Is ETH at $1673 still pretending to be dead?

First look at the surface: bad news is everywhere, but the price isn’t falling.

It’s down 5% in the past week, 26% in a month, 43% in a year. Market cap has dropped below $200 billion, with a 24-hour trading volume of $11.9 billion. The monthly RSI has fallen below the bottoms of the 2018 bear market, the 2020 pandemic, and 2022 — this is the fourth time in history.

First thing: you think ETH is going to zero, but institutions are quietly accumulating.

Standard Chartered lowered its target price from $7,500 to $4,000.

But BitMine bought over $200 million worth of ETH in a single transaction. BlackRock is reallocating funds from BTC to ETH. The ETF has ended 17 days of net outflows, with a single-day inflow of $19 million.

The same script happened in June 2022.

Back then, ETH dropped to $880, and everyone shouted “it’s going to $300.” But what happened?

15 months later, it rose to $4,955.

Second thing: Glamsterdam upgrade is coming, but 99% of people don’t know.

In the second half of 2026, around Q3 — Glamsterdam upgrade.

Significantly lower gas fees

Throughput reaching ten thousand TPS

User experience approaching Web2

Followed by Hegotá continuing to expand capacity

Pectra upgrade has already proven network resilience. Now, Glamsterdam is the next big catalyst.

Third thing: a historic-level technical signal has appeared, and you must pay attention.

Monthly RSI —

Now at the fourth extreme oversold zone after the 2018 bear market bottom, the March 2020 pandemic crash, and the June 2022 FTX low.

Each of the previous three times was the start of a major reversal.

Every time, you hesitated to buy, and every time, you kicked yourself.

On the daily chart, the support zone at 1610-1625 held.

1712 is the first hurdle; breaking through 1721 targets 1800-2000.

Bull-bear showdown, you decide.

One side is:

ETF outflows ending, institutions starting to buy back

BlackRock and BitMine making real purchases

Glamsterdam upgrade landing in Q3, ten thousand TPS

Monthly RSI at the fourth historic extreme oversold level

Staking over 36 million ETH, circulating supply tightening

The other side is:

Interest rate at 3.75%, possible rate hike by year-end

Macro recession probability at 35%

BTC at only $62k, ETH/BTC hitting new lows

Daily and weekly moving averages are bearish

Key level at 1673, only $63 away from the critical 1610 line.

Resistance above: 1712-1721 → 1800-1812 → 1900-2000 (reversal confirmation)

Support below: 1610-1625 (iron bottom) → 1520-1505 (final line of defense)

Short-term traders:

Buy in batches at 1620-1650, stop-loss at 1580. First target: sell 50% at 1730. Second target: sell another 30% at 1800, keep some for 2000.

Swing traders:

Wait for daily close above 1720 before chasing, stop-loss at 1680, target 1800-2000. If it drops below 1610, exit decisively and wait for 1520.

Long-term believers:

Blindly invest in the 1600-1650 range. Keep position under 30%, use spare funds. There’s likely one more shakeout before Glamsterdam upgrade, but the target for 2027-2028 is 4000-5000+.

Risk iron law:

Focus on spot, leverage up to 3x max

Single position no more than 5-10% of total funds

Watch BTC — if $62k doesn’t hold, ETH will follow

On June 17, Federal Reserve meeting, if hawkish, reduce positions first

ETH now is like June 2022 —

Fallen to despair for everyone, institutions quietly buying, upgrade on the way.

And 15 months later, it’s multiplied five times.

Monthly RSI at the fourth historic extreme oversold level, and you didn’t buy the previous three times.

This is the fourth. Are you still going to miss out? #我的Gate交易时刻 #TradFiCFD黄金大师赛 #预测世界杯美国VS巴拉圭 $BTC $ETH $SOL