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$ETH Ethereum's current downtrend has not yet stopped, with the support zone between $1800 and $1750 becoming the focus of attention.
Currently, the market is filled with long positions, with leverage and funding rates remaining high, yet the price continues to hit new lows, indicating a clear structural weakness.
The exchange's net trading volume has reached -744 million USD, with selling pressure still firmly controlling the rhythm.
Spot Ethereum ETFs have experienced 13 consecutive days of capital outflows, totaling $695 million, showing a clear willingness of institutions to exit.
Industry opinions are divided; some see the $1700 to $1800 range as a buying opportunity, believing that a break below could trigger a deeper correction.
Others emphasize that $1750 is a long-term trend watershed; if it falls below, the next support levels are around $1400-$1500.
The battle between bulls and bears is heating up; at this stage, do not rush into buying the dip—patiently observe whether the support levels can hold.
$ETH