$1,910 ETH—Have you cut your losses?
Look at the surface first: despair is spreading, and faith is collapsing.
It has fallen 48% in a year, from its ATH of 4946 to a low of 1500, and has now barely rebounded to 1910. After finally climbing from 1600 to 1900 in July, it was slammed back down from 1920-1930. It is consolidating near 1900 and forming a bottom, with RSI neutral and moving averages tangled. A major move is imminent, so stop selling at the bottom.
First: ETF net inflows have continued, but you may be blinded by the price.
On August 6, ETF net inflows reached $92.1 million, with BlackRock alone buying $81.1 million. Cumulative inflows over the past week exceeded $200 million.
Institutions are aggressively buying below 1900, while retail investors are cutting losses and exiting around 1900.
At the same price, when it first fell to 1900, retail investors said, “It will fall further.” When it rebounded to 1900 for the second time, retail investors said, “Sell the rebound and get out.” When it reached 1900 for the third time, institutions quietly bought the sell orders you placed.
Second: ETH’s fundamentals are too strong to ignore.
The Glamsterdam upgrade is progressing, with parallel processing and expanded data capacity, targeting a launch by the end of 2026. Robinhood Chain, an Arbitrum L2, has launched, and traditional financial institutions are beginning to integrate it. RWA and stablecoin dominance remain unshakable.
Vitalik is adjusting the foundation’s direction to focus on AI safety and a quantum-resistant roadmap, laying the groundwork for the next decade.
Third: The technical chart has produced a signal that must be taken seriously.
On the daily chart, ETH has rebounded after forming a bottom at 1500, rising nearly 25% in July and currently consolidating in a range around 1900. On the 4H chart, the moving averages are tangled, RSI is neutral, and volume is moderate—a classic setup for an imminent move.
But 1920-1930 has held three times, while 1980-2000 is a dense psychological and liquidation zone. Will the fourth attempt break straight through, or will it be slammed back to 1800 again?
You decide who wins the battle between bulls and bears
On one side:
ETF net inflows continue, with institutions accumulating over $200 million this week
Whales and listed companies continue increasing their holdings, with clear accumulation by on-chain addresses
The Glamsterdam upgrade + Robinhood Chain + stablecoin ecosystem expansion
Nearly 30% rebound from 1500, with the trend recovering
On the other side:
Down 48% for the year, with retail faith collapsing
Rejected three times at 1920-1930, with heavy supply overhead
Today’s NFP data hangs over the market, creating macro uncertainty
Rebounding oil prices in the Middle East have reignited inflation concerns
Key levels
Resistance above: 1920-1930 → 1980-2000 (psychological level) → 2200+
Support below: 1890-1900 → 1850-1870 → 1800-1830 (iron floor)
Trading strategy
Short-term traders:
On a high-volume breakout above 1920-1930, go long with a small position, targeting 1980-2000, with a stop-loss at 1880. If 1890 breaks, try a small short position, targeting 1850-1830, with a stop-loss at 1920.
Swing traders:
Accumulate in batches on pullbacks to 1850-1870 or around 1800, targeting 1930-2000, with a stop-loss at 1780. If the daily close holds above 2000, add to the position and target 2200+.
Long-term believers:
Dollar-cost average below 1900. Did the fundamentals collapse after falling from 4946 to 1500? No—they have actually grown stronger. The ETH/BTC exchange rate has fallen to a historical low, and once macro conditions turn, its upside elasticity could be astonishing. Remember—1780 is the line in the sand; if it breaks, stay on the sidelines and wait for the structure to form.
ETH now looks like Bitcoin in 2020—
99% of people thought, “ETH is too big to keep rising,” but after the ETF was approved, it rose from 1500 to 4900. #非农之夜定涨跌方向 #股票交易分享挑战 #Gate首发上线10只A股合约 $BTC $ETH $SOL