Guess how much ETH is worth right now?

Just took a screenshot—$1984.22.
Just now, it dropped another 1.67%. Are you also staring at the screen, hesitating: is this an opportunity to buy in, or a continuation of the decline?

Don’t rush, let’s peel back the surface layer by layer to see the essence.

💧 The surface appears calm, but undercurrents are surging

Breaking below the $2000 psychological level is a fact.
But more importantly—no one is buying.
Last week, ETH spot ETF net outflows reached $241 million, and funds are fleeing at an accelerating pace.
Meanwhile, the total open interest in contracts across the network is alarmingly high. Price drops, open interest rises—this is usually not a good sign, indicating “resistance-based decline,” filled with longs who can’t bear to cut losses.

🩺 On-chain indicators: Is anyone buying the dip?

The good news is, whales are quietly accumulating; the bad news is, this buying can’t really withstand institutional selling pressure.

What’s most unsettling is the calendar effect.
Do you know what June signifies for ETH? Over the past 10 years, ETH has fallen 7 times in June, with an average decline of -6.27%.

📉 Technical analysis: Where is the bottom?

The current trend looks ugly—daily moving averages are in a bearish alignment, and the price is being pressed down hard.

· First line of defense: 1960. If this level doesn’t hold, the market sentiment will collapse before the price does.
· Bottom line: 1850-1860. This is the bulls’ “Maginot Line,” and if it’s broken, the downside space opens directly to 1750 or even lower.

🎯 Specific trading ideas (practical tips)

In this kind of market, probing on the left side carries huge risks. It’s recommended to adopt a “wait for confirmation” or “buy the rebound and short” strategy:

· Long position strategy (extremely cautious)
· Entry: Only try a small position if there’s a clear 4-hour volume spike and pullback near 1960.
· Stop loss: Strictly at 1945.
· Take profit: 2000-2020.
· Position size: No more than 20%.
· Short position strategy (relatively comfortable)
· Entry: If the price rebounds to the 2020-2030 zone (4-hour moving average resistance) and is rejected, go short directly.
· Stop loss: Above 2050.
· Take profit: 1970 -> 1900.
· This is currently the highest probability direction.

🤔 Finally, I have a question for everyone:

Looking at the current market, do you believe whales are accumulating and so you choose to hold firm? Or do you think the June curse is unavoidable, and you prefer to exit and watch from the sidelines?

Leave your levels and directions in the comments, and see whose risk management awareness is stronger. #Gate正式推出股票交易