What are you hesitating about with $1667 ETH?

First look at the surface: the weekly chart is falling, but the daily chart is starting to rebound.

Today it rose 2.9%, from 1622 to 1667. But over the week, it still dropped 7.8%, and over 30 days, it’s down 6%. The candlestick chart shows: support zones at 1620-1650 held three times without breaking, RSI is at low levels, MACD is beginning to narrow—this is called “shakeout followed by testing the market.”

First thing: ETFs are flowing out, but where did the chips go?

Blackstone and other institutions have been net selling for several days, thousands of ETH have flowed out of ETFs, but exchange ETH reserves have fallen to 14.5 million, a new historical low.

Institutions are selling ETFs, but the real coins are being taken away and moved into cold wallets.

The same script happened in 2023. ETF outflows, prices fell, but on-chain supply continued to decrease. What was the result? After three months, ETH rose from 1600 to 4000.

Second thing: After EIP-4844, Ethereum’s core has changed.

Gas fees dropped to $0.10-$0.25, L2s are almost free. DeFi TVL remains at $37.1 billion, stablecoin market cap at $157 billion, still number one globally. 33% of supply is staked, 37 million ETH are locked, with an APR of 3-4%.

Vitalik is still promoting privacy token standards, Joseph Lubin says a full shift to ZK architecture will happen in 3-5 years. MetaMask released Agent Wallet, RWA continues to land.

Third thing: a strange signal appears on the technical side.

The 1620-1650 zone has been tested three times with three rebounds. A bullish divergence appears on the daily chart, and the hourly chart is trying to break out of the downtrend channel.

But the weekly MACD is still below the zero line, not fully turning bullish. The bulls and bears are in balance, but buying volume is quietly accumulating.

The battle between bulls and bears, you decide.

One side is:

Exchange reserves at a new low, 14.5 million taken out

33% of supply staked, liquidity locked

Gas fees extremely low, L2s booming, network activity strong

RWA + ZK + AI agents, rich ecosystem narratives

Held the 1620 support three times, raising the bottom

The other side is:

ETF outflows continue, institutions are cautious in the short term

Weekly down 7.8%, the downtrend channel not broken

Macro interest rates high, no rate cuts in sight

Resistance at 1700-1750, needs volume to break through

Key level 1667, only 47 dollars away from the bottom at 1620.

Resistance above: 1700 → 1750-1800 → 2000

Support below: 1620-1650 → 1520-1450 (extreme case)

Short-term traders:

Buy in batches in the 1620-1650 range (30% position), stop loss at 1600, target 1750-1800. If volume breaks through 1700, chase, stop loss at 1670.

Swing traders:

Build positions in the 1620-1650 zone (15-20% position), hold until above 2000. Stop loss at 1600 if it drops, exit fully if below 1520.

Long-term believers:

Below 1600 is a golden pit. Dollar-cost averaging blindly, hold for a year, target 3000+. Betting on a rate cut cycle + ecosystem explosion + institutional allocation. But remember—always keep cash, don’t go all-in.

ETH now is just like yourself in 2023—

From being scolded at 1600 to reaching 2000, everyone said “POS is over,” but it rose to 4000, more than doubling.

Every ETF outflow panic is the main players helping you shake out.

Every bottom you’re afraid to buy is a long-termist bending down to pick up diamonds. #我的Gate交易时刻 #美国5月CPI创三年新高 #预测世界杯墨西哥VS南非