, which tells you traders are split right down the middle on where $ETH goes next. Nobody is leaning hard enough one way to dominate the move, which 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 would mark the first real technical confirmation that the recovery from $1,500 has legs, with $1,900 as the next target.
- Downside: A break below $1,708.23 reopens the path toward the June low near $1,500. The long-term bull case from Lee, Tapiro, and Dunleavy is built on multi-year tokenization growth, not near-term price action, and near-term technicals remain the more relevant guide for this week’s price action.
