Why Ethereum (ETH) Slipped to $1,650 Despite Glamsterdam Upgrade Progress

The crypto market faced heavy selling pressure on June 23, 2026, causing Ethereum (ETH) to experience a 3.92% single-day correction, closing near the $1,658.58 pivot zone. The second-largest cryptocurrency extended its multi-week downtrend, underperforming a broadly declining crypto market and erasing nearly two weeks of local price consolidation.