2,290 of $ETH ‌ , are you going to buy the dip?

Whales suddenly transferred 220k ETH to Anquan, worth $526 million, and core developers released 49.6 million unstaked assets, with CPI expectations soaring to 3.7% — just now, RSI dropped directly to 14-25, deeply in oversold territory.
Technically, all key moving averages were broken, and the market is in panic.
First, look at the surface: bad news piling up, blood flowing everywhere.
In the past 24 hours, it dropped to 2292, market cap evaporated to 276 billion, with a 1.5 billion+ 24-hour trading volume.
The candlestick chart shows: the price has been oscillating in the 2200-2400 range for two months, today it broke through all short-term moving averages, MACD is close to a death cross, RSI oversold to 14.
First thing: whales and developers are both selling.
BitForex founder’s related address transferred 220k ETH to Binance at once, worth $526 million.
At the same time, core developers released $49.6 million of unstaked assets.
Once the news broke, the market panicked.
ETH/BTC ratio dropped to 0.0284, down 9% in a month.
Second thing: fundamentals are quietly upgrading, but no one notices.
Glamsterdam upgrade (the one launched in June) — L1 throughput increased 3 times, gas cap surged to 200 million, parallel execution capabilities greatly enhanced.
Hegotá upgrade (H2) — Verkle Trees reduce node storage by 90%, nearly achieving stateless clients.
Key levels: 2200-2290, the last bottom line for bulls and bears.
Resistance above: 2340 → 2360-2400 (MA critical line) → 2500
Support below: 2200 (bottom of the range) → 2100 (psychological threshold) → 1700 (yearly low)
Short-term traders:
Don’t rush to buy the dip. Wait for RSI to rebound from 14 to above 30, or for the price to stabilize above 2200 without breaking down, then try a small long position.
Set stop-loss at 2150, target 2340-2360.
If it breaks below 2200, stay on the sidelines decisively, don’t go against the trend.
Swing traders:
Wait for the daily close to regain above 2360 (where the 50-day and 200-day MA converge), confirm the return of the main force before entering.
Target 2500-2750, stop-loss at 2250.
No guessing the bottom, just follow the trend.
Long-term believers:
DCA below 2200, buy in batches, adding every $50 drop.
End-of-2026 target: 3000-3500, betting on Glamsterdam + Hegotá double upgrades landing + macro turning point.
But remember — if CPI really spikes above 3.7%, ETH might first drop to 2100, don’t go all in at once.
ETH now is like June 2022 —
Fell from 1800 to 1000, everyone said “Ethereum is going to zero,” but three months later, it tripled. #Gate广场五月交易分享