$ETH 1700 Critical Battle of Life and Death: Bulls don't believe in fate, bears dare to take this counterattack? The bottom is not shouted out, it's because bears dare not smash it out.

Plot twist, is ETH about to get tough? ETH, which was once lifeless, suddenly shows some movement. The key level of $1640 is as solid as a rock— as long as it doesn't break, the bottom may be just around the corner.

Now the bulls are directly calling out: $1700, do the bears dare to take the challenge? Two forces pushing ETH upward as the external environment warms: Trump calls for a ceasefire, Iran restrains actions, Middle East tensions ease.

The US semiconductor sector soars 5.6%, Japanese and Korean stock markets rebound across the board. Safe-haven funds withdraw, risk appetite returns, and ETH naturally becomes one of the beneficiaries.

Subtle signals appear on the technical side: 1-hour level: BOLL channel shifts from narrowing to opening, price has broken above the middle band, RSI turns upward from the oversold zone at 33. The support at $1640 withstands the test, with short-term target directly at $1700.

Daily level: BOLL lower band at $1542, price still suppressed by all moving averages, MACD shows a dead cross that hasn't been resolved. The overall trend remains bearish, with resistance above $1700 being a high-pressure zone.

Clearing map reveals clues: data shows that above $1700, there is a large accumulation of short liquidation zones. Once the price breaks through this level, a chain reaction of short liquidations could push the price toward $1720–$1740.

Conversely, if the break above $1700 is a false breakout, bulls may also face a liquidation backlash.

Both strategies cater to different players: aggressive traders open longs near $1660, targeting $1700. Conservative traders wait for a setup of short positions around $1700, targeting $1670–$1650.

Remember one iron rule: $1700 is the dividing line. Don't chase the rally, don't hold onto positions blindly.
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