$1974 ETH—are you still waiting for it to go to zero?

Bitmine has just bought another 26,000 ETH, with total holdings of 5.42 million ETH, accounting for 4.49% of the circulating supply—institutions treat ETH as a core reserve, but you’re scared at $1974 and want to cut your losses. From $4953 it’s down 60%. All the bad news is laid out on the table, yet just now, the 24-hour trading volume quietly expanded from 1.3 billion to 1.83 billion, and the price bounced from $1956 back to $1974.

First, look at the surface: down 60%, retail investors panic—but someone is catching the bottom.

Over the past 7 days, it’s down 6.4%, down 14.7% over the month, down 33% YTD. Price has fallen from ATH 4953 to 1974, 24-hour trading volume is $1.83 billion, and the volume-to-market-cap ratio is 7.68%—this is whales quietly rotating their positions. The candlestick chart tells you this: in the downtrend channel, the price has repeatedly held around $1955. On the 4-hour chart, a symmetrical triangle appeared along with higher lows. MACD is showing early signs of a bullish crossover.

First thing: Is Bitmine going crazy? They’ve kept buying 26,497 ETH in a row, bringing total holdings to 5.42 million ETH.

Bitmine, associated with Tom Lee, bought another 26,000 ETH this week—total holdings are 5.42 million, accounting for 4.49% of the circulating supply, with the target heading straight for 5%.

Second thing: The fundamentals are the strongest in history, but the price is cut in half—this doesn’t make sense.

- Staking rate 32.4%—nearly one-third of ETH is locked up; circulation shrinks and yields are stable.

- EIP-1559 burn + staking annualized yield 3–5%*—deflationary plus interest-bearing. ETH is already “interest-bearing digital gold.”

- More than 120 million addresses—an unbeatable developer ecosystem.

- The SEC has approved ETH tokenized stocks; RWA + stablecoins continue to tilt toward ETH.

Third thing: A technical signal has appeared that you must take seriously.

On the 4-hour timeframe, the symmetrical triangle is converging. The price keeps testing back and forth between $1955 and $2000, with higher lows forming. Trading volume hasn’t shrunk to extreme levels, and clear signs of institutional buying are visible. MACD shows a slight bullish crossover hint.

The battle between bulls and bears—you decide.

On one side:

- Institutions like Bitmine + Bit Digital continue to buy—real money, real accumulation

- Staking rate 32.4%—nearly one-third of ETH locked up

- Fundamentals at their strongest in history—no rival in the ecosystem

- 4-hour triangle + higher lows—technical repair in progress

On the other side:

- The Federal Reserve policy rate at 3.5%–3.75%, no rate cut in June—macro pressure

- ETF outflows continue, with only slight declines—retail investors panic

- Price is still in a downtrend channel; moving averages are bearish

- It failed to break above 2050 three times—psychological pressure is high

Key level is $1974: it’s only $54 above the “iron bottom” at 1920, and $76 below the breakout at 2050.

Resistance overhead: $2005 → $2050 (short-term life-or-death line) → $2140 → $2280

Support below: $1955 → $1920 → $1880 → $1780 (2026 low)

Aggressive short-term:

Buy in batches between $1920 and $1955, cut losses at $1890. First target is $2050—sell half first. Break above $2050 and chase longs; stop-loss $2010. Watch for $2140–$2280.

Cautious medium-to-long term:

The current price is more than half off the ATH. Fundamentals are top-tier. Do weekly/monthly DCA, and add positions below $1920. Keep total position size to 30–50% in ETH, and hold 30% cash for even lower prices or confirmed breakout.

Risk control:

Sell off 5% below $1920 and wait. Watch the June Federal Reserve meeting, weekly ETF data, and Bitmine’s subsequent buying. No all-in, no leveraging bets.

ETH is like Bitcoin in 2020—

99% of people think “down 60% means it must fall more,” but institutions quietly accumulate. When the macro turns warmer, it jumps straight from 2000 to 4000. #分享美股交易赢英伟达股票 #成长值抽奖赢金条 $BTC $ETH $SOL